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BUSINESS SEGMENT AND OTHER OPERATIONS DATA (Tables)
 3 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

Information related to the Company's various business segments and other operations is detailed below:
 
Three Months Ended
 
December 31,
(Thousands)
2012
2011
Operating revenues
 
 
Natural Gas Distribution
 
 
External customers
$
218,849

$
191,374

Clean Energy Ventures
 
 
External customers
3,179

380

Energy Services
 
 
External customers
503,635

441,806

Intercompany
107

194

Segment subtotal
725,770

633,754

Retail and Other
 
 
External customers
10,355

8,852

Intercompany
263

179

Eliminations
(369
)
(374
)
Total
$
736,019

$
642,411

Depreciation and amortization
 
 
Natural Gas Distribution
$
9,277

$
8,632

Clean Energy Ventures
1,831

810

Energy Services
11

16

Energy Holdings
2

1

Segment subtotal
11,121

9,459

Retail and Other
191

141

Eliminations
(9
)
—

Total
$
11,303

$
9,600

Interest income (1)
 
 
Natural Gas Distribution
$
167

$
246

Energy Services
—

31

Energy Holdings
271

248

Segment subtotal
438

525

Retail and Other
1

—

Eliminations
(232
)
(235
)
Total
$
207

$
290

(1)
Included in other income on the Unaudited Condensed Consolidated Statements of Operations.

 
Three Months Ended
 
December 31,
(Thousands)
2012
2011
Interest expense, net of capitalized interest
 
 
Natural Gas Distribution
$
3,584

$
3,737

Clean Energy Ventures
783

142

Energy Services
568

270

Energy Holdings
591

714

Segment subtotal
5,526

4,863

Retail and Other
299

142

Total
$
5,825

$
5,005

Income tax provision (benefit)
 
 
Natural Gas Distribution
$
14,507

$
15,596

Clean Energy Ventures
(7,769
)
(12,171
)
Energy Services
16,164

11,508

Energy Holdings
1,243

1,231

Segment subtotal
24,145

16,164

Retail and Other
(123
)
(59
)
Eliminations
(42
)
(68
)
Total
$
23,980

$
16,037

Equity in earnings of affiliates
 
 
Energy Holdings
$
3,491

$
3,615

Eliminations
(936
)
(961
)
Total
$
2,555

$
2,654

Net financial earnings (loss)
 
 
Natural Gas Distribution
$
25,492

$
25,974

Clean Energy Ventures
5,305

10,097

Energy Services
3,014

7,615

Energy Holdings
1,785

1,783

Segment subtotal
35,596

45,469

Retail and Other
(94
)
(146
)
Eliminations
(9
)
(15
)
Total
$
35,493

$
45,308

Capital expenditures
 
 
Natural Gas Distribution
$
34,145

$
21,718

Clean Energy Ventures
15,320

47,611

Segment subtotal
49,465

69,329

Retail and Other
154

89

Total
$
49,619

$
69,418
Reconciliation of Consolidated Net Financial Earnings to Consolidated Net Income
A reconciliation of consolidated net financial earnings to consolidated net income is as follows:
 
Three Months Ended
 
December 31,
(Thousands)
2012
2011
Consolidated net financial earnings
$
35,493

$
45,308

Less:
 
 
Unrealized (gain) from derivative instruments and related transactions, net of taxes (1) (2)
(11,594
)
(17,372
)
Effects of economic hedging related to natural gas inventory, net of taxes (3)
(13,119
)
5,323

Consolidated net income
$
60,206

$
57,357


(1)
Excludes unrealized losses related to an intercompany transaction between NJNG and NJRES that have been eliminated in consolidation of approximately $67,000, and $118,000 for the three months ended December 31, 2012 and 2011, respectively.
(2)
Includes taxes of approximately $(6.8) million and $(10.2) million for the three months ended December 31, 2012 and 2011, respectively.
(3)
Includes taxes of approximately $(7.6) million and $3.1 million for the three months ended December 31, 2012 and 2011, respectively.
Reconciliation of Assets from Segment to Consolidated
The Company's assets for the various business segments and business operations are detailed below:
(Thousands)
December 31,
2012
September 30,
2012
Assets at end of period:
 
 
Natural Gas Distribution
$
2,105,861

$
2,005,520

Clean Energy Ventures
239,057

223,247

Energy Services
437,095

347,406

Energy Holdings
155,850

157,779

Segment subtotal
2,937,863

2,733,952

Retail and Other
48,102

73,298

Intercompany assets (1)
(37,305
)
(37,245
)
Total
$
2,948,660

$
2,770,005

(1)
Consists of transactions between subsidiaries that are eliminated and reclassified in consolidation.