DEBT (Tables)

12 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table presents the long-term debt of the Company as of September 30:

(Thousands)			2013			2012
NJNG
First mortgage bonds:		Maturity date:
5.00%	Series HH	December 1, 2038	$	12,000		$	12,000
4.50%	Series II	August 1, 2023	10,300			10,300
4.60%	Series JJ	August 1, 2024	10,500			10,500
4.90%	Series KK	October 1, 2040	15,000			15,000
5.60%	Series LL	May 15, 2018	125,000			125,000
Variable	Series MM	September 1, 2027	9,545			9,545
Variable	Series NN	August 1, 2035	41,000			41,000
Variable	Series OO	August 1, 2041	46,500			46,500
3.15%	Series PP	April 15, 2028	50,000			—
4.77% Unsecured senior notes		March 15, 2014	60,000			60,000
Capital lease obligation-Buildings		June 1, 2021	20,381			21,907
Capital lease obligation-Meters		Various dates	31,261			30,887
Capital lease obligation-Equipment		December 1, 2013	42			290
Less: Current maturities of long-term debt			(68,643		)	(7,760		)
Total NJNG long-term debt			362,886			375,169
NJR
6.05% Unsecured senior notes		September 24, 2017	50,000			50,000
1.94% Unsecured senior notes		September 17, 2015	25,000			25,000
2.51% Unsecured senior notes		September 17, 2018	25,000			25,000
3.25% Unsecured senior notes		September 17, 2022	50,000			50,000
Total NJR long-term debt			150,000			150,000
Total long-term debt			$	512,886		$	525,169

Schedule of Extinguishment of Debt

Annual long-term debt redemption requirements, excluding capital leases, as of September 30, are as follows:

(Millions)	NJNG		NJR
2014	$	60.0	$	—
2015	$	—	$	25.0
2016	$	—	$	—
2017	$	—	$	50.0
2018	$	125.0	$	25.0
Thereafter	$	194.8	$	50.0

Schedule of Sale Leaseback Transactions

Contractual commitments for capital lease payments, as of the fiscal years ended September 30, are as follows:

(Millions)	Lease Payments
2014		$	11.3
2015		10.7
2016		10.9
2017		9.8
2018		7.9
Thereafter		11.3
Subtotal		61.9
Less: interest component		(10.2		)
Total		$	51.7

Schedule of Line of Credit Facilities

A summary of NJR's and NJNG's short-term bank facilities as of September 30, are as follows:

(Thousands)	2013			2012
NJR
Bank revolving credit facilities(1)	$	325,000		$	325,000
Amount outstanding at end of period	$	97,000		$	144,800
Weighted average interest rate at end of period	1.00		%	1.16		%
Amount available at end of period (2)	$	210,110		$	166,339
Bank term loan	$	100,000		$	—
Amount outstanding at end of period	$	100,000		$	—
Weighted average interest rate at end of period	0.74		%	—		%
Amount available at end of period	$	—		$	—
Bank letter of credit facility (3)	$	10,000		$	—
NJNG
Bank credit facility dedicated to EDA Bonds (1) (3)	$	100,000		$	100,000
Bank revolving credit facilities (1)	$	250,000		$	200,000
Amount outstanding at end of period	$	168,600		$	135,000
Weighted average interest rate at end of period	.13		%	.18		%
Amount available at end of period (4)	$	81,400		$	65,000

(1) Committed credit facilities, which require commitment fees on the unused amounts.

(2) Letters of credit outstanding total $17.9 million and $13.9 million as of September 30, 2013 and 2012, respectively, which reduces amount available.

(3) There were no borrowings outstanding as of September 30, 2013 and 2012, respectively.

(4) Letters of credit outstanding total $266,000 as of September 30, 2013, which reduces amount available. There were no letters of credit outstanding as of September 30, 2012.