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DEBT (Tables)

9 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

A summary of NJR's credit facility and NJNG's commercial paper program and credit facility are as follows:



(Thousands)	June 30, 2014				September 30, 2013				Expiration Dates
NJR
Bank revolving credit facility⁽¹⁾	$	425,000			$	325,000			August 2017
Notes outstanding at end of period	$	93,500			$	97,000
Weighted average interest rate at end of period	1.16		%		1.00		%
Amount available at end of period ⁽²⁾	$	304,830			$	210,110
Bank term loan ⁽³⁾	$	100,000			$	100,000			September 2014
Loan outstanding at end of period	$	—			$	100,000
Weighted average interest rate at end of period	—		%		0.74		%
Amount available at end of period	$	100,000			$	—
Bank letter of credit facility ^{(3) (4)}	$	—			$	10,000			June 2014
NJNG
Bank credit facility dedicated to EDA Bonds ^{(1) (4)}	$	100,000			$	100,000			August 2015
Bank revolving credit facility ⁽¹⁾	$	250,000			$	250,000			May 2019
Commercial paper outstanding at end of period	$	81,000			$	168,600
Weighted average interest rate at end of period	0.11		%		0.13		%
Amount available at end of period ⁽⁵⁾	$	168,269			$	81,400


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


(2)	Letters of credit outstanding total $26.7 million and $17.9 million as of June 30, 2014 and September 30, 2013, respectively, which reduces amount available by the same amount.


(3)	Uncommitted, expired on June 5, 2014.


(4)	There were no borrowings outstanding as of June 30, 2014 and September 30, 2013, respectively.


(5)	Letters of credit outstanding total $731,000 and $266,000 as of June 30, 2014 and September 30, 2013, respectively, which reduces the amount available by the same amount.