SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Schedule of Utility Inventory

The following table summarizes gas in storage, at average cost by company as of:

	December 31, 2014				September 30, 2014
($ in thousands)	Gas in Storage			Bcf	Gas in Storage			Bcf
NJRES		$	201,722	57.8		$	191,250	56.5
NJNG		67,698		17.1		86,266		21.3
Total		$	269,420	74.9		$	277,516	77.8

Accounts Receivable by Subsidiary

Customer accounts receivable include outstanding billings from the following subsidiaries as of:

(Thousands)	December 31, 2014				September 30, 2014
NJRES	$	236,564	75	%	$	142,566	75	%
NJNG (1)	74,198		24		41,281		22
NJRCEV	725		—		594		—
NJRHS and other	2,652		1		5,529		3
Total	$	314,139	100	%	$	189,970	100	%

(1) Does not include unbilled revenues of $48.2 million and $7.2 million as of December 31, 2014 and September 30, 2014, respectively.