REGULATION (Tables)

3 Months Ended

Dec. 31, 2014

Regulated Operations [Abstract]

Schedule of Regulatory Assets and Liabilities

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets are comprised of the following:

(Thousands)	December 31, 2014		September 30, 2014
Regulatory assets-current
New Jersey Clean Energy Program	$	13,166	$	14,285
Derivatives at fair value, net	18,866		—
Conservation Incentive Program	1,556		—
Underrecovered gas costs	3,254		12,577
Total current regulatory assets	$	36,842	$	26,862
Regulatory assets-noncurrent
Environmental remediation costs
Expended, net of recoveries	$	26,226	$	30,916
Liability for future expenditures	177,000		177,000
Deferred income taxes	9,968		9,968
SAVEGREEN	28,411		29,180
Postemployment and other benefit costs	106,503		108,507
Deferred Superstorm Sandy costs	15,207		15,207
Other noncurrent regulatory assets	5,861		6,797
Total noncurrent regulatory assets	$	369,176	$	377,575
Regulatory liability-current
Conservation Incentive Program	$	—	$	5,752
Derivatives at fair value, net	—		320
Total current regulatory liabilities	$	—	$	6,072
Regulatory liabilities-noncurrent
Cost of removal obligation	$	58,723	$	61,163
Derivatives at fair value, net	—		57
Other noncurrent regulatory liabilities	6,605		106
Total noncurrent regulatory liabilities	$	65,328	$	61,326