INVESTMENTS IN EQUITY INVESTEES (Tables)

3 Months Ended

Dec. 31, 2014

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

NJR's investments in equity investees includes the following investments as of:

(Thousands)	December 31, 2014		September 30, 2014
Steckman Ridge (1)	$	127,907	$	128,413
Iroquois	22,876		24,042
PennEast	1,103		555
Total	$	151,886	$	153,010

(1) Includes loans with a total outstanding principal balance of $70.4 million for both December 31, 2014 and September 30, 2014. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.