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DEBT (Tables)

3 Months Ended

Dec. 31, 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)	December 31, 2014				September 30, 2014				Expiration Dates
NJR
Bank revolving credit facilities⁽¹⁾	$	425,000			$	425,000			August 2017
Notes outstanding at end of period	$	80,000			$	148,000
Weighted average interest rate at end of period	1.06		%		1.08		%
Amount available at end of period ⁽²⁾	$	327,345			$	256,484
Bank revolving credit facilities⁽³⁾	$	100,000			$	—			October 2015
Amount available at end of period	$	100,000			$	—
NJNG
Bank revolving credit facilities ⁽¹⁾	$	250,000			$	250,000			May 2019
Commercial paper outstanding at end of period	$	174,196			$	153,000
Weighted average interest rate at end of period	0.15		%		0.12		%
Amount available at end of period ⁽⁴⁾	$	75,073			$	96,269


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


(2)	Letters of credit outstanding total $17.7 million and $20.5 million as of December 31, 2014 and September 30, 2014, respectively, which reduces amount available by the same amount.


(3)	Uncommitted credit facilities, which require no commitment fees.


(4)	Letters of credit outstanding total $731,000 as of December 31, 2014 and September 30, 2014, which reduces the amount available by the same amount.