SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Schedule of Utility Inventory

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

	June 30, 2015				September 30, 2014
($ in thousands)	Gas in Storage			Bcf	Gas in Storage			Bcf
NJRES		$	81,829	36.6		$	191,250	56.5
NJNG		35,286		12.1		86,266		21.3
Total		$	117,115	48.7		$	277,516	77.8

Accounts Receivable by Subsidiary

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

(Thousands)	June 30, 2015				September 30, 2014
NJRES	$	114,531	58	%	$	142,566	75	%
NJNG (1)	76,716		39		41,281		22
NJRCEV	898		—		594		—
NJRHS and other	4,941		3		5,529		3
Total	$	197,086	100	%	$	189,970	100	%

(1) Does not include unbilled revenues of $6.7 million and $7.2 million as of June 30, 2015 and September 30, 2014, respectively.