DEBT (Tables)

12 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt

The following table presents the long-term debt of the Company as of September 30:

(Thousands)			2015			2014
NJNG
First mortgage bonds:		Maturity date:
4.50%	Series II	August 1, 2023	$	10,300		$	10,300
4.60%	Series JJ	August 1, 2024	10,500			10,500
4.90%	Series KK	October 1, 2040	15,000			15,000
5.60%	Series LL	May 15, 2018	125,000			125,000
Variable	Series MM	September 1, 2027	9,545			9,545
Variable	Series NN	August 1, 2035	41,000			41,000
Variable	Series OO	August 1, 2041	46,500			46,500
3.15%	Series PP	April 15, 2028	50,000			50,000
3.58%	Series QQ	March 13, 2024	70,000			70,000
4.61%	Series RR	March 13, 2044	55,000			55,000
2.82%	Series SS	April 15, 2025	50,000			—
3.66%	Series TT	April 15, 2045	100,000			—
Capital lease obligation-buildings		June 1, 2021	16,700			18,726
Capital lease obligation-meters		Various dates	30,188			31,143
Less: Current maturities of long-term debt			(11,138		)	(9,505		)
Total NJNG long-term debt			618,595			473,209
NJR
6.05%	Unsecured senior notes	September 24, 2017	50,000			50,000
1.94%	Unsecured senior notes	September 17, 2015	—			25,000
2.51%	Unsecured senior notes	September 17, 2018	25,000			25,000
3.25%	Unsecured senior notes	September 17, 2022	50,000			50,000
3.48%	Unsecured senior notes	November 7, 2024	100,000			—
Less: Current maturities of long-term debt			—			(25,000		)
Total NJR long-term debt			225,000			125,000
Total long-term debt			$	843,595		$	598,209

Schedule of Long-term Debt Redemption Requirements

Annual long-term debt redemption requirements, excluding capital leases, as of September 30, are as follows:

(Millions)	NJNG		NJR
2016	$	—	$	—
2017	$	—	$	50.0
2018	$	125.0	$	25.0
2019	$	—	$	—
2020	$	—	$	—
Thereafter	$	457.8	$	150.0

Schedule of Contractual Commitments for Capital Lease Payments

Contractual commitments for capital lease payments, as of the fiscal years ended September 30, are as follows:

(Millions)	Lease Payments
2016		$	13.3
2017		12.1
2018		10.2
2019		7.4
2020		6.6
Thereafter		3.6
Subtotal		53.2
Less: Interest component		(6.3		)
Total		$	46.9

Summary of Short-Term Bank Facilities

A summary of NJR's and NJNG's short-term bank facilities as of September 30, are as follows:

(Thousands)	2015			2014
NJR
Bank revolving credit facilities(1)	$	425,000		$	425,000
Notes outstanding at end of period	$	39,350		$	148,000
Weighted average interest rate at end of period	1.17		%	1.08		%
Amount available at end of period (2)	$	369,176		$	256,484
Bank revolving credit facilities(3)	$	100,000		$	—
Amount available at end of period	$	100,000		$	—
NJNG
Bank revolving credit facilities (4)	$	250,000		$	250,000
Commercial paper outstanding at end of period	$	27,000		$	153,000
Weighted average interest rate at end of period	.20		%	0.12		%
Amount available at end of period (5)	$	222,269		$	96,269

(1) Committed credit facilities, which require commitment fees of .075 percent and .1 percent on the unused amounts as of September 30, 2015 and 2014, respectively.

(2) Letters of credit outstanding total $16.5 million and $20.5 million as of September 30, 2015 and 2014, respectively, which reduces amount available by the same amount.

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

(4) Committed credit facilities, which require commitment fees of .075 percent on the unused amounts.

(5) Letters of credit outstanding total $731,000 and $731,000 as of September 30, 2015 and 2014, respectively, which reduces amount available by the same amount.