INVESTMENTS IN EQUITY INVESTEES (Tables)

6 Months Ended

Mar. 31, 2016

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

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

(Thousands)	March 31, 2016		September 30, 2015
Steckman Ridge (1)	$	124,446	$	125,649
PennEast	12,528		6,353
Total	$	136,974	$	132,002

(1) Includes loans with a total outstanding principal balance of $70.4 million for both March 31, 2016 and September 30, 2015. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.