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INCOME TAXES, DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Sep. 30, 2015
Deferred tax assets    
Investment tax credits [1] $ 76,517 $ 24,770
Deferred service contract revenue 3,601 3,440
Incentive compensation 8,128 10,369
Fair value of derivatives 1,179 0
Federal net operating losses 27,541 0
State net operating losses 18,113 12,757
Conservation incentive plan 0 2,091
Underrecovered gas costs 3,831 2,827
Other 11,668 12,762
Total deferred tax assets 150,578 69,016
Deferred tax liabilities    
Property related items (532,027) (440,420)
Remediation costs (7,928) (7,641)
Equity investments (37,740) (37,930)
Postemployment benefits (7,902) (2,976)
Fair value of derivatives 0 (3,180)
Conservation incentive plan (14,953) 0
Other (14,610) (13,409)
Total deferred tax liabilities (615,160) (505,556)
Total net deferred tax liabilities (464,582) (436,540)
NJNG    
Deferred tax assets    
Investment tax credits 2,500 2,700
NJRCEV    
Deferred tax liabilities    
Tax credit carryforward $ 74,000 $ 22,100
[1] Includes $2.5 million and $2.7 million for NJNG for fiscal 2016 and fiscal 2015, respectively, which is being amortized over the life of the related assets, and $74 million and $22.1 million for NJRCEV for fiscal 2016 and fiscal 2015, respectively, which is ITC carryforward.