DEBT (Tables)

12 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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

(Thousands)			2016			2015
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			50,000
3.66%	Series TT	April 15, 2045	100,000			100,000
3.63%	Series UU	June 21, 2046	125,000			—
Capital lease obligation-buildings		June 1, 2021	14,262			16,700
Capital lease obligation-meters		Various dates	27,895			30,188
Less: Current maturities of long-term debt			(11,452		)	(11,138		)
Total NJNG long-term debt			738,550			618,595
NJR
6.05%	Unsecured senior notes	September 24, 2017	50,000			50,000
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			100,000
3.20%	Unsecured senior notes	August 18, 2023	50,000			—
3.54%	Unsecured senior notes	August 18, 2026	100,000			—
Less: Current maturities of long-term debt			(50,000		)	—
Total NJR long-term debt			325,000			225,000
Total long-term debt			$	1,063,550		$	843,595

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
2017	$	—	$	50.0
2018	$	125.0	$	25.0
2019	$	—	$	—
2020	$	—	$	—
2021	$	—	$	—
Thereafter	$	582.8	$	300.0

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
2017		$	13.2
2018		11.3
2019		8.5
2020		7.7
2021		4.7
Thereafter		1.5
Subtotal		46.9
Less: Interest component		(4.7		)
Total		$	42.2

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)	2016			2015
NJR
Bank revolving credit facilities:(1)	$	425,000		$	425,000
Notes outstanding at end of period	$	121,700		$	39,350
Weighted average interest rate at end of period	1.43		%	1.17		%
Amount available at end of period (2)	$	288,910		$	369,176
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
Weighted average interest rate at end of period	—		%	0.20		%
Amount available at end of period (5)	$	249,269		$	222,269

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

(2) Letters of credit outstanding total $14.4 million and $16.5 million as of September 30, 2016 and 2015, 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 as of September 30, 2016 and 2015, which reduces amount available by the same amount.