INVESTMENTS IN EQUITY METHOD INVESTEES (Tables)

3 Months Ended

Dec. 31, 2016

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

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

(Thousands)	December 31, 2016		September 30, 2016
Steckman Ridge (1)	$	122,431	$	123,155
PennEast	22,738		17,993
Total	$	145,169	$	141,148

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