INVESTMENTS IN EQUITY METHOD INVESTEES (Tables)

9 Months Ended

Jun. 30, 2017

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

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

(Thousands)	June 30, 2017		September 30, 2016
Steckman Ridge (1)	$	120,868	$	123,155
PennEast	45,602		17,993
Total	$	166,470	$	141,148

(1) Includes loans with a total outstanding principal balance of $70.4 million for both June 30, 2017 and September 30, 2016. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.