INVESTMENTS IN EQUITY METHOD INVESTEES (Tables)

3 Months Ended

Dec. 31, 2017

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

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

(Thousands)	December 31, 2017		September 30, 2017
Steckman Ridge (1)	$	119,433	$	120,262
PennEast	59,996		52,323
Total	$	179,429	$	172,585

(1) Includes loans with a total outstanding principal balance of $70.4 million for both December 31, 2017 and September 30, 2017. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.