INVESTMENTS IN EQUITY INVESTEES (Tables)

9 Months Ended

Jun. 30, 2019

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, 2019		September 30, 2018
Steckman Ridge (1)	$	115,419	$	117,001
PennEast	82,241		73,865
Total	$	197,660	$	190,866

(1)

Includes loans with a total outstanding principal balance of $70.4 million for both June 30, 2019 and September 30, 2018. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.