INVESTMENTS IN EQUITY INVESTEES (Tables)

3 Months Ended

Dec. 31, 2019

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, 2019		September 30, 2019
Steckman Ridge (1)	$	113,750	$	114,428
PennEast	88,481		85,840
Total	$	202,231	$	200,268

(1)

Includes loans with a total outstanding principal balance of $70.4 million for both December 31, 2019 and September 30, 2019. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.