INVESTMENTS IN EQUITY INVESTEES (Tables)

6 Months Ended

Mar. 31, 2020

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

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

(Thousands)	March 31, 2020		September 30, 2019
Steckman Ridge (1)	$	113,224	$	114,428
PennEast	91,022		85,840
Total	$	204,246	$	200,268

(1)

Includes loans with a total outstanding principal balance of $70.4 million for both March 31, 2020 and September 30, 2019. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.