ASSET RETIREMENT OBLIGATIONS (Tables)

12 Months Ended

Sep. 30, 2020

Asset Retirement Obligation Disclosure [Abstract]

Analysis of Change in ARO Liability

The following is an analysis of the change in the Company’s ARO for the fiscal years ended September 30:

(Thousands)	2020				2019
	NJNG		NJRCEV		NJNG		NJRCEV
Balance at October 1	$	26,944	$	4,102	$	25,640	$	3,048
Accretion	1,476		196		1,427		150
Additions	—		1,306		135		904
Change in estimated useful life	—		(1,160)		—		—
Change in assumptions	1,104		—		—		—
Retirements	(244)		—		(258)		—
Other	—		—		—		—
Balance at period end	$	29,280	$	4,444	$	26,944	$	4,102

Schedule of Future Accretion

Accretion for the next five years, for the fiscal years ended September 30, is estimated to be as follows:

	Estimated
(Thousands)	Accretion
2021	$	1,717
2022	1,789
2023	1,869
2024	1,948
2025	2,029
Total	$	9,352