INVESTMENTS IN EQUITY INVESTEES (Tables)

3 Months Ended

Dec. 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)	December 31, 2020		September 30, 2020
Steckman Ridge (1)	$	110,929	$	112,378
PennEast (2)	100,652		95,997
Total	$	211,581	$	208,375

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

(2)Includes a deferred tax component related to AFUDC equity of $7.2 million and $4.6 million for December 31, 2020 and September 30, 2020, respectively.