REGULATION (Tables)

6 Months Ended

Mar. 31, 2021

Regulated Operations [Abstract]

Schedule of Regulator Liabilities

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:

(Thousands)	March 31, 2021		September 30, 2020
Regulatory assets-current
New Jersey Clean Energy Program	$	6,147	$	15,570
Conservation Incentive Program	14,025		19,120
Derivatives at fair value, net	1,509		—
Other current regulatory assets	1,730		1,682
Total current regulatory assets	$	23,411	$	36,372
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries	$	37,476	$	36,516
Liability for future expenditures	143,495		150,590
Deferred income taxes	31,603		28,241
Derivatives at fair value, net	4		1
SAVEGREEN	21,842		21,281
Postemployment and other benefit costs	180,360		188,170
Deferred storm damage costs	5,429		6,515
Cost of removal	82,353		75,080
Other noncurrent regulatory assets	17,952		20,068
Total noncurrent regulatory assets	$	520,514	$	526,462
Regulatory liability-current
Overrecovered natural gas costs	$	541	$	25,914
Derivatives at fair value, net	176		274
Total current regulatory liabilities	$	717	$	26,188
Regulatory liabilities-noncurrent
Tax Act impact (1)	$	192,895	$	195,425
Derivatives at fair value, net	—		352
Other noncurrent regulatory liabilities	759		509
Total noncurrent regulatory liabilities	$	193,654	$	196,286

(1)Reflects the re-measurement and subsequent amortization of NJNG's net deferred tax liabilities as a result of the change in federal tax rates enacted in the Tax Act.

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia Gateway are comprised of the following:

(Thousands)	March 31, 2021		September 30, 2020
Total current regulatory assets	$	116	$	158
Total noncurrent regulatory assets	$	1,514	$	997
Total-noncurrent regulatory liabilities	$	164	$	—

Schedule of Regulatory Assets

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:

(Thousands)	March 31, 2021		September 30, 2020
Regulatory assets-current
New Jersey Clean Energy Program	$	6,147	$	15,570
Conservation Incentive Program	14,025		19,120
Derivatives at fair value, net	1,509		—
Other current regulatory assets	1,730		1,682
Total current regulatory assets	$	23,411	$	36,372
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries	$	37,476	$	36,516
Liability for future expenditures	143,495		150,590
Deferred income taxes	31,603		28,241
Derivatives at fair value, net	4		1
SAVEGREEN	21,842		21,281
Postemployment and other benefit costs	180,360		188,170
Deferred storm damage costs	5,429		6,515
Cost of removal	82,353		75,080
Other noncurrent regulatory assets	17,952		20,068
Total noncurrent regulatory assets	$	520,514	$	526,462
Regulatory liability-current
Overrecovered natural gas costs	$	541	$	25,914
Derivatives at fair value, net	176		274
Total current regulatory liabilities	$	717	$	26,188
Regulatory liabilities-noncurrent
Tax Act impact (1)	$	192,895	$	195,425
Derivatives at fair value, net	—		352
Other noncurrent regulatory liabilities	759		509
Total noncurrent regulatory liabilities	$	193,654	$	196,286

(1)Reflects the re-measurement and subsequent amortization of NJNG's net deferred tax liabilities as a result of the change in federal tax rates enacted in the Tax Act.

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia Gateway are comprised of the following:

(Thousands)	March 31, 2021		September 30, 2020
Total current regulatory assets	$	116	$	158
Total noncurrent regulatory assets	$	1,514	$	997
Total-noncurrent regulatory liabilities	$	164	$	—