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FAIR VALUE (Tables)
 6 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The estimated fair value of long-term debt, including current maturities, excluding finance leases, debt issuance costs and solar asset financing obligations, is as follows:
(Thousands)March 31,
2021		September 30,
2020
Carrying value (1) (2) (3)
$2,102,845 $2,102,845 
Fair market value$2,259,855 $2,417,748 
(1)Excludes finance leases of $68.2 million and $74.2 million as of March 31, 2021 and September 30, 2020, respectively.
(2)Excludes NJNG's debt issuance costs of $9.4 million and $9.2 million as of March 31, 2021 and September 30, 2020, respectively.
(3)Excludes NJR's debt issuance costs of $3.3 million and $3.4 million as of March 31, 2021 and September 30, 2020, respectively.
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis Assets and liabilities measured at fair value on a recurring basis are summarized as follows:
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
(Thousands)(Level 1)(Level 2)(Level 3)Total
As of March 31, 2021:
Assets:
Physical commodity contracts$— $5,209 $— $5,209 
Financial commodity contracts13,751 193 — 13,944 
Financial commodity contracts - foreign exchange— 257 — 257 
Money market funds50,368 — — 50,368 
Other1,818 — — 1,818 
Total assets at fair value$65,937 $5,659 $— $71,596 
Liabilities:
Physical commodity contracts$— $36,506 $— $36,506 
Financial commodity contracts7,661 — — 7,661 
Financial commodity contracts - foreign exchange— 29 — 29 
Total liabilities at fair value$7,661 $36,535 $— $44,196 
As of September 30, 2020:
Assets:
Physical commodity contracts$— $7,796 $— $7,796 
Financial commodity contracts18,279 500 — 18,779 
Financial commodity contracts - foreign exchange— 84 — 84 
Money market funds112,291 — — 112,291 
Other1,840 — — 1,840 
Total assets at fair value$132,410 $8,380 $— $140,790 
Liabilities:
Physical commodity contracts$— $32,517 $— $32,517 
Financial commodity contracts14,593 — — 14,593 
Financial commodity contracts - foreign exchange— 107 — 107 
Total liabilities at fair value$14,593 $32,624 $— $47,217