INVESTMENTS IN EQUITY INVESTEES (Tables)

6 Months Ended

Mar. 31, 2021

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, 2021		September 30, 2020
Steckman Ridge (1)	$	111,435	$	112,378
PennEast (2)	103,086		95,997
Total	$	214,521	$	208,375

(1)Includes loans with a total outstanding principal balance of $70.4 million for both March 31, 2021 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 $7.6 million and $4.6 million for March 31, 2021 and September 30, 2020, respectively.