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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,883,656 $ 2,800,052
Construction work in progress 456,513 379,846
Nonutility plant and equipment, at cost 1,121,155 1,108,512
Construction work in progress 229,923 176,556
Total property, plant and equipment 4,691,247 4,464,966
Accumulated depreciation and amortization, utility plant (620,028) (601,635)
Accumulated depreciation and amortization, nonutility plant and equipment (156,063) (140,562)
Property, plant and equipment, net 3,915,156 3,722,769
CURRENT ASSETS    
Cash and cash equivalents 57,654 117,012
Customer accounts receivable    
Billed 237,229 134,173
Unbilled revenues 41,941 9,226
Allowance for doubtful accounts (17,325) (7,242)
Regulatory assets 23,527 36,530
Natural gas in storage, at average cost 74,853 167,504
Materials and supplies, at average cost 18,824 20,406
Prepaid expenses 14,729 6,639
Prepaid and accrued taxes 3,432 24,301
Derivatives, at fair value 17,433 23,310
Restricted broker margin accounts 45,916 69,444
Other 17,015 21,029
Total current assets 535,228 622,332
NONCURRENT ASSETS    
Investments in equity method investees 214,521 208,375
Regulatory assets 522,027 527,459
Operating lease assets 144,326 131,769
Derivatives, at fair value 1,977 3,349
Intangible assets, net 6,462 10,060
Software costs 5,485 4,707
Other noncurrent assets 79,952 85,657
Total noncurrent assets 974,750 971,376
Total assets 5,425,134 5,316,477
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding March 31, 2021 — 96,262,016; September 30, 2020 — 95,949,183 240,497 240,243
Premium on common stock 497,167 491,982
Accumulated other comprehensive loss, net of tax (42,196) (44,315)
Treasury stock at cost and other; shares March 31, 2021 — 16,313; September 30, 2020 — 148,310 11,983 8,485
Retained earnings 1,114,382 947,501
Common stock equity 1,821,833 1,643,896
Long-term debt 2,265,202 2,259,466
Total capitalization 4,087,035 3,903,362
CURRENT LIABILITIES    
Current maturities of long-term debt 22,635 27,236
Short-term debt 8,500 125,350
Natural gas purchases payable 129,136 95,945
Natural gas purchases payable to related parties 853 791
Accounts payable and other 126,154 141,500
Dividends payable 32,007 31,902
Accrued taxes 41,462 2,717
Regulatory liabilities 717 26,188
New Jersey Clean Energy Program 6,148 15,570
Derivatives, at fair value 23,690 33,865
Operating lease liabilities 4,001 6,724
Customers' credit balances and deposits 20,763 25,934
Total current liabilities 416,066 533,722
NONCURRENT LIABILITIES    
Deferred income taxes 166,238 138,081
Deferred investment tax credits 3,171 3,332
Deferred gain 894 1,035
Derivatives, at fair value 20,506 13,352
Manufactured gas plant remediation 143,490 150,590
Postemployment employee benefit liability 236,432 237,221
Regulatory liabilities 193,817 196,450
Operating lease liabilities 111,034 95,030
Asset retirement obligation 34,102 33,723
Other 12,349 10,579
Total noncurrent liabilities 922,033 879,393
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,425,134 $ 5,316,477