XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.4
REGULATION (Tables)
 3 Months Ended
Dec. 31, 2022
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)December 31,
2022		September 30,
2022
Regulatory assets-current
New Jersey Clean Energy Program$14,090 $15,697 
Conservation Incentive Program19,633 23,099 
Derivatives at fair value, net26,314 — 
Other current regulatory assets1,318 1,290 
Total current regulatory assets$61,355 $40,086 
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries$65,671 $66,149 
Liability for future expenditures125,727 127,070 
Deferred income taxes40,732 40,520 
SAVEGREEN54,909 52,690 
Postemployment and other benefit costs55,972 56,021 
Deferred storm damage costs1,629 2,172 
Cost of removal106,645 104,850 
Other noncurrent regulatory assets39,249 45,828 
Total noncurrent regulatory assets$490,534 $495,300 
Regulatory liability-current
Overrecovered natural gas costs$42,245 $17,807 
Derivatives at fair value, net681 7,972 
Total current regulatory liabilities$42,926 $25,779 
Regulatory liabilities-noncurrent
Tax Act impact (1)
$184,112 $185,367 
Derivatives at fair value, net— 116 
Other noncurrent regulatory liabilities628 151 
Total noncurrent regulatory liabilities$184,740 $185,634 
(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)December 31,
2022		September 30,
2022
Total noncurrent regulatory assets$5,316 $5,366 
Total current regulatory liabilities6,456 5,311 
Schedule of Regulatory Assets
Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:
(Thousands)December 31,
2022		September 30,
2022
Regulatory assets-current
New Jersey Clean Energy Program$14,090 $15,697 
Conservation Incentive Program19,633 23,099 
Derivatives at fair value, net26,314 — 
Other current regulatory assets1,318 1,290 
Total current regulatory assets$61,355 $40,086 
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries$65,671 $66,149 
Liability for future expenditures125,727 127,070 
Deferred income taxes40,732 40,520 
SAVEGREEN54,909 52,690 
Postemployment and other benefit costs55,972 56,021 
Deferred storm damage costs1,629 2,172 
Cost of removal106,645 104,850 
Other noncurrent regulatory assets39,249 45,828 
Total noncurrent regulatory assets$490,534 $495,300 
Regulatory liability-current
Overrecovered natural gas costs$42,245 $17,807 
Derivatives at fair value, net681 7,972 
Total current regulatory liabilities$42,926 $25,779 
Regulatory liabilities-noncurrent
Tax Act impact (1)
$184,112 $185,367 
Derivatives at fair value, net— 116 
Other noncurrent regulatory liabilities628 151 
Total noncurrent regulatory liabilities$184,740 $185,634 
(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)December 31,
2022		September 30,
2022
Total noncurrent regulatory assets$5,316 $5,366 
Total current regulatory liabilities6,456 5,311