DEBT (Tables)

3 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

A summary of NJR's credit facility and term loan credit agreement and NJNG's commercial paper program and credit facility are as follows:

(Thousands)	December 31, 2022			September 30, 2022			Expiration Dates
NJR
Bank revolving credit facility (1)	$	650,000		$	650,000		September 2027
Notes outstanding at end of period	$	202,650		$	200,150
Weighted average interest rate at end of period	5.54		%	3.97		%
Amount available at end of period (2)	$	427,677		$	440,177
Bank term loan credit agreement	$	150,000		$	150,000		February 2023
Loans outstanding at end of period	$	150,000		$	150,000
Weighted average interest rate at end of period	5.17		%	3.81		%
Amount available at end of period	$	—		$	—
NJNG
Bank revolving credit facility (3)	$	250,000		$	250,000		September 2027
Commercial paper and notes outstanding at end of period	$	111,800		$	73,800
Weighted average interest rate at end of period	4.60		%	3.34		%
Amount available at end of period (4)	$	137,469		$	175,469

(1)Committed credit facilities, which require commitment fees of 0.10 percent on the unused amounts.

(2)Letters of credit outstanding total $19.7 million at December 31, 2022 and $9.7 million at September 30, 2022, which reduces the amount available by the same amount.

(3)Committed credit facilities, which require commitment fees of 0.075 percent on the unused amounts.

(4)Letters of credit outstanding total $731,000 at both December 31, 2022 and September 30, 2022, which reduces the amount available by the same amount.