LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Outstanding Long-Term Debt at December 31 consisted of the following:

			2014			2013
Long-Term Debt (A):
South Jersey Gas Company:
First Mortgage Bonds: (B)
4.52%		Series due 2014 (C)	—			11,000
5.115%		Series due 2014 (C)	—			10,000
5.387%		Series due 2015	10,000			10,000
5.437%		Series due 2016	10,000			10,000
4.6%		Series due 2016	17,000			17,000
4.657%		Series due 2017	15,000			15,000
7.97%		Series due 2018	10,000			10,000
7.125%		Series due 2018	20,000			20,000
5.587%		Series due 2019	10,000			10,000
3.00%		Series due 2024	50,000			50,000
3.03%		Series due 2024	35,000			35,000
3.63%		Series due 2025	10,000			10,000
4.84%		Series due 2026	15,000			15,000
4.93%		Series due 2026	45,000			45,000
4.03%		Series due 2027	45,000			45,000
4.01%		Series due 2030	50,000			50,000
4.23%		Series due 2030 (D)	30,000			—
3.74%		Series due 2032	35,000			35,000
5.55%		Series due 2033	32,000			32,000
6.213%		Series due 2034	10,000			10,000
5.45%		Series due 2035	10,000			10,000
Series A 2006 Bonds at variable rates due 2036 (E)			25,000			25,000
SJG Term Facility (F)			59,000			—
Marina Energy LLC:  (G)
Series A 2001 Bonds at variable rates due 2031			20,000			20,000
Series B 2001 Bonds at variable rates due 2021			25,000			25,000
Series A 2006 Bonds at variable rates due 2036			16,400			16,400
South Jersey Industries:
2.39	%	Series A 2012 Notes due 2015	64,000			64,000
2.71	%	Series B 2012 Notes due 2017	16,000			16,000
3.05	%	Series due 2019 (H)	60,000			—
3.05	%	Series due 2019 (H)	30,000			—
3.05	%	Series due 2019 (H)	50,000			—
3.46	%	Series C 2012 Notes due 2022	35,000			35,000
Series Notes at variable rates due 2019 (H)			40,000			—
Series Notes at variable rates due 2019 (H)			60,000			—
South Jersey Industries Term Loan at variable rates due 2015 (I)			50,000			50,000
Total Long-Term Debt Outstanding			1,009,400			701,400
Less Current Maturities			(149,909		)	(21,000		)
Total Long-Term Debt			$	859,491		$	680,400

(A) Long-term debt maturities and sinking funds requirements for the succeeding five years are as follows (in thousands): 2015, $149,909; 2016, $27,909; 2017, $90,909; 2018, $38,909; and 2019, $258,909.

(B) The First Mortgage dated October 1, 1947, as supplemented, securing the First Mortgage Bonds constitutes a direct first mortgage lien on substantially all utility plant.

(C) In July 2014, SJG retired $11.0 million aggregate principal amount of 4.52% MTN's at maturity. In September 2014, SJG retired $10.0 million aggregate principal amount of 5.115% MTN's at maturity.

(D) In January 2014, SJG issued $30.0 million aggregate principal amount of 4.23% Medium Term Notes due January 2030.

(E) These variable rate demand bonds bear interest at a floating rate that resets weekly. The interest rate as of December 31, 2014 was 0.08%. Liquidity support on these bonds is provided under a separate letter of credit facility that expires in August 2015; as such, these bonds have been included in the current portion of long-term debt on the consolidated balance sheets. These bonds contain no financial covenants.

(F) In June 2014, SJG entered into a $200.0 million multiple-draw term facility offered by a syndicate of banks which expires in June 2017. SJG can draw under this facility through June 2016 and this facility bears interest at a floating rate based on LIBOR plus a spread determined by SJG's credit ratings. As of December 31, 2014, SJG had borrowed an aggregate $59.0 million under this facility and the proceeds were used to pay down short-term debt.

(G) Marina has issued $61.4 million of unsecured variable-rate revenue bonds through the New Jersey Economic Development Authority (NJEDA). The variable rates at December 31, 2014 for the Series A 2001, Series B 2001, and Series A 2006 bonds were 0.08%, 0.16% and0.08% respectively. The interest rate on all but $39.0 million of the bonds has been effectively fixed via interest rate swaps at 4.22% until January 2026.  These bonds contain no financial covenants.  Liquidity support on these bonds is provided under a letter of credit facility from a commercial bank that expires in August, 2015.

(H) In June 2014, SJI entered into a Note Purchase Agreement that provided for SJI to issue an aggregate of $240.0 million of medium term notes, all of which were issued as follows:  (a) in June 2014, SJI issued $60.0 million aggregate principal amount of 3.05% Senior Notes due June 2019, and $40.0 million aggregate principal amount of Floating Rate Senior Notes due June 2019; (b) in August 2014, SJI issued $30.0 million aggregate principal amount of 3.05% Senior Notes due August 2019; and (c) in September 2014, SJI issued $50.0 million aggregate principal amount of 3.05% Senior Notes due September 2019, and $60.0 million aggregate principal amount of Floating Rate Senior Notes due September 2019. At December 31, 2014, the floating rate was 1.57%.

(I) In October 2013, SJI entered into an unsecured, variable-rate term loan of $50.0 million, which matures in October 2015. This agreement replaces existing facilities that were set to expire in November 2013. The variable rate at December 31, 2013 was 1.20%.