XML 57 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
LINES OF CREDIT (Tables)
12 Months Ended
Dec. 31, 2016
Line of Credit Facility [Abstract]  
Summary of Credit Facilities and Available Liquidity
Credit facilities and available liquidity as of December 31, 2016 were as follows (in thousands):

Company

Total Facility

Usage

Available Liquidity

Expiration Date
 
SJG:

 

 

 

 
 
Commercial Paper Program/Revolving Credit Facility

$
200,000


$
105,100

(A)
$
94,900


May 2018
 
Uncommitted Bank Lines

10,000




10,000


August 2017
 












 
Total SJG

210,000


105,100


104,900


 
 












 
SJI:

 

 

 

 
 









 
Revolving Credit Facility

450,000


196,600

(B)
253,400


Various
(C)












 
Total SJI

450,000


196,600


253,400


 
 












 
Total

$
660,000


$
301,700


$
358,300


 
 

(A) Includes letters of credit outstanding in the amount of $0.8 million.

(B) Includes letters of credit outstanding in the amount of $4.8 million.

(C) In September 2016, the Company entered into an unsecured $50.0 million, 364-day revolving credit agreement. The agreement matures September 2017, at which time the principal and any accrued but unpaid interest must be paid. At the annual request of the Company, but on not more than two occasions, the credit agreement may be extended for an additional period of 364 days. The 364-day revolving facility bears interest at a variable base rate or a variable London Interbank Offered Rate (“LIBOR”), at the Company’s election.