LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

Related Party Transaction [Line Items]

Schedule of Long-term Debt

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

		2017			2016
Long-Term Debt (A):
South Jersey Gas Company:
First Mortgage Bonds: (B)
4.657%	Series due 2017 (C)	—			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 (D)	50,000			50,000
3.03%	Series due 2024 (E)	35,000			35,000
3.63%	Series due 2025 (F)	7,273			8,182
4.84%	Series due 2026 (G)	15,000			15,000
4.93%	Series due 2026 (H)	45,000			45,000
4.03%	Series due 2027	45,000			45,000
4.01%	Series due 2030 (I)	50,000			50,000
4.23%	Series due 2030	30,000			30,000
3.74%	Series due 2032 (J)	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
3.00%	Series due 2047 (K)	200,000			—
Series A 2006 Bonds at variable rates due 2036 (L)		24,900			24,900
SJG Term Facility (M)		200,000			200,000
Total SJG Long-Term Debt Outstanding (S)		$	829,173		$	645,082
Less SJG Current Maturities		(63,809		)	(215,909		)
Total SJG Long-Term Debt (S)		$	765,364		$	429,173
Marina Energy LLC:  (N)
Series A 2001 Bonds at variable rates due 2031		$	—		$	20,000
Series B 2001 Bonds at variable rates due 2021		—			25,000
Series A 2006 Bonds at variable rates due 2036		—			16,400
South Jersey Industries:
2.71%	Series B 2012 Notes due 2017 (O)	—			16,000
3.05%	Series due 2019	60,000			60,000
3.05%	Series due 2019	30,000			30,000
3.05%	Series due 2019	50,000			50,000
3.46%	Series C 2012 Notes due 2022	35,000			35,000
3.22%	Series due 2024 (P)	25,000			—
3.46%	Series due 2027 (P)	25,000			—
Series Notes at variable rates due 2019 (Q)		40,000			40,000
Series Notes at variable rates due 2019 (Q)		60,000			60,000
South Jersey Industries Term Loan at variable rates due 2020 (R)		50,000			50,000
Total SJI Consolidated Long-Term Debt Outstanding (S)		$	1,204,173		$	1,047,482
Less SJI Consolidated Current Maturities (all at SJG)		(63,809		)	(231,909		)
Total SJI Consolidated Long-Term Debt (S)		$	1,140,364		$	815,573

(A) Long-term debt maturities for SJI for the succeeding five years are as follows (in thousands): 2018: $63,809; 2019: $458,909; 2020: $67,909; 2021: $27,909; and 2022: $66,084. Long-term debt maturities for SJG for the succeeding five years are as follows (in thousands): 2018: $63,809; 2019: $218,909; 2020: $17,909; 2021: $27,909; and 2022: $31,084.

(B) In January 2017, SJG entered into a Supplemental Indenture Amending and Restating First Mortgage Indenture (the “New Mortgage”), which amended and restated in its entirety that Indenture of Mortgage dated October 1, 1947. The New Mortgage provides for the issuance by SJG of bonds, notes or other securities that are secured by a lien on substantially all of the operating properties and franchises of SJG.

(C) In July 2017, SJG redeemed at maturity $15.0 million of 4.657% Medium Term Notes (MTN's).

(D) SJG has $50.0 million of 3.00% MTN's, with $10.0 million due annually beginning September 2020 with the final payment due September 2024.

(E) SJG has $35.0 million of 3.03% MTN's, with $7.0 million due annually beginning November 2020 with the final payment due November 2024.

(F) SJG pays $0.9 million annually toward the principal amount of 3.63% MTN's, with the final payment to be made December 2025. As such, $0.9 million of the total outstanding amount on this debt is classified in current portion of long-term debt on the consolidated balance sheets as it is due within one year.

(G) SJG has $15.0 million of 4.84% MTN's, with $2.5 million due annually beginning March 2021 with the final payment due March 2026.

(H) SJG has $45.0 million of 4.93% MTN's, with $7.5 million due annually beginning June 2021 with the final payment due June 2026.

(I) SJG has $50.0 million of 4.01% MTN's with several due dates, as follows: $8.0 million each due November 2018 and 2019; $2.0 million due November 2025; $3.0 million due November 2026; $8.0 million due November 2027; and $7.0 million each due November 2028, 2029 and 2030.

(J) SJG has $35.0 million of 3.74% MTN's, with $3.175 million due annually beginning April 2022 with final payment due April 2032.

(K) In January 2017, SJG issued $200.0 million aggregate principal amount of MTN's, Series E, 2017, due January 2047, with principal repayments beginning in 2025. The MTN's bear interest at an annual rate of 3.0% payable semiannually. Proceeds were used to pay down the $200.0 million multiple-draw term facility referenced in (M) below, which was set to expire in June 2017.

(L) These variable rate demand bonds bear interest at a floating rate that resets weekly. The interest rate as of December 31, 2017 was 1.66%. Liquidity support on these bonds is provided under a separate letter of credit facility that expires in August 2018; as such, these bonds are recorded in current portion of long-term debt on the consolidated balance sheets. These bonds contain no financial covenants.

(M) SJG had a $200.0 million multiple-draw term facility offered by a syndicate of banks which was set to expire in June 2017. The total amount outstanding under this facility at December 31, 2016 was $200.0 million, which was classified in current portion of long-term debt on the consolidated balance sheets as it was due within one year. This facility bore interest at a floating rate based on LIBOR plus a spread determined by SJG's credit ratings. In January 2017, this facility was paid down using the $200.0 million MTN's referenced in (K) above. In January 2017, SJG entered into an unsecured, $200.0 million multiple-draw term loan credit agreement ("Credit Agreement"), which is syndicated among seven banks. Term loans under the Credit Agreement bear interest at a variable base rate or a variable LIBOR rate, at SJG's election. Under the Credit Agreement, SJG can borrow up to an aggregate of $200.0 million until July 2018, of which SJG borrowed $200.0 million during 2017. All loans under the Credit Agreement become due in January 2019.

(N) In May 2017, Marina voluntarily redeemed bonds issued by the New Jersey Economic Development Authority (NJEDA) in an aggregate principal amount of $61.4 million, as follows:  Thermal Energy Facilities Revenue Bonds (Marina Energy LLC - 2001 Project) Series A ($20.0 million); Thermal Energy Facilities Federally Taxable Revenue Bonds (Marina Energy LLC - 2001 Project) Series B ($25.0 million); and Thermal Energy Facilities Revenue Bonds (Marina Energy LLC Project) Series 2006A ($16.4 million).  In connection with the redemptions, separate related letter of credit reimbursement agreements were terminated (see Note 15).

(O) In June 2017, SJI redeemed at maturity $16.0 million of 2.71% Senior Unsecured Notes.

(P) In August 2017, SJI entered into a note purchase agreement that provides for the issuance of an aggregate of $100.0 million of MTNs. Pursuant to the agreement, SJI issued $50.0 million aggregate principal amount of MTNs, consisting of (a) $25.0 million aggregate principal amount of 3.22% Senior Notes, Series 2017A-1, due August 2024, and (b) $25.0 million aggregate principal amount of 3.46% Senior Notes, Series 2017B-1, due August 2027. SJI issued the remaining $50.0 million of MTNs in January 2018 (see Note 19).

(Q) At December 31, 2017, the floating rate on these Senior Notes was 3.01%.

(R) At December 31, 2017, the floating rate on this Term Loan was 2.29%.

(S) Total SJI consolidated Long-Term Debt in the table above does not include unamortized debt issuance costs of $17.4 million and $7.6 million for the years ended December 31, 2017 and 2016, respectively. Total SJG Long-Term Debt in the table above does not include unamortized debt issuance costs of $7.3 million and $6.0 million for the years ended December 31, 2017 and 2016, respectively.

South Jersey Gas Company

Related Party Transaction [Line Items]

Schedule of Long-term Debt

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

		2017			2016
Long-Term Debt (A):
South Jersey Gas Company:
First Mortgage Bonds: (B)
4.657%	Series due 2017 (C)	—			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 (D)	50,000			50,000
3.03%	Series due 2024 (E)	35,000			35,000
3.63%	Series due 2025 (F)	7,273			8,182
4.84%	Series due 2026 (G)	15,000			15,000
4.93%	Series due 2026 (H)	45,000			45,000
4.03%	Series due 2027	45,000			45,000
4.01%	Series due 2030 (I)	50,000			50,000
4.23%	Series due 2030	30,000			30,000
3.74%	Series due 2032 (J)	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
3.00%	Series due 2047 (K)	200,000			—
Series A 2006 Bonds at variable rates due 2036 (L)		24,900			24,900
SJG Term Facility (M)		200,000			200,000
Total SJG Long-Term Debt Outstanding (S)		$	829,173		$	645,082
Less SJG Current Maturities		(63,809		)	(215,909		)
Total SJG Long-Term Debt (S)		$	765,364		$	429,173
Marina Energy LLC:  (N)
Series A 2001 Bonds at variable rates due 2031		$	—		$	20,000
Series B 2001 Bonds at variable rates due 2021		—			25,000
Series A 2006 Bonds at variable rates due 2036		—			16,400
South Jersey Industries:
2.71%	Series B 2012 Notes due 2017 (O)	—			16,000
3.05%	Series due 2019	60,000			60,000
3.05%	Series due 2019	30,000			30,000
3.05%	Series due 2019	50,000			50,000
3.46%	Series C 2012 Notes due 2022	35,000			35,000
3.22%	Series due 2024 (P)	25,000			—
3.46%	Series due 2027 (P)	25,000			—
Series Notes at variable rates due 2019 (Q)		40,000			40,000
Series Notes at variable rates due 2019 (Q)		60,000			60,000
South Jersey Industries Term Loan at variable rates due 2020 (R)		50,000			50,000
Total SJI Consolidated Long-Term Debt Outstanding (S)		$	1,204,173		$	1,047,482
Less SJI Consolidated Current Maturities (all at SJG)		(63,809		)	(231,909		)
Total SJI Consolidated Long-Term Debt (S)		$	1,140,364		$	815,573

(A) Long-term debt maturities for SJI for the succeeding five years are as follows (in thousands): 2018: $63,809; 2019: $458,909; 2020: $67,909; 2021: $27,909; and 2022: $66,084. Long-term debt maturities for SJG for the succeeding five years are as follows (in thousands): 2018: $63,809; 2019: $218,909; 2020: $17,909; 2021: $27,909; and 2022: $31,084.

(B) In January 2017, SJG entered into a Supplemental Indenture Amending and Restating First Mortgage Indenture (the “New Mortgage”), which amended and restated in its entirety that Indenture of Mortgage dated October 1, 1947. The New Mortgage provides for the issuance by SJG of bonds, notes or other securities that are secured by a lien on substantially all of the operating properties and franchises of SJG.

(C) In July 2017, SJG redeemed at maturity $15.0 million of 4.657% Medium Term Notes (MTN's).

(D) SJG has $50.0 million of 3.00% MTN's, with $10.0 million due annually beginning September 2020 with the final payment due September 2024.

(E) SJG has $35.0 million of 3.03% MTN's, with $7.0 million due annually beginning November 2020 with the final payment due November 2024.

(F) SJG pays $0.9 million annually toward the principal amount of 3.63% MTN's, with the final payment to be made December 2025. As such, $0.9 million of the total outstanding amount on this debt is classified in current portion of long-term debt on the consolidated balance sheets as it is due within one year.

(G) SJG has $15.0 million of 4.84% MTN's, with $2.5 million due annually beginning March 2021 with the final payment due March 2026.

(H) SJG has $45.0 million of 4.93% MTN's, with $7.5 million due annually beginning June 2021 with the final payment due June 2026.

(I) SJG has $50.0 million of 4.01% MTN's with several due dates, as follows: $8.0 million each due November 2018 and 2019; $2.0 million due November 2025; $3.0 million due November 2026; $8.0 million due November 2027; and $7.0 million each due November 2028, 2029 and 2030.

(J) SJG has $35.0 million of 3.74% MTN's, with $3.175 million due annually beginning April 2022 with final payment due April 2032.

(K) In January 2017, SJG issued $200.0 million aggregate principal amount of MTN's, Series E, 2017, due January 2047, with principal repayments beginning in 2025. The MTN's bear interest at an annual rate of 3.0% payable semiannually. Proceeds were used to pay down the $200.0 million multiple-draw term facility referenced in (M) below, which was set to expire in June 2017.

(L) These variable rate demand bonds bear interest at a floating rate that resets weekly. The interest rate as of December 31, 2017 was 1.66%. Liquidity support on these bonds is provided under a separate letter of credit facility that expires in August 2018; as such, these bonds are recorded in current portion of long-term debt on the consolidated balance sheets. These bonds contain no financial covenants.

(M) SJG had a $200.0 million multiple-draw term facility offered by a syndicate of banks which was set to expire in June 2017. The total amount outstanding under this facility at December 31, 2016 was $200.0 million, which was classified in current portion of long-term debt on the consolidated balance sheets as it was due within one year. This facility bore interest at a floating rate based on LIBOR plus a spread determined by SJG's credit ratings. In January 2017, this facility was paid down using the $200.0 million MTN's referenced in (K) above. In January 2017, SJG entered into an unsecured, $200.0 million multiple-draw term loan credit agreement ("Credit Agreement"), which is syndicated among seven banks. Term loans under the Credit Agreement bear interest at a variable base rate or a variable LIBOR rate, at SJG's election. Under the Credit Agreement, SJG can borrow up to an aggregate of $200.0 million until July 2018, of which SJG borrowed $200.0 million during 2017. All loans under the Credit Agreement become due in January 2019.

(N) In May 2017, Marina voluntarily redeemed bonds issued by the New Jersey Economic Development Authority (NJEDA) in an aggregate principal amount of $61.4 million, as follows:  Thermal Energy Facilities Revenue Bonds (Marina Energy LLC - 2001 Project) Series A ($20.0 million); Thermal Energy Facilities Federally Taxable Revenue Bonds (Marina Energy LLC - 2001 Project) Series B ($25.0 million); and Thermal Energy Facilities Revenue Bonds (Marina Energy LLC Project) Series 2006A ($16.4 million).  In connection with the redemptions, separate related letter of credit reimbursement agreements were terminated (see Note 15).

(O) In June 2017, SJI redeemed at maturity $16.0 million of 2.71% Senior Unsecured Notes.

(P) In August 2017, SJI entered into a note purchase agreement that provides for the issuance of an aggregate of $100.0 million of MTNs. Pursuant to the agreement, SJI issued $50.0 million aggregate principal amount of MTNs, consisting of (a) $25.0 million aggregate principal amount of 3.22% Senior Notes, Series 2017A-1, due August 2024, and (b) $25.0 million aggregate principal amount of 3.46% Senior Notes, Series 2017B-1, due August 2027. SJI issued the remaining $50.0 million of MTNs in January 2018 (see Note 19).

(Q) At December 31, 2017, the floating rate on these Senior Notes was 3.01%.

(R) At December 31, 2017, the floating rate on this Term Loan was 2.29%.

(S) Total SJI consolidated Long-Term Debt in the table above does not include unamortized debt issuance costs of $17.4 million and $7.6 million for the years ended December 31, 2017 and 2016, respectively. Total SJG Long-Term Debt in the table above does not include unamortized debt issuance costs of $7.3 million and $6.0 million for the years ended December 31, 2017 and 2016, respectively.