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DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding derivative contracts As of September 30, 2019, SJI and SJG had outstanding derivative contracts as follows: 
SJI ConsolidatedSJG
Derivative contracts intended to limit exposure to market risk to:
    Expected future purchases of natural gas (in MMdts)112.8  42.1  
    Expected future sales of natural gas (in MMdts)116.8  29.6  
    Expected future purchases of electricity (in MMmWh)0.8  —  
    Expected future sales of electricity (in MMmWh)0.7  —  
Basis and Index related net purchase (sale) contracts (in MMdts)32.1  0.1  
Schedule of notional amounts of outstanding derivative positions
As of September 30, 2019, SJI’s active interest rate swaps were as follows:

Notional AmountFixed Interest RateStart DateMaturityObligor
$20,000,000  3.049%  3/15/20173/15/2027SJI
$20,000,000  3.049%  3/15/20173/15/2027SJI
$10,000,000  3.049%  3/15/20173/15/2027SJI
$12,500,000  3.530%  12/1/20062/1/2036SJG
$12,500,000  3.430%  12/1/20062/1/2036SJG
Fair value of derivative instruments
The fair values of all derivative instruments, as reflected in the condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018, are as follows (in thousands):

SJI (includes SJG and all other consolidated subsidiaries):
Derivatives not designated as hedging instruments under GAAPSeptember 30, 2019December 31, 2018
 AssetsLiabilitiesAssetsLiabilities
Energy-related commodity contracts:    
Derivatives - Energy Related - Current$46,708  $40,653  $54,021  $24,134  
Derivatives - Energy Related - Non-Current9,606  7,812  7,169  7,256  
Interest rate contracts:    
Derivatives - Other - Current—  1,352  —  588  
Derivatives - Other - Noncurrent—  13,621  —  7,285  
Total derivatives not designated as hedging instruments under GAAP$56,314  $63,438  $61,190  $39,263  
Total Derivatives$56,314  $63,438  $61,190  $39,263  


SJG:
Derivatives not designated as hedging instruments under GAAPSeptember 30, 2019December 31, 2018
AssetsLiabilitiesAssetsLiabilities
Energy-related commodity contracts:    
Derivatives – Energy Related – Current$13,878  $7,742  $5,464  $2,146  
Derivatives – Energy Related – Non-Current15  244  15  43  
Interest rate contracts:  
Derivatives – Other - Current—  551  —  343  
Derivatives – Other - Noncurrent—  8,445  —  5,524  
Total derivatives not designated as hedging instruments under GAAP$13,893  $16,982  $5,479  $8,056  
Total Derivatives$13,893  $16,982  $5,479  $8,056  
Offsetting assets
As of September 30, 2019 and December 31, 2018, information related to these offsetting arrangements were as follows (in thousands):
As of September 30, 2019
DescriptionGross amounts of recognized assets/liabilitiesGross amount offset in the balance sheetNet amounts of assets/liabilities in balance sheetGross amounts not offset in the balance sheetNet amount
Financial InstrumentsCash Collateral Posted
SJI (includes SJG and all other consolidated subsidiaries):
Derivatives - Energy Related Assets$56,314  $—  $56,314  $(35,430) (A) $—  $20,884  
Derivatives - Energy Related Liabilities$(48,465) $—  $(48,465) $35,430  (B) $7,814  $(5,221) 
Derivatives - Other$(14,973) $—  $(14,973) $—  $—  $(14,973) 
SJG:
Derivatives - Energy Related Assets$13,893  $—  $13,893  $(4,929) (A) $—  $8,964  
Derivatives - Energy Related Liabilities$(7,986) $—  $(7,986) $4,929  (B) $995  $(2,062) 
Derivatives - Other$(8,996) $—  $(8,996) $—  $—  $(8,996) 

As of December 31, 2018
DescriptionGross amounts of recognized assets/liabilitiesGross amount offset in the balance sheetNet amounts of assets/liabilities in balance sheetGross amounts not offset in the balance sheetNet amount
Financial InstrumentsCash Collateral Posted
SJI (includes SJG and all other consolidated subsidiaries):
Derivatives - Energy Related Assets$61,190  $—  $61,190  $(21,045) (A) $(7,252) $32,893  
Derivatives - Energy Related Liabilities$(31,390) $—  $(31,390) $21,045  (B) $—  $(10,345) 
Derivatives - Other$(7,873) $—  $(7,873) $—  $—  $(7,873) 
SJG:
Derivatives - Energy Related Assets$5,479  $—  $5,479  $(347) (A) $688  $5,820  
Derivatives - Energy Related Liabilities$(2,189) $—  $(2,189) $347  (B) $—  $(1,842) 
Derivatives - Other$(5,867) $—  $(5,867) $—  $—  $(5,867) 

(A) The balances at September 30, 2019 and December 31, 2018 were related to derivative liabilities which can be net settled against derivative assets.

(B) The balances at September 30, 2019 and December 31, 2018 were related to derivative assets which can be net settled against derivative liabilities.
Offsetting liabilities
As of September 30, 2019 and December 31, 2018, information related to these offsetting arrangements were as follows (in thousands):
As of September 30, 2019
DescriptionGross amounts of recognized assets/liabilitiesGross amount offset in the balance sheetNet amounts of assets/liabilities in balance sheetGross amounts not offset in the balance sheetNet amount
Financial InstrumentsCash Collateral Posted
SJI (includes SJG and all other consolidated subsidiaries):
Derivatives - Energy Related Assets$56,314  $—  $56,314  $(35,430) (A) $—  $20,884  
Derivatives - Energy Related Liabilities$(48,465) $—  $(48,465) $35,430  (B) $7,814  $(5,221) 
Derivatives - Other$(14,973) $—  $(14,973) $—  $—  $(14,973) 
SJG:
Derivatives - Energy Related Assets$13,893  $—  $13,893  $(4,929) (A) $—  $8,964  
Derivatives - Energy Related Liabilities$(7,986) $—  $(7,986) $4,929  (B) $995  $(2,062) 
Derivatives - Other$(8,996) $—  $(8,996) $—  $—  $(8,996) 

As of December 31, 2018
DescriptionGross amounts of recognized assets/liabilitiesGross amount offset in the balance sheetNet amounts of assets/liabilities in balance sheetGross amounts not offset in the balance sheetNet amount
Financial InstrumentsCash Collateral Posted
SJI (includes SJG and all other consolidated subsidiaries):
Derivatives - Energy Related Assets$61,190  $—  $61,190  $(21,045) (A) $(7,252) $32,893  
Derivatives - Energy Related Liabilities$(31,390) $—  $(31,390) $21,045  (B) $—  $(10,345) 
Derivatives - Other$(7,873) $—  $(7,873) $—  $—  $(7,873) 
SJG:
Derivatives - Energy Related Assets$5,479  $—  $5,479  $(347) (A) $688  $5,820  
Derivatives - Energy Related Liabilities$(2,189) $—  $(2,189) $347  (B) $—  $(1,842) 
Derivatives - Other$(5,867) $—  $(5,867) $—  $—  $(5,867) 

(A) The balances at September 30, 2019 and December 31, 2018 were related to derivative liabilities which can be net settled against derivative assets.

(B) The balances at September 30, 2019 and December 31, 2018 were related to derivative assets which can be net settled against derivative liabilities.
Derivatives in cash flow hedging relationships The effect of derivative instruments on the condensed consolidated statements of income for the three and nine months ended September 30, 2019 and 2018 are as follows (in thousands):
 Three Months Ended
September 30,		Nine Months Ended
September 30,
Derivatives in Cash Flow Hedging Relationships under GAAP2019201820192018
SJI (includes SJG and all other consolidated subsidiaries):
Interest Rate Contracts:  
Losses reclassified from AOCL into income (a)$(12) $(11) $(35) $(35) 
SJG:
Interest Rate Contracts:
Losses reclassified from AOCL into income (a)$(12) $(11) (35) (35) 

(a) Included in Interest Charges

 Three Months Ended
September 30,		Nine Months Ended
September 30,
Derivatives Not Designated as Hedging Instruments under GAAP2019201820192018
SJI (includes SJG and all other consolidated subsidiaries):
(Losses) Gains on energy-related commodity contracts (a)$(6,187) $(11,225) $(18,390) $5,950  
(Losses) Gains on interest rate contracts (b)(1,137) 673  (3,972) 2,921  
Total$(7,324) $(10,552) $(22,362) $8,871  

(a)  Included in Operating Revenues - Nonutility
(b)  Included in Interest Charges