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SEGMENTS OF BUSINESS
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
SEGMENTS OF BUSINESS SEGMENTS OF BUSINESS:
ASC 280, Segment Reporting, establishes standards for reporting information about operating segments and requires that a public business enterprise report financial and descriptive information about its reportable operating segments. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the CODM in deciding how to allocate resources and in assessing performance.

The operating segments reflect the financial information regularly evaluated by the CODM, which for SJI is the Company's Chief Executive Officer.

The operating segments are as follows:

SJG utility operations consist primarily of natural gas distribution to residential, commercial and industrial customers in southern New Jersey.
ETG utility operations consist primarily of natural gas distribution to residential, commercial and industrial customers in northern and central New Jersey.
Wholesale energy operations include the activities of SJRG and SJEX.
Retail services operations includes the activities of SJE, SJESP and SJEI, as well as our equity interest in Millennium.
Renewables consists of:
The Catamaran joint venture, which owns Annadale and Bronx Midco, along with a solar project in Massachusetts.
Solar-generation sites located in New Jersey.
The activities of ACLE, BCLE, SCLE and SXLE, which have all ceased operations.
Decarbonization consists of
SJI Renewables Energy Ventures, LLC, which includes our equity interest in REV, which is included in Equity in Earnings (Losses) of Affiliated Companies on the condensed consolidated statements of income.
SJI RNG Devco, LLC, which includes costs incurred to develop renewable natural gas operations at certain dairy farms along with the related development rights acquired in 2020, and the Red River joint venture that was formed in March 2022.
Midstream invests in infrastructure and other midstream projects, including an investment in PennEast for which development ceased in September 2021.
Corporate & Services segment includes costs related to financing, acquisitions and divestitures, and other unallocated costs.
Intersegment represents intercompany transactions among the above SJI consolidated entities.

SJI groups its utility businesses under its wholly-owned subsidiary SJIU. This group consists of gas utility operations of SJG and ETG. SJI groups its nonutility operations into separate categories: Energy Management; Energy Production; Midstream; and Corporate & Services. Energy Management includes wholesale energy and retail services. Energy Production includes renewables and decarbonization. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. See Note 1.

Information about SJI’s operations in different reportable operating segments is presented below (in thousands).
Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
Operating Revenues:  
SJI Utilities:
   SJG Utility Operations$122,602 $91,215 $444,865 $342,614 
   ETG Utility Operations61,342 53,481 237,578 211,026 
     Subtotal SJI Utilities183,944 144,696 682,443 553,640 
Energy Management:
     Wholesale Energy Operations323,479 159,755 650,976 421,665 
 Retail Services 1,771 4,126 3,840 8,022 
     Subtotal Energy Management 325,250 163,881 654,816 429,687 
Energy Production:
Renewables5,556 4,205 10,912 10,628 
Decarbonization— — — — 
Subtotal Energy Production5,556 4,205 10,912 10,628 
Corporate and Services15,262 12,046 31,696 25,839 
Subtotal530,012 324,828 1,379,867 1,019,794 
Intersegment Sales(18,581)(13,000)(43,858)(33,666)
Total Operating Revenues$511,431 $311,828 $1,336,009 $986,128 

Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
Operating (Loss) Income:  
SJI Utilities:
     SJG Utility Operations$14,826 $16,469 $140,528 $135,311 
     ETG Utility Operations2,501 2,867 61,785 60,887 
          Subtotal SJI Utilities17,327 19,336 202,313 196,198 
Energy Management:
     Wholesale Energy Operations(31,676)(7,167)(14,225)10,141 
Retail Services (81)134 1,098 (86)
     Subtotal Energy Management(31,757)(7,033)(13,127)10,055 
Energy Production:
Renewables1,592 433 1,012 3,133 
Decarbonization(313)(8)(758)(8)
  Subtotal Energy Production1,279 425 254 3,125 
Corporate and Services1,005 (1,119)(2,986)(941)
Total Operating (Loss) Income $(12,146)$11,609 $186,454 $208,437 
Three Months Ended
June 30,
Six Months Ended
June 30,
 2022202120222021
Property Additions:  
SJI Utilities:
     SJG Utility Operations$55,853 $68,551 $106,999 $121,960 
     ETG Utility Operations58,254 58,900 109,857 100,030 
          Subtotal SJI Utilities114,107 127,451 216,856 221,990 
Energy Management:
     Wholesale Energy Operations(34)(34)
Retail Services — — — 
     Subtotal Energy Management(34)(34)
Energy Production:
Renewables 5,374 17,214 10,857 17,987 
Decarbonization 21,795 1,038 39,116 1,874 
  Subtotal Energy Production27,169 18,252 49,973 19,861 
Midstream — — 
Corporate and Services802 1,614 2,320 2,358 
Total Property Additions$142,044 $147,323 $269,115 $244,219 
 June 30, 2022December 31, 2021
Identifiable Assets:  
SJI Utilities:
     SJG Utility Operations $3,807,073 $3,767,897 
     ETG Utility Operations 2,883,756 2,788,465 
          Subtotal SJI Utilities6,690,829 6,556,362 
Energy Management:
     Wholesale Energy Operations 347,868 278,995 
Retail Services 22,235 25,741 
      Subtotal Energy Management370,103 304,736 
Energy Production:
Renewables 195,445 195,791 
Decarbonization 251,555 138,787 
 Subtotal Energy Production447,000 334,578 
Midstream — 8,970 
Discontinued Operations 47 
Corporate and Services 409,333 370,899 
Intersegment Assets(256,668)(266,920)
Total Identifiable Assets$7,660,601 $7,308,672