REGULATORY ASSETS AND REGULATORY LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2022

Regulatory Assets and Liabilities Disclosure [Abstract]

Schedule of Regulatory Assets

The Utilities' Regulatory Assets as of June 30, 2022 and December 31, 2021 consisted of the following items (in thousands):

	June 30, 2022
	SJG		ETG		Total SJI
Environmental Remediation Costs:
Expended - Net	$	156,967	$	21,047	$	178,014
Liability for Future Expenditures	89,051		75,133		164,184
Deferred ARO Costs	50,848		37,022		87,870
Deferred Pension and Other Postretirement Benefit Costs - Unrecognized Prior Service Cost	—		29,250		29,250
Deferred Pension and Other Postretirement Benefit Costs	47,504		813		48,317
Deferred Gas Costs - Net	10,870		—		10,870
CIP Receivable	12,806		2,120		14,926
SBC Receivable (excluding RAC)	7,351		295		7,646
Deferred Interest Rate Contracts	4,351		—		4,351
EET/EEP	20,064		6,538		26,602
AFUDC - Equity Related Deferrals	12,571		—		12,571
WNC	—		64		64
Deferred COVID-19 Costs	9,361		15,755		25,116
Other Regulatory Assets	23,676		9,557		33,233
Total Regulatory Assets	$	445,420	$	197,594	$	643,014

	December 31, 2021
	SJG		ETG		Total SJI
Environmental Remediation Costs:
Expended - Net	$	151,630	$	13,972	$	165,602
Liability for Future Expenditures	97,964		77,830		175,794
Deferred ARO Costs	47,784		33,872		81,656
Deferred Pension and Other Postretirement Benefit Costs - Unrecognized Prior Service Cost	—		30,881		30,881
Deferred Pension and Other Postretirement Benefit Costs	47,504		813		48,317
Deferred Gas Costs - Net	38,234		—		38,234
CIP Receivable	17,776		2,955		20,731
SBC Receivable (excluding RAC)	7,519		—		7,519
Deferred Interest Rate Contracts	8,002		—		8,002
EET/EEP	20,632		5,199		25,831
AFUDC - Equity Related Deferrals	12,199		—		12,199
WNC	—		4,269		4,269
Deferred COVID-19 Costs	7,687		10,225		17,912
Other Regulatory Assets	25,814		9,655		35,469
Total Regulatory Assets	$	482,745	$	189,671	$	672,416

Schedule of Regulatory Liabilities

The Utilities' Regulatory Liabilities as of June 30, 2022 and December 31, 2021 consisted of the following items (in thousands):

	June 30, 2022
	SJG		ETG		Total SJI
Excess Plant Removal Costs	$	12,484	$	35,336	$	47,820
Excess Deferred Taxes	195,935		109,528		305,463
Deferred Gas Costs - Net	—		47,992		47,992
Other Regulatory Liabilities	5,403		2,264		7,667
Total Regulatory Liabilities	$	213,822	$	195,120	$	408,942

	December 31, 2021
	SJG		ETG		Total SJI
Excess Plant Removal Costs	$	12,125	$	33,988	$	46,113
Excess Deferred Taxes	206,902		111,003		317,905
Deferred Gas Costs - Net	—		28,842		28,842
Other Regulatory Liabilities	3,384		2,707		6,091
Total Regulatory Liabilities	$	222,411	$	176,540	$	398,951