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SEGMENTS OF BUSINESS
9 Months Ended
Sep. 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 (loss)/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
September 30,
Nine Months Ended
September 30,
 2022202120222021
Operating Revenues:  
SJI Utilities:
   SJG Utility Operations$112,720 $69,958 $557,585 $412,572 
   ETG Utility Operations42,155 37,072 279,733 248,098 
     Subtotal SJI Utilities154,875 107,030 837,318 660,670 
Energy Management:
     Wholesale Energy Operations452,130 247,402 1,103,106 669,067 
 Retail Services 1,919 5,360 5,759 13,382 
     Subtotal Energy Management 454,049 252,762 1,108,865 682,449 
Energy Production:
Renewables7,409 7,352 18,321 17,980 
Decarbonization— — — — 
Subtotal Energy Production7,409 7,352 18,321 17,980 
Corporate and Services15,102 13,577 46,798 39,416 
Subtotal631,435 380,721 2,011,302 1,400,515 
Intersegment Sales(22,917)(15,090)(66,775)(48,756)
Total Operating Revenues$608,518 $365,631 $1,944,527 $1,351,759 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 2022202120222021
Operating (Loss) Income:  
SJI Utilities:
     SJG Utility Operations$(2,741)$(1,961)$137,787 $133,350 
     ETG Utility Operations(12,262)5,634 49,523 66,521 
          Subtotal SJI Utilities(15,003)3,673 187,310 199,871 
Energy Management:
     Wholesale Energy Operations21,551 (15,534)7,326 (5,393)
Retail Services 680 849 1,778 763 
     Subtotal Energy Management22,231 (14,685)9,104 (4,630)
Energy Production:
Renewables1,240 1,787 2,252 4,920 
Decarbonization(257)(63)(1,015)(71)
  Subtotal Energy Production983 1,724 1,237 4,849 
Corporate and Services(4,028)315 (7,014)(626)
Total Operating (Loss) Income $4,183 $(8,973)$190,637 $199,464 
Three Months Ended
September 30,
Nine Months Ended
September 30,
 2022202120222021
Property Additions:  
SJI Utilities:
     SJG Utility Operations$70,100 $64,988 $177,099 $186,948 
     ETG Utility Operations72,340 58,923 182,197 158,953 
          Subtotal SJI Utilities142,440 123,911 359,296 345,901 
Energy Management:
     Wholesale Energy Operations23 (11)
Retail Services — — — — 
     Subtotal Energy Management23 (11)
Energy Production:
Renewables 23,317 6,471 34,174 24,458 
Decarbonization 54,283 8,140 93,399 10,014 
  Subtotal Energy Production77,600 14,611 127,573 34,472 
Midstream — 11 — 19 
Corporate and Services1,242 747 3,562 3,105 
Total Property Additions$221,305 $139,284 $490,420 $383,503 
 September 30, 2022December 31, 2021
Identifiable Assets:  
SJI Utilities:
     SJG Utility Operations $3,857,493 $3,767,897 
     ETG Utility Operations 2,956,797 2,788,465 
          Subtotal SJI Utilities6,814,290 6,556,362 
Energy Management:
     Wholesale Energy Operations 400,963 278,995 
Retail Services 23,008 25,741 
      Subtotal Energy Management423,971 304,736 
Energy Production:
Renewables 222,895 195,791 
Decarbonization 306,816 138,787 
 Subtotal Energy Production529,711 334,578 
Midstream — 8,970 
Discontinued Operations 27 47 
Corporate and Services 508,817 370,899 
Intersegment Assets(358,868)(266,920)
Total Identifiable Assets$7,917,948 $7,308,672