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ASSET RETIREMENT OBLIGATIONS (ARO) | 12 Months Ended
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Sep. 30, 2013
Asset Retirement Obligation Disclosure [Abstract] |
ASSET RETIREMENT OBLIGATIONS | ASSET RETIREMENT OBLIGATIONS NJR recognizes AROs related to the costs associated with cutting and capping its main and service gas distribution pipelines of NJNG, which are required by New Jersey law when taking such gas distribution pipeline out of service. The following is an analysis of the change in the ARO liability for the fiscal year ended September 30:
(Thousands) | 2013 |  | 2012
Balance at October 1 | $ | 27,983 |  |  | $ | 27,026 |
Accretion | 1,892 |  |  | 1,774 |
Additions | 533 |  |  | 380 |
Retirements | (1,697 | ) |  | (1,197 | )
Balance at period end | $ | 28,711 |  |  | $ | 27,983 |
Accretion amounts are not reflected as an expense on NJR's Consolidated Statements of Operations, but rather are deferred as a regulatory asset and netted against NJNG's regulatory liabilities, for presentation purposes, on the Consolidated Balance Sheets. Accretion for the next five years is estimated to be as follows:
(Thousands) |  |  |
Fiscal Year Ended September 30, | Estimated Accretion
2014 |  | $ | 1,975 |  |
2015 |  | 2,037 |  |
2016 |  | 2,099 |  |
2017 |  | 2,152 |  |
2018 |  | 2,204 |  |
Total |  | $ | 10,467 |  |

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- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 + Details
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