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DEBT | 9 Months Ended
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Jun. 30, 2013
Debt Disclosure [Abstract] |
DEBT | DEBT NJR and NJNG finance working capital requirements and capital expenditures through the issuance of various long-term debt and other financing arrangements, including unsecured credit and private placement debt shelf facilities. Amounts available under credit facilities are reduced by bank or commercial paper borrowings, as applicable, and any outstanding letters of credit. Neither NJNG nor the results of its operations are obligated or pledged to support the NJR credit or debt shelf facilities. A summary of NJR's and NJNG's credit facilities are as follows:
(Thousands) | June 30, 2013 |  | September 30, 2012 |  | Maturity Dates
NJNG |  |  |  |  |
Bank credit facility dedicated to EDA Bonds (1) (2) (3) | $ | 100,000 |  |  | $ | 100,000 |  |  | August 2015
Bank revolving credit facility (1) | $ | 250,000 |  |  | $ | 200,000 |  |  | August 2014
Amount outstanding at end of period | $ | 96,000 |  |  | $ | 135,000 |  |  |
Weighted average interest rate at end of period | 0.15 | % |  | 0.18 | % |  |
Amount available at end of period | $ | 154,000 |  |  | $ | 65,000 |  |  |
NJR |  |  |  |  |
Bank revolving credit facility (1) | $ | 325,000 |  |  | $ | 325,000 |  |  | August 2017
Amount outstanding at end of period | $ | 200,900 |  |  | $ | 144,800 |  |  |
Weighted average interest rate at end of period | 1.12 | % |  | 1.16 | % |  |
Amount available at end of period (4) | $ | 107,710 |  |  | $ | 166,339 |  |  |
(1) | Committed credit facilities, which require commitment fees on the unused amounts.
(2) | There were no borrowings outstanding as of June 30, 2013 and September 30, 2012, respectively.
(3) | New Jersey Economic Development Authority (EDA) Bonds.
(4) | Letters of credit outstanding total $16.4 million and $13.9 million as of June 30, 2013 and September 30, 2012, respectively, which reduces amount available.
NJNG NJNG received $7.1 million and $6.5 million in December 2012 and 2011, respectively, in connection with the sale-leaseback of its natural gas meters. NJNG records a capital lease obligation that is paid over the term of the lease and has the option to purchase the meters back at fair value upon expiration of the lease. On October 4, 2012, the BPU approved a petition filed by NJNG requesting authorization over a three-year period to issue medium-term debt with a maturity of not more than 30 years, renew its revolving credit facility expiring August 2014, renew its credit facility supporting NJNG's obligations with respect to bonds issued by the New Jersey Economic Development Authority, enter into interest rate risk management transactions and increase the size of its meter leasing program on a permanent basis. On November 30, 2012, NJNG utilized the accordion option available under its committed revolving syndicated credit facility to increase the amount of credit available from $200 million to $250 million. On April 15, 2013, NJNG issued $50 million of 3.15 percent senior secured notes due April 15, 2028 (Notes) in the private placement market pursuant to a note purchase agreement entered into on February 8, 2013. Interest is payable on the Notes semi-annually. The proceeds from the Notes were used to refinance short-term debt and will fund capital expenditure requirements. NJR On May 12, 2011, NJR entered into an unsecured, uncommitted $100 million private placement shelf note agreement allowing NJR to issue senior notes during a two-year issuance period, which expired on May 10, 2013. As of June 30, 2013, under the terms of the agreement, NJR has $25 million of 1.94 percent senior notes due September 15, 2015, and $25 million of 2.51 percent senior notes due September 15, 2018 issued and outstanding. On June 30, 2011, NJR entered into an unsecured, uncommitted $75 million private placement shelf note agreement allowing NJR to issue senior notes during a three-year issuance period ending June 30, 2014. As of June 30, 2013, under the terms of the agreement, NJR has $50 million of 3.25 percent senior notes due September 17, 2022 issued and outstanding and $25 million remaining available for borrowing. On June 5, 2013, NJR entered into a new agreement permitting the issuance of stand-alone letters of credit for up to $10 million through June 5, 2014. No amounts have been drawn under this arrangement as of June 30, 2013.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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