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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Schedule of Utility Inventory
The following table summarizes gas in storage by company as of September 30:
 
2014
2013
($ in thousands)
Gas in Storage
 
Bcf
Gas in Storage
 
Bcf
NJRES
 
$
191,250

56.5

 
$
209,498

62.3

NJNG
 
$
86,266

21.3

 
$
104,979

20.4

Total
 
$
277,516

77.8

 
$
314,477

82.7
Schedule of Demand Fees
The following table summarizes the demand charges, which are net of capacity releases, and are included as a component of gas purchases on the Consolidated Statements of Operations for the fiscal years ended September 30:
(Millions)
2014
2013
2012
NJRES
$
122.0

$
123.0

$
129.8

NJNG
92.0

92.1

86.7

Total
$
214.0

$
215.1

$
216.5
Schedule of Public Utilities Allowance for Funds Used During Construction Rate
Corresponding amounts for the debt component is recognized in interest expense and in other income for the equity component on the Consolidated Statements of Operations and include the following for the fiscal years ended September 30:
($ in thousands)
2014
2013
2012
AFUDC:
 
 
 
Debt
$
1,057

$
921

$
300

Equity
1,562

2,037

638

Total
$
2,619

$
2,958

$
938

Weighted average interest rate
3.30
%
1.05
%
1.47
%
Schedule of Sales Tax And Assessment
Sales tax and TEFA are collected from customers and presented in both operating revenues and operating expenses on the Consolidated Statements of Operations for the fiscal years ended September 30, as follows:
(Millions)
2014
2013
2012
Sales tax
$
47.4

$
44.4

$
32.3

TEFA (1)
1.4

5.0

6.0

Total
$
48.8

$
49.4

$
38.3

(1)
TEFA was phased out in January 2014.
Schedule of Property, Plant and Equipment
Property, plant and equipment was comprised of the following as of September 30:
(Thousands)
 
 
 
 
Property Classifications
Estimated Useful Lives
 
2014
2013
Distribution facilities
38 to 74 years
 
$
1,567,648

$
1,421,885

Transmission facilities
35 to 56 years
 
281,488

273,853

Storage facilities
34 to 47 years
 
41,669

41,687

Solar and wind property
20 to 25 years
 
376,065

232,409

All other property
5 to 35 years
 
66,673

85,321

Total property, plant and equipment
 
 
2,333,543

2,055,155

Accumulated depreciation and amortization
 
 
(449,433
)
(412,039
)
Property, plant and equipment, net
 
 
$
1,884,110

$
1,643,116
Summary of Accounts Receivable by Subsidiary
The following table summarizes customer accounts receivable by company as of September 30:
(Thousands)
2014
 
2013
NJRES
$
142,566

75
%
 
$
194,263

81
%
NJNG (1)
41,281

22

 
43,045

18

NJRCEV
594

—

 
293

—

NJRHS and other
5,529

3

 
2,680

1

Total
$
189,970

100
%
 
$
240,281

100
%
(1)
Does not include unbilled revenues of $7.2 million and $7.4 million as of September 30, 2014 and 2013, respectively.
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents the changes in the components of accumulated other comprehensive income, net of related tax effects as of September 30:
(Thousands)
Unrealized gain on available for sale securities
Net unrealized gain on derivatives
Adjustment to postemployment benefit obligation
Total
Balance as of September 30, 2012
$
4,921

 
$
51

 
$
(15,743
)
 
$
(10,771
)
Other comprehensive income, net of tax
 
 
 
 
 
 
 
Other comprehensive income (loss), before reclassifications, net of tax of $(485), $16, $(5,124), $(5,593)
703

 
(28
)
 
7,526

 
8,201

Amounts reclassified from accumulated other comprehensive income, net of tax of $155, $7, $(810), $(648)
(224
)
(1) 
(11
)
(2) 
1,184

(3) 
949

Net current-period other comprehensive income (loss), net of tax of $(330), $23, $(5,934), $(6,241)
479

 
(39
)
 
8,710

 
9,150

Balance at September 30, 2013
$
5,400

 
$
12

 
$
(7,033
)
 
$
(1,621
)
Other comprehensive income, net of tax
 
 
 
 
 
 
 
Other comprehensive (loss), before reclassifications, net of tax of $426 $159, $3,334, $3,919
(618
)
 
(273
)
 
(5,006
)
 
(5,897
)
Amounts reclassified from accumulated other comprehensive income, net of tax of $0, $(98), $(1,172), $(1,270)
—

(1) 
168

(2) 
1,756

(3) 
1,924

Net current-period other comprehensive income, net of tax of $426, $61, $2,162, $2,649
(618
)
 
(105
)
 
(3,250
)
 
(3,973
)
Balance at September 30, 2014
$
4,782

 
$
(93
)
 
$
(10,283
)
 
$
(5,594
)

(1)
Reclassified to other income in the Consolidated Statements of Operations.
(2)
Consists of realized losses related to foreign currency derivatives, which are reclassified to gas purchases in the Consolidated Statements of Operations.
(3)
Included in the computation of net periodic pension cost, a component of O&M expense in the Consolidated Statements of Operations.