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DEBT (Tables)
 12 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents the long-term debt of the Company as of September 30:
(Thousands)
2014
2013
NJNG
 
 
 
First mortgage bonds:
Maturity date:
 
 
5.00%
Series HH
December 1, 2038
$
—

$
12,000

4.50%
Series II
August 1, 2023
10,300

10,300

4.60%
Series JJ
August 1, 2024
10,500

10,500

4.90%
Series KK
October 1, 2040
15,000

15,000

5.60%
Series LL
May 15, 2018
125,000

125,000

Variable
Series MM
September 1, 2027
9,545

9,545

Variable
Series NN
August 1, 2035
41,000

41,000

Variable
Series OO
August 1, 2041
46,500

46,500

3.15%
Series PP
April 15, 2028
50,000

50,000

4.77%
Unsecured senior notes
March 15, 2014
—

60,000

3.58%
Series QQ
March 13, 2024
70,000

—

4.61%
Series RR
March 13, 2044
55,000

—

Capital lease obligation-buildings
June 1, 2021
18,726

20,381

Capital lease obligation-meters
Various dates
31,143

31,261

Capital lease obligation-equipment
December 1, 2013
—

42

Less: Current maturities of long-term debt
 
(9,505
)
(68,643
)
Total NJNG long-term debt
473,209

362,886

NJR
 
 
 
6.05%
Unsecured senior notes
September 24, 2017
50,000

50,000

1.94%
Unsecured senior notes
September 17, 2015
25,000

25,000

2.51%
Unsecured senior notes
September 17, 2018
25,000

25,000

3.25%
Unsecured senior notes
September 17, 2022
50,000

50,000

Less: Current maturities of long-term debt
 
(25,000
)
—

Total NJR long-term debt
125,000

150,000

Total long-term debt
$
598,209

$
512,886
Schedule of Long-term Debt Redemption Requirements
Annual long-term debt redemption requirements, excluding capital leases, as of September 30, are as follows:
(Millions)
NJNG
NJR
2015
$
—

$
25.0

2016
$
—

$
—

2017
$
—

$
50.0

2018
$
125.0

$
25.0

2019
$
—

$
—

Thereafter
$
307.8

$
50.0
Schedule of Sale Leaseback Transactions
Contractual commitments for capital lease payments, as of the fiscal years ended September 30, are as follows:
(Millions)
Lease Payments
2015
 
$
11.9

2016
 
12.1

2017
 
11.0

2018
 
9.1

2019
 
6.3

Thereafter
 
7.6

Subtotal
 
58.0

Less: interest component
 
(8.1
)
Total
 
$
49.9
Schedule of Line of Credit Facilities

A summary of NJR's and NJNG's short-term bank facilities as of September 30, are as follows:
(Thousands)
2014
 
2013
NJR
 
 
 
Bank revolving credit facilities (1)
$
425,000

 
$
325,000

Notes outstanding at end of period
$
148,000

 
$
97,000

Weighted average interest rate at end of period
1.08
%
 
1.00
%
Amount available at end of period (2)
$
256,484

 
$
210,110

Bank term loan
$
—

 
$
100,000

Loan outstanding at end of period
$
—

 
$
100,000

Weighted average interest rate at end of period
—
%
 
0.74
%
Amount available at end of period
$
—

 
$
—

Bank letter of credit facility (3) (4)
$
—

 
$
10,000

NJNG
 
 
 
Bank credit facility dedicated to EDA Bonds (1) (4)
$
—

 
$
100,000

Bank revolving credit facilities (1)
$
250,000

 
$
250,000

Commercial paper outstanding at end of period
$
153,000

 
$
168,600

Weighted average interest rate at end of period
.12
%
 
.13
%
Amount available at end of period (5)
$
96,269

 
$
81,400

(1)
Committed credit facilities, which require commitment fees on the unused amounts.
(2)
Letters of credit outstanding total $20.5 million and $17.9 million as of September 30, 2014 and 2013, respectively, which reduces amount available by the same amount.
(3)
Uncommitted, expired on June 5, 2014.
(4)
There were no borrowings outstanding as of September 30, 2014 and 2013, respectively.
(5)
Letters of credit outstanding total $731,000 and $266,000 as of September 30, 2014 and 2013, respectively, which reduces amount available by the same amount.