XML 38 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
DEBT (Tables)
 3 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
A summary of NJR's credit facility and NJNG's commercial paper program and credit facility are as follows:
(Thousands)
December 31, 2013
 
September 30,
2013
 
Expiration Dates
NJR
 
 
 
 
 
Bank revolving credit facility (1)
$
325,000

 
$
325,000

 
August 2017
Notes outstanding at end of period
$
223,100

 
$
97,000

 
 
Weighted average interest rate at end of period
1.09
%
 
1.00
%
 
 
Amount available at end of period (2)
$
101,900

 
$
210,110

 
 
Bank term loan (3)
$
100,000

 
$
100,000

 
September 2014
Loan outstanding at end of period
$
100,000

 
$
100,000

 
 
Weighted average interest rate at end of period
0.72
%
 
0.74
%
 
 
Amount available at end of period
$
—

 
$
—

 
 
Bank letter of credit facility (3) (4)
$
10,000


$
10,000

 
June 2014
NJNG
 
 
 
 
 
Bank credit facility dedicated to EDA Bonds (1) (4)
$
100,000

 
$
100,000

 
August 2015
Bank revolving credit facility (1)
$
250,000

 
$
250,000

 
August 2014
Commercial paper outstanding at end of period
$
180,500

 
$
168,600

 
 
Weighted average interest rate at end of period
0.15
%
 
0.13
%
 
 
Amount available at end of period (5)
$
69,500

 
$
81,400

 
 
(1)
Committed credit facilities, which require commitment fees on the unused amounts.
(2)
Letters of credit outstanding total $19.8 million and $17.9 million as of December 31, 2013 and September 30, 2013, respectively, which reduces amount available by the same amount.
(3)
Uncommitted.
(4)
There were no borrowings outstanding as of December 31, 2013 and September 30, 2013, respectively.
(5)
Letters of credit outstanding total $731,000 and $266,000 as of December 31, 2013 and September 30, 2013, respectively, which reduces the amount available by the same amount.