REGULATION (Tables)

12 Months Ended

Sep. 30, 2015

Regulatory assets and liabilities included on the Consolidated Balance Sheets as of September 30, are comprised of the following:



(Thousands)	2015		2014
Regulatory assets-current
New Jersey Clean Energy Program	$	14,293	$	14,285
Underrecovered gas costs	—		12,577
Derivatives at fair value, net	9,965		—
Total current regulatory assets	$	24,258	$	26,862
Regulatory assets-noncurrent
Environmental remediation costs
Expended, net of recoveries	$	18,886	$	30,916
Liability for future expenditures	180,400		177,000
Deferred income taxes	17,460		9,968
Derivatives at fair value, net	5,153		—
SAVEGREEN	26,882		29,180
Postemployment and other benefit costs	140,636		108,507
Deferred Superstorm Sandy costs	15,201		15,207
Other noncurrent regulatory assets	5,537		6,797
Total noncurrent regulatory assets	$	410,155	$	377,575
Regulatory liability-current
Conservation Incentive Program	$	5,167	$	5,752
Overrecovered gas costs	6,987		—
Derivatives at fair value, net	—		320
Total current regulatory liabilities	$	12,154	$	6,072
Regulatory liabilities-noncurrent
Cost of removal obligation	$	54,880	$	61,163
Derivatives at fair value, net	—		57
New Jersey Clean Energy Program	11,956		—
Other noncurrent regulatory liabilities	697		106
Total noncurrent regulatory liabilities	$	67,533	$	61,326

Regulatory assets and liabilities included on the Consolidated Balance Sheets as of September 30, are comprised of the following:



(Thousands)	2015		2014
Regulatory assets-current
New Jersey Clean Energy Program	$	14,293	$	14,285
Underrecovered gas costs	—		12,577
Derivatives at fair value, net	9,965		—
Total current regulatory assets	$	24,258	$	26,862
Regulatory assets-noncurrent
Environmental remediation costs
Expended, net of recoveries	$	18,886	$	30,916
Liability for future expenditures	180,400		177,000
Deferred income taxes	17,460		9,968
Derivatives at fair value, net	5,153		—
SAVEGREEN	26,882		29,180
Postemployment and other benefit costs	140,636		108,507
Deferred Superstorm Sandy costs	15,201		15,207
Other noncurrent regulatory assets	5,537		6,797
Total noncurrent regulatory assets	$	410,155	$	377,575
Regulatory liability-current
Conservation Incentive Program	$	5,167	$	5,752
Overrecovered gas costs	6,987		—
Derivatives at fair value, net	—		320
Total current regulatory liabilities	$	12,154	$	6,072
Regulatory liabilities-noncurrent
Cost of removal obligation	$	54,880	$	61,163
Derivatives at fair value, net	—		57
New Jersey Clean Energy Program	11,956		—
Other noncurrent regulatory liabilities	697		106
Total noncurrent regulatory liabilities	$	67,533	$	61,326