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DEBT (Tables) | 12 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table presents the long-term debt of the Company as of September 30:
(Thousands) | 2016 | 2015
NJNG |  |  |
First mortgage bonds: | Maturity date: |  |
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 |
3.58% | Series QQ | March 13, 2024 | 70,000 |  | 70,000 |
4.61% | Series RR | March 13, 2044 | 55,000 |  | 55,000 |
2.82% | Series SS | April 15, 2025 | 50,000 |  | 50,000 |
3.66% | Series TT | April 15, 2045 | 100,000 |  | 100,000 |
3.63% | Series UU | June 21, 2046 | 125,000 |  | — |
Capital lease obligation-buildings | June 1, 2021 | 14,262 |  | 16,700 |
Capital lease obligation-meters | Various dates | 27,895 |  | 30,188 |
Less: Current maturities of long-term debt |  | (11,452 | ) | (11,138 | )
Total NJNG long-term debt | 738,550 |  | 618,595 |
NJR |  |  |
6.05% | Unsecured senior notes | September 24, 2017 | 50,000 |  | 50,000 |
2.51% | Unsecured senior notes | September 17, 2018 | 25,000 |  | 25,000 |
3.25% | Unsecured senior notes | September 17, 2022 | 50,000 |  | 50,000 |
3.48% | Unsecured senior notes | November 7, 2024 | 100,000 |  | 100,000 |
3.20% | Unsecured senior notes | August 18, 2023 | 50,000 |  | — |
3.54% | Unsecured senior notes | August 18, 2026 | 100,000 |  | — |
Less: Current maturities of long-term debt |  | (50,000 | ) | — |
Total NJR long-term debt | 325,000 |  | 225,000 |
Total long-term debt | $ | 1,063,550 |  | $ | 843,595 |
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
2017 | $ | — |  | $ | 50.0 |
2018 | $ | 125.0 |  | $ | 25.0 |
2019 | $ | — |  | $ | — |
2020 | $ | — |  | $ | — |
2021 | $ | — |  | $ | — |
Thereafter | $ | 582.8 |  | $ | 300.0 |
Schedule of Contractual Commitments for Capital Lease Payments | Contractual commitments for capital lease payments, as of the fiscal years ended September 30, are as follows:
(Millions) | Lease Payments |
2017 |  | $ | 13.2 |
2018 |  | 11.3 |
2019 |  | 8.5 |
2020 |  | 7.7 |
2021 |  | 4.7 |
Thereafter |  | 1.5 |
Subtotal |  | 46.9 |
Less: Interest component |  | (4.7 | )
Total |  | $ | 42.2 |
Summary of Short-Term Bank Facilities | A summary of NJR’s and NJNG’s short-term bank facilities as of September 30, are as follows:
(Thousands) | 2016 |  | 2015
NJR |  |  |
Bank revolving credit facilities: (1) | $ | 425,000 |  |  | $ | 425,000 |
Notes outstanding at end of period | $ | 121,700 |  |  | $ | 39,350 |
Weighted average interest rate at end of period | 1.43 | % |  | 1.17 | %
Amount available at end of period (2) | $ | 288,910 |  |  | $ | 369,176 |
Bank revolving credit facilities: (3) | $ | — |  |  | $ | 100,000 |
Amount available at end of period | $ | — |  |  | $ | 100,000 |
NJNG |  |  |
Bank revolving credit facilities: (4) | $ | 250,000 |  |  | $ | 250,000 |
Commercial paper outstanding at end of period | $ | — |  |  | $ | 27,000 |
Weighted average interest rate at end of period | — | % |  | 0.20 | %
Amount available at end of period (5) | $ | 249,269 |  |  | $ | 222,269 |
(1) | Committed credit facilities, which require commitment fees of .075 percent on the unused amounts.
(2) | Letters of credit outstanding total $14.4 million and $16.5 million as of September 30, 2016 and 2015, respectively, which reduces amount available by the same amount.
(3) | Uncommitted credit facilities, which require no commitment fees.
(4) | Committed credit facilities, which require commitment fees of .075 percent on the unused amounts.
(5) | Letters of credit outstanding total $731,000 as of September 30, 2016 and 2015, which reduces amount available by the same amount.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: 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(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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- Definition Tabular disclosure of leases entered into in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller was accounted for as an operating or capital lease. If the sale of the asset(s) did not meet the requirements to be accounted for as a sale whether the transaction was accounted for using the deposit method or as a financing. Disclosure may also include a description of the terms of the sale-leaseback transaction, including future commitments, obligations, provisions, or circumstances that require or result in the seller-lessee's continuing involvement. For leasing transactions involving "Special Purpose Entities"', disclosure may include a general description of the significant terms of the leasing arrangement including renewal or purchase options, escalation clauses, obligations with respect to refinancing of the lessor's debt, significant penalties and the provisions of any significant guarantees, such as residual value guarantees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6456341&loc=d3e50796-112755 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6456377&loc=d3e50824-112756 + Details
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