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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Summary of Gas in Storage
The following table summarizes gas in storage, at average cost by company as of:
 
December 31,
2015
September 30,
2015
($ in thousands)
Gas in Storage
 
Bcf
Gas in Storage
 
Bcf
NJRES
 
$
119,401

62.0

 
$
93,696

44.6

NJNG
 
70,506

23.0

 
70,209

21.4

Total
 
$
189,907

85.0

 
$
163,905

66.0
Accounts Receivable by Subsidiary
Customer accounts receivable include outstanding billings from the following subsidiaries as of:
(Thousands)
December 31,
2015
 
September 30,
2015
NJRES
$
113,332

67
%
 
$
107,461

69
%
NJNG (1)
49,664

29

 
41,130

26

NJRCEV
1,471

1

 
1,084

1

NJRHS and other
4,262

3

 
5,598

4

Total
$
168,729

100
%
 
$
155,273

100
%
(1)
Does not include unbilled revenues of $19.9 million and $6.4 million as of December 31, 2015 and September 30, 2015, respectively.
Schedule of Retrospective Application of New Accounting Standard
In November 2015, the FASB issued ASU 2015-17, an amendment to ASC 740, Income Taxes, to simplify the balance sheet presentation of deferred income taxes. The update requires entities to present all deferred tax assets and liabilities as noncurrent. The Company elected to early adopt the amended guidance effective October 1, 2015, and applied the new provisions retrospectively. Accordingly, the following amounts on the Unaudited Condensed Consolidated Balance Sheets, as of September 30, 2015, have been adjusted:
(Thousands)
As Previously Reported
 
Effect of Change
 
As Adjusted
Assets
 
 
 
 
 
Deferred taxes (current)
$
56,296

 
$
(56,296
)
 
$
—

Total current assets
$
544,511

 
$
(56,296
)
 
$
488,215

Other noncurrent assets
$
60,300

 
$
1,615

 
$
61,915

Total noncurrent assets
$
666,266

 
$
1,615

 
$
667,881

Total assets
$
3,339,038

 
$
(54,681
)
 
$
3,284,357

Capitalization and Liabilities
 
 
 
 
 
Deferred income taxes
$
499,616

 
$
(54,681
)
 
$
444,935

Total noncurrent liabilities
$
952,387

 
$
(54,681
)
 
$
897,706

Total capitalization and liabilities
$
3,339,038

 
$
(54,681
)
 
$
3,284,357