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DEBT (Tables) | 12 Months Ended
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Sep. 30, 2017
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table presents the long-term debt of the Company as of September 30:
(Thousands) | 2017 | 2016
NJNG |  |  |
First mortgage bonds: | Maturity date: |  |
4.50% | Series II | August 1, 2023 | $ | — |  | $ | 10,300 |
4.60% | Series JJ | August 1, 2024 | — |  | 10,500 |
4.90% | Series KK | October 1, 2040 | — |  | 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 |  | 125,000 |
Capital lease obligation-buildings | June 1, 2021 | 11,617 |  | 14,262 |
Capital lease obligation-meters | Various dates | 28,042 |  | 27,895 |
Less: Debt issuance costs |  | (6,262 | ) | (7,659 | )
Less: Current maturities of long-term debt |  | (135,800 | ) | (11,452 | )
Total NJNG long-term debt | 569,642 |  | 730,891 |
NJR |  |  |
6.05% | Unsecured senior notes | September 24, 2017 | — |  | 50,000 |
2.51% | Unsecured senior notes | September 15, 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 |  | 50,000 |
3.54% | Unsecured senior notes | August 18, 2026 | 100,000 |  | 100,000 |
Variable | Term loan | August 16, 2019 | 100,000 |  | — |
Less: Debt issuance costs |  | (770 | ) | (853 | )
Less: Current maturities of long-term debt |  | (25,000 | ) | (50,000 | )
Total NJR long-term debt | 399,230 |  | 324,147 |
Clean Energy Ventures |  |
Solar asset financing obligation | Various dates | 32,790 |  | — |
Less: Current maturities of long-term debt | (4,582 | ) | — |
Total Clean Energy Ventures long-term debt | 28,208 |  | — |
Total long-term debt | $ | 997,080 |  | $ | 1,055,038 |
Schedule of Long-term Debt Redemption Requirements | Annual long-term debt redemption requirements, excluding capital leases, debt issuance costs and solar asset financing obligations, as of September 30, are as follows:
(Thousands) | NJNG | NJR
2018 | $ | 125,000 |  | $ | 25,000 |
2019 | $ | — |  | $ | 100,000 |
2020 | $ | — |  | $ | — |
2021 | $ | — |  | $ | — |
2022 | $ | — |  | $ | 50,000 |
Thereafter | $ | 547,045 |  | $ | 250,000 |
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:
(Thousands) | Lease Payments |
2018 |  | $ | 12,436 |
2019 |  | 9,675 |
2020 |  | 8,849 |
2021 |  | 5,862 |
2022 |  | 2,518 |
Thereafter |  | 4,914 |
Subtotal |  | 44,200 |
Less: Interest component |  | (4,494 | )
Total |  | $ | 39,700 |
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) | 2017 |  | 2016
NJR |  |  |
Bank revolving credit facilities: (1) | $ | 425,000 |  |  | $ | 425,000 |
Notes outstanding at end of period | $ | 255,000 |  |  | $ | 121,700 |
Weighted average interest rate at end of period | 2.14 | % |  | 1.43 | %
Amount available at end of period (2) | $ | 156,601 |  |  | $ | 288,910 |
NJNG |  |  |
Bank revolving credit facilities: (3) | $ | 250,000 |  |  | $ | 250,000 |
Commercial paper outstanding at end of period | $ | 11,000 |  |  | $ | — |
Weighted average interest rate at end of period | 1.13 | % |  | — | %
Amount available at end of period (4) | $ | 238,269 |  |  | $ | 249,269 |
(1) | Committed credit facilities, which require commitment fees of .075 percent on the unused amounts.
(2) | Letters of credit outstanding total $13.4 million and $14.4 million as of September 30, 2017 and 2016, respectively, which reduces amount available by the same amount.
(3) | Committed credit facilities, which require commitment fees of .075 percent on the unused amounts.
(4) | Letters of credit outstanding total $731,000 as of September 30, 2017 and 2016, which reduces amount available by the same amount.

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