REGULATION (Tables)

12 Months Ended

Sep. 30, 2017

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



(Thousands)	2017		2016
Regulatory assets-current
Conservation Incentive Program	$	17,669	$	36,957
New Jersey Clean Energy Program	14,202		14,232
Underrecovered gas costs	9,910		—
Derivatives at fair value, net	9,010		3,097
Total current regulatory assets	$	50,791	$	54,286
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries	$	28,547	$	19,595
Liability for future expenditures	149,000		172,000
Deferred income taxes	21,795		20,273
Derivatives at fair value, net	—		23,384
SAVEGREEN	16,302		25,208
Postemployment and other benefit costs	141,433		157,027
Deferred Superstorm Sandy costs	13,030		15,201
Other noncurrent regulatory assets	5,812		8,606
Total noncurrent regulatory assets	$	375,919	$	441,294
Regulatory liability-current
Derivatives at fair value, net	78		—
Overrecovered gas costs	—		9,469
Total current regulatory liabilities	$	78	$	9,469
Regulatory liabilities-noncurrent
Cost of removal obligation	$	7,902	$	30,549
New Jersey Clean Energy Program	5,795		10,657
Other noncurrent regulatory liabilities	664		205
Derivatives at fair value, net	146		—
Total noncurrent regulatory liabilities	$	14,507	$	41,411

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



(Thousands)	2017		2016
Regulatory assets-current
Conservation Incentive Program	$	17,669	$	36,957
New Jersey Clean Energy Program	14,202		14,232
Underrecovered gas costs	9,910		—
Derivatives at fair value, net	9,010		3,097
Total current regulatory assets	$	50,791	$	54,286
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries	$	28,547	$	19,595
Liability for future expenditures	149,000		172,000
Deferred income taxes	21,795		20,273
Derivatives at fair value, net	—		23,384
SAVEGREEN	16,302		25,208
Postemployment and other benefit costs	141,433		157,027
Deferred Superstorm Sandy costs	13,030		15,201
Other noncurrent regulatory assets	5,812		8,606
Total noncurrent regulatory assets	$	375,919	$	441,294
Regulatory liability-current
Derivatives at fair value, net	78		—
Overrecovered gas costs	—		9,469
Total current regulatory liabilities	$	78	$	9,469
Regulatory liabilities-noncurrent
Cost of removal obligation	$	7,902	$	30,549
New Jersey Clean Energy Program	5,795		10,657
Other noncurrent regulatory liabilities	664		205
Derivatives at fair value, net	146		—
Total noncurrent regulatory liabilities	$	14,507	$	41,411