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DEBT (Tables)
 12 Months Ended
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.