XML 65 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
ASSET RETIREMENT OBLIGATIONS (Tables)
 12 Months Ended
Sep. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Analysis of Change in ARO Liability
The following is an analysis of the change in the Company’s AROs for the fiscal year ended September 30:
(Thousands)
2017
 
2016
 
NJNG
NJRCEV
 
NJNG
NJRCEV
Balance at October 1
$
23,521

$
4,858

 
$
16,773

$
2,372

Accretion
1,304

245

 
1,048

158

Additions
729

1,492

 
783

2,328

Revisions in estimated cash flows
(245
)
—

 
5,320

—

Retirements
(484
)
—

 
(403
)
—

Balance at period end
$
24,825

$
6,595

 
$
23,521

$
4,858
Schedule of Future Accretion
Accretion for the next five years is estimated to be as follows:
(Thousands)
 
 
 
Fiscal Year Ended September 30,
Estimated Accretion
2018
 
$
1,644

 
2019
 
1,718

 
2020
 
1,795

 
2021
 
1,877

 
2022
 
1,960

 
Total
 
$
8,994