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INVESTMENTS IN EQUITY METHOD INVESTEES (Tables)
6 Months Ended
Mar. 31, 2017
Investments, All Other Investments [Abstract]  
Schedule of Equity Method Investments
NJR's investments in equity method investees include the following as of:
(Thousands)
March 31,
2017
September 30,
2016
Steckman Ridge (1)
$
121,809

$
123,155

PennEast
31,082

17,993

Total
$
152,891

$
141,148


(1)
Includes loans with a total outstanding principal balance of $70.4 million for both March 31, 2017 and September 30, 2016. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.