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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Summary of Gas in Storage
The following table summarizes gas in storage, at average cost by company as of:
 
June 30,
2017
September 30,
2016
($ in thousands)
Gas in Storage
 
Bcf
Gas in Storage
 
Bcf
NJRES
 
$
150,303

54.9

 
$
130,493

62.0

NJNG
 
51,379

15.3

 
75,758

21.3

Total
 
$
201,682

70.2

 
$
206,251

83.3
Accounts Receivable by Subsidiary
Customer accounts receivable include outstanding billings from the following subsidiaries as of:
(Thousands)
June 30,
2017
 
September 30,
2016
NJRES
$
104,582

63
%
 
$
102,884

72
%
NJNG (1)
56,302

34

 
30,951

22

NJRCEV
2,437

1

 
1,807

1

NJRHS and other
3,807

2

 
7,016

5

Total
$
167,128

100
%
 
$
142,658

100
%
(1)
Does not include unbilled revenues of $7 million and $5.7 million as of June 30, 2017 and September 30, 2016, respectively.
Schedule of Retrospective Application of New Accounting Standard
In addition, the following amounts on the Unaudited Condensed Consolidated Balance Sheets have been adjusted, retrospectively, as of September 30, 2016.
(Thousands)
As Previously Reported
 
Effect of Change
 
As Adjusted
Assets
 
 
 
 
 
Other noncurrent assets
$
68,708

 
$
(8,512
)
 
$
60,196

Total noncurrent assets
$
712,166

 
$
(8,512
)
 
$
703,654

Total assets
$
3,727,082

 
$
(8,512
)
 
$
3,718,570

Capitalization and Liabilities
 
 
 
 
 
Long-term debt
$
1,063,550

 
$
(8,512
)
 
$
1,055,038

Total capitalization
$
2,230,141

 
$
(8,512
)
 
$
2,221,629

Total capitalization and liabilities
$
3,727,082

 
$
(8,512
)
 
$
3,718,570