XML 47 R28.htm IDEA: XBRL DOCUMENT
v3.19.1

REGULATION (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2019
Regulated Operations [Abstract] |
Schedule of Regulator Liabilities | Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets are comprised of the following:
(Thousands) | March 31, 2019 | September 30, 2018
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 5,772 |  | $ | 14,052 |
Underrecovered gas costs | 12,093 |  | 4,137 |
Conservation Incentive Program | 40 |  | — |
Derivatives at fair value, net | 1 |  | 108 |
Total current regulatory assets | $ | 17,906 |  | $ | 18,297 |
Regulatory assets-noncurrent |  |
Environmental remediation costs |  |
Expended, net of recoveries | $ | 31,436 |  | $ | 33,017 |
Liability for future expenditures | 128,897 |  | 130,800 |
Deferred income taxes | 18,499 |  | 17,225 |
Derivatives at fair value, net | 9 |  | — |
SAVEGREEN | 5,570 |  | 8,636 |
Postemployment and other benefit costs | 135,316 |  | 136,716 |
Deferred storm damage costs | 9,772 |  | 10,858 |
Cost of removal | 37,847 |  | 22,339 |
Other noncurrent regulatory assets | 9,074 |  | 9,001 |
Total noncurrent regulatory assets | $ | 376,420 |  | $ | 368,592 |
Regulatory liabilities-current |  |
Conservation Incentive Program | $ | — |  | $ | 6,994 |
Derivatives at fair value, net | 3,717 |  | 1,191 |
Total current regulatory liabilities | $ | 3,717 |  | $ | 8,185 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 202,912 |  | $ | 205,410 |
New Jersey Clean Energy Program | 4,198 |  | 1,902 |
Other noncurrent regulatory liabilities | 1,759 |  | 1,827 |
Total noncurrent regulatory liabilities | $ | 208,869 |  | $ | 209,139 |
(1) | Reflects the re-measurement and subsequent amortization of NJNG's net deferred tax liabilities as a result of the change in federal tax rates enacted in the Tax Act.
Schedule of Regulatory Assets | Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets are comprised of the following:
(Thousands) | March 31, 2019 | September 30, 2018
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 5,772 |  | $ | 14,052 |
Underrecovered gas costs | 12,093 |  | 4,137 |
Conservation Incentive Program | 40 |  | — |
Derivatives at fair value, net | 1 |  | 108 |
Total current regulatory assets | $ | 17,906 |  | $ | 18,297 |
Regulatory assets-noncurrent |  |
Environmental remediation costs |  |
Expended, net of recoveries | $ | 31,436 |  | $ | 33,017 |
Liability for future expenditures | 128,897 |  | 130,800 |
Deferred income taxes | 18,499 |  | 17,225 |
Derivatives at fair value, net | 9 |  | — |
SAVEGREEN | 5,570 |  | 8,636 |
Postemployment and other benefit costs | 135,316 |  | 136,716 |
Deferred storm damage costs | 9,772 |  | 10,858 |
Cost of removal | 37,847 |  | 22,339 |
Other noncurrent regulatory assets | 9,074 |  | 9,001 |
Total noncurrent regulatory assets | $ | 376,420 |  | $ | 368,592 |
Regulatory liabilities-current |  |
Conservation Incentive Program | $ | — |  | $ | 6,994 |
Derivatives at fair value, net | 3,717 |  | 1,191 |
Total current regulatory liabilities | $ | 3,717 |  | $ | 8,185 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 202,912 |  | $ | 205,410 |
New Jersey Clean Energy Program | 4,198 |  | 1,902 |
Other noncurrent regulatory liabilities | 1,759 |  | 1,827 |
Total noncurrent regulatory liabilities | $ | 208,869 |  | $ | 209,139 |
(1) | Reflects the re-measurement and subsequent amortization of NJNG's net deferred tax liabilities as a result of the change in federal tax rates enacted in the Tax Act.

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44250-110382 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6501251&loc=d3e52485-110419 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6499975&loc=d3e44264-110382 + Details
Name: | us-gaap_ScheduleOfRegulatoryAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of regulatory liabilities. Detailed information about liabilities that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 405 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6500807&loc=d3e48068-110394 + Details
Name: | us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration