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RELATED PARTY TRANSACTIONS | 6 Months Ended
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Mar. 31, 2021
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | 16. RELATED PARTY TRANSACTIONS Effective April 1, 2020, NJNG entered into a 5-year agreement for 3 Bcf of firm storage capacity with Steckman Ridge, which expires on March 31, 2025. Under the terms of the agreement, NJNG incurs demand fees, at market rates, of approximately $9.3 million annually, a portion of which is eliminated in consolidation. These fees are recoverable through NJNG’s BGSS mechanism and are included as a component of regulatory assets. Energy Services may periodically enter into storage or park and loan agreements with its affiliated FERC-jurisdictional natural gas storage facility, Steckman Ridge. As of March 31, 2021, Energy Services has entered into transactions with Steckman Ridge for varying terms, all of which expire by October 31, 2021. Demand fees, net of eliminations, associated with Steckman Ridge were as follows:
| Three Months Ended | Six Months Ended
| March 31, | March 31,
(Thousands) | 2021 | 2020 | 2021 | 2020
Natural Gas Distribution | $ | 1,505 |  | $ | 1,477 |  | $ | 3,073 |  | $ | 2,971 |
Energy Services | 226 |  | 29 |  | 391 |  | 59 |
Total | $ | 1,731 |  | $ | 1,506 |  | $ | 3,464 |  | $ | 3,030 |
The following table summarizes demand fees payable to Steckman Ridge as of:
(Thousands) | March 31, 2021 | September 30, 2020
Natural Gas Distribution | $ | 775 |  | $ | 775 |
Energy Services | 78 |  | 16 |
Total | $ | 853 |  | $ | 791 |
NJNG and Energy Services have entered into various asset management agreements, the effects of which are eliminated in consolidation. Under the terms of these agreements, NJNG releases certain transportation and storage contracts to Energy Services. As of March 31, 2021, NJNG and Energy Services had three asset management agreements with expiration dates ranging from October 31, 2021 through March 31, 2022. NJNG has entered into a 15-year transportation precedent agreement for committed capacity of 180,000 Dths per day and NJRES has entered into a 5-year, 50,000 Dths per day transportation precedent agreement with PennEast, both to commence when PennEast is placed in service. NJNG has entered into a transportation precedent agreement with Adelphia Gateway for committed capacity of 130,000 Dths per day, which expires in October 2026. Energy Services has a 5-year agreement for 3 Bcf of firm storage capacity with Leaf River, which is eliminated in consolidation and expires in March 2024. On February 19, 2021, Energy Services entered into a park and loan agreement with Leaf River for 330,000 Dths, which expired on April 30, 2021 and is eliminated in consolidation. NJNG and Clean Energy Ventures entered into a sublease agreement and PPA agreement related to an onsite solar array and the related energy output at the Company’s headquarters in Wall, New Jersey.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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