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INVESTMENTS IN EQUITY INVESTEES (Tables)

9 Months Ended

Jun. 30, 2021

Investments, All Other Investments [Abstract]

Schedule of Equity Method Investments

NJR's investments in equity method investees include the following as of:

(Thousands)			June 30, 2021			September 30, 2020
Steckman Ridge (1)			$	111,537		$	112,378
PennEast (2)			5,479			95,997
Total			$	117,016		$	208,375

(1)Includes loans with a total outstanding principal balance of $70.4 million for both June 30, 2021 and September 30, 2020, which accrue interest at a variable rate that resets quarterly and are due October 1, 2023.

(2)September 30, 2020, included a deferred tax component related to AFUDC equity of $4.6 million. The deferred tax component related to AFUDC equity was reversed due to the impairment for June 30, 2021.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

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