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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Sep. 30, 2020
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,913,448 $ 2,800,052
Construction work in progress 493,081 379,846
Nonutility plant and equipment, at cost 1,124,734 1,108,512
Construction work in progress 267,096 176,556
Total property, plant and equipment 4,798,359 4,464,966
Accumulated depreciation and amortization, utility plant (604,040) (601,635)
Accumulated depreciation and amortization, nonutility plant and equipment (163,852) (140,562)
Property, plant and equipment, net 4,030,467 3,722,769
CURRENT ASSETS    
Cash and cash equivalents 4,719 117,012
Customer accounts receivable    
Billed 205,482 134,173
Unbilled revenues 12,663 9,226
Allowance for doubtful accounts (21,546) (7,242)
Regulatory assets 35,030 36,530
Natural gas in storage, at average cost 125,824 167,504
Materials and supplies, at average cost 19,447 20,406
Prepaid expenses 10,263 6,639
Prepaid and accrued taxes 33,090 24,301
Derivatives, at fair value 17,504 23,310
Restricted broker margin accounts 56,234 69,444
Other 19,548 21,029
Total current assets 518,258 622,332
NONCURRENT ASSETS    
Investments in equity method investees 117,016 208,375
Regulatory assets 537,185 527,459
Operating lease assets 142,753 131,769
Derivatives, at fair value 3,070 3,349
Intangible assets, net 5,767 10,060
Software costs 5,560 4,707
Other noncurrent assets 48,542 85,657
Total noncurrent assets 859,893 971,376
Total assets 5,408,618 5,316,477
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding June 30, 2021 — 96,361,441; September 30, 2020 — 95,949,183 240,575 240,243
Premium on common stock 498,693 491,982
Accumulated other comprehensive loss, net of tax (41,120) (44,315)
Treasury stock at cost and other; shares June 30, 2021 — 16,313; September 30, 2020 — 148,310 13,407 8,485
Retained earnings 970,511 947,501
Common stock equity 1,682,066 1,643,896
Long-term debt 2,221,622 2,259,466
Total capitalization 3,903,688 3,903,362
CURRENT LIABILITIES    
Current maturities of long-term debt 23,032 27,236
Short-term debt 176,300 125,350
Natural gas purchases payable 116,018 95,945
Natural gas purchases payable to related parties 863 791
Accounts payable and other 161,878 141,500
Dividends payable 32,040 31,902
Accrued taxes 4,270 2,717
Regulatory liabilities 14,037 26,188
New Jersey Clean Energy Program 18,329 15,570
Derivatives, at fair value 39,572 33,865
Operating lease liabilities 4,588 6,724
Customers' credit balances and deposits 22,699 25,934
Total current liabilities 613,626 533,722
NONCURRENT LIABILITIES    
Deferred income taxes 144,990 138,081
Deferred investment tax credits 3,090 3,332
Deferred gain 871 1,035
Derivatives, at fair value 19,130 13,352
Manufactured gas plant remediation 136,874 150,590
Postemployment employee benefit liability 236,585 237,221
Regulatory liabilities 193,222 196,450
Operating lease liabilities 109,993 95,030
Asset retirement obligation 34,258 33,723
Other 12,291 10,579
Total noncurrent liabilities 891,304 879,393
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,408,618 $ 5,316,477