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REGULATION (Tables) | 12 Months Ended
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Sep. 30, 2022
Regulated Operations [Abstract] |
Schedule of Regulatory Assets | Regulatory assets and liabilities included on the Consolidated Balance Sheets for NJNG are comprised of the following, as of September 30:
(Thousands) | 2022 | 2021
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 15,697 |  | $ | 16,308 |
Conservation Incentive Program | 23,099 |  | 11,839 |
Other current regulatory assets | 1,290 |  | 1,554 |
Total current regulatory assets | $ | 40,086 |  | $ | 29,701 |
Regulatory assets-noncurrent |  |
Environmental remediation costs: |  |
Expended, net of recoveries | $ | 66,149 |  | $ | 58,483 |
Liability for future expenditures | 127,070 |  | 135,012 |
Deferred income taxes | 40,520 |  | 39,694 |
SAVEGREEN | 52,690 |  | 32,941 |
Postemployment and other benefit costs | 56,021 |  | 117,194 |
Deferred storm damage costs | 2,172 |  | 4,343 |
Cost of removal | 104,850 |  | 99,238 |
Other noncurrent regulatory assets | 45,828 |  | 32,695 |
Total noncurrent regulatory assets | $ | 495,300 |  | $ | 519,600 |
Regulatory liability-current |  |
Overrecovered natural gas costs | $ | 17,807 |  | $ | 5,510 |
Derivatives at fair value, net | 7,972 |  | 22,497 |
Total current regulatory liabilities | $ | 25,779 |  | $ | 28,007 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 185,367 |  | $ | 190,386 |
Derivatives at fair value, net | 116 |  | 1,166 |
Other noncurrent regulatory liabilities | 151 |  | 336 |
Total noncurrent regulatory liabilities | $ | 185,634 |  | $ | 191,888 |
(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. Regulatory assets and liabilities included on the Consolidated Balance Sheets for Adelphia Gateway are comprised of the following, as of September 30:
(Thousands) | 2022 | 2021
Total current regulatory assets | $ | — |  | $ | 417 |
Total noncurrent regulatory assets | $ | 5,366 |  | $ | 2,499 |
Total current regulatory liabilities | 5,311 |  | — |
Total noncurrent regulatory liabilities | $ | — |  | $ | 1,163 |
Schedule of Regulatory Liabilities | Regulatory assets and liabilities included on the Consolidated Balance Sheets for NJNG are comprised of the following, as of September 30:
(Thousands) | 2022 | 2021
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 15,697 |  | $ | 16,308 |
Conservation Incentive Program | 23,099 |  | 11,839 |
Other current regulatory assets | 1,290 |  | 1,554 |
Total current regulatory assets | $ | 40,086 |  | $ | 29,701 |
Regulatory assets-noncurrent |  |
Environmental remediation costs: |  |
Expended, net of recoveries | $ | 66,149 |  | $ | 58,483 |
Liability for future expenditures | 127,070 |  | 135,012 |
Deferred income taxes | 40,520 |  | 39,694 |
SAVEGREEN | 52,690 |  | 32,941 |
Postemployment and other benefit costs | 56,021 |  | 117,194 |
Deferred storm damage costs | 2,172 |  | 4,343 |
Cost of removal | 104,850 |  | 99,238 |
Other noncurrent regulatory assets | 45,828 |  | 32,695 |
Total noncurrent regulatory assets | $ | 495,300 |  | $ | 519,600 |
Regulatory liability-current |  |
Overrecovered natural gas costs | $ | 17,807 |  | $ | 5,510 |
Derivatives at fair value, net | 7,972 |  | 22,497 |
Total current regulatory liabilities | $ | 25,779 |  | $ | 28,007 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 185,367 |  | $ | 190,386 |
Derivatives at fair value, net | 116 |  | 1,166 |
Other noncurrent regulatory liabilities | 151 |  | 336 |
Total noncurrent regulatory liabilities | $ | 185,634 |  | $ | 191,888 |
(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. Regulatory assets and liabilities included on the Consolidated Balance Sheets for Adelphia Gateway are comprised of the following, as of September 30:
(Thousands) | 2022 | 2021
Total current regulatory assets | $ | — |  | $ | 417 |
Total noncurrent regulatory assets | $ | 5,366 |  | $ | 2,499 |
Total current regulatory liabilities | 5,311 |  | — |
Total noncurrent regulatory liabilities | $ | — |  | $ | 1,163 |

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