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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 3,627,112 $ 3,576,691
Construction work in progress 182,309 162,087
Nonutility plant and equipment, at cost 1,633,823 1,577,259
Construction work in progress 199,330 199,679
Total property, plant and equipment 5,642,574 5,515,716
Accumulated depreciation and amortization, utility plant (676,944) (659,737)
Accumulated depreciation and amortization, nonutility plant and equipment (217,098) (206,053)
Property, plant and equipment, net 4,748,532 4,649,926
CURRENT ASSETS    
Cash and cash equivalents 2,407 1,107
Customer accounts receivable    
Billed 370,965 222,297
Unbilled revenues 109,147 13,769
Allowance for doubtful accounts (10,771) (19,379)
Regulatory assets 61,355 40,086
Natural gas in storage, at average cost 254,360 273,644
Materials and supplies, at average cost 21,634 20,324
Prepaid expenses 19,028 8,572
Prepaid and accrued taxes 20,568 54,501
Derivatives, at fair value 44,678 24,635
Restricted broker margin accounts 93,173 94,261
Other current assets 25,280 22,270
Total current assets 1,011,824 756,087
NONCURRENT ASSETS    
Investments in equity method investees 106,174 106,571
Regulatory assets 495,849 500,666
Operating lease assets 167,129 168,520
Derivatives, at fair value 3,445 6,385
Intangible assets, net 1,818 2,348
Software costs 6,649 6,120
Other noncurrent assets 68,674 64,793
Total noncurrent assets 849,738 855,403
Total assets 6,610,094 6,261,416
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares December 31, 2022 — 96,803,490; September 30, 2022 — 96,249,859 241,845 241,616
Premium on common stock 527,846 519,697
Accumulated other comprehensive loss, net of tax (4,522) (4,826)
Treasury stock at cost and other; shares December 31, 2022 — 148,914; September 30, 2022 — 611,045 11,842 (6,805)
Retained earnings 1,145,784 1,067,528
Common stock equity 1,922,795 1,817,210
Long-term debt 2,690,886 2,485,402
Total capitalization 4,613,681 4,302,612
CURRENT LIABILITIES    
Current maturities of long-term debt 80,115 75,069
Short-term debt 464,450 423,950
Natural gas purchases payable 158,119 235,049
Natural gas purchases payable to related parties 862 851
Deferred revenue 39,553 35,547
Accounts payable and other 110,475 156,580
Dividends payable 37,665 37,534
Accrued taxes 10,498 5,130
Regulatory liabilities 49,382 31,090
New Jersey Clean Energy Program 14,090 15,697
Derivatives, at fair value 48,104 49,848
Operating lease liabilities 4,661 4,562
Restricted broker margin accounts 7,297 0
Customers' credit balances and deposits 40,970 33,246
Total current liabilities 1,066,241 1,104,153
NONCURRENT LIABILITIES    
Deferred income taxes 255,073 238,928
Deferred investment tax credits 2,643 2,710
Deferred revenue 49,939 753
Derivatives, at fair value 23,477 14,191
Manufactured gas plant remediation 125,717 127,060
Postemployment employee benefit liability 83,892 82,867
Regulatory liabilities 184,740 185,634
Operating lease liabilities 137,627 138,382
Asset retirement obligation 55,750 55,035
Other noncurrent liabilities 11,314 9,091
Total noncurrent liabilities 930,172 854,651
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 6,610,094 $ 6,261,416