XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

REGULATION (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2023
Regulated Operations [Abstract] |
Schedule of Regulator Liabilities | Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:
(Thousands) | March 31, 2023 | September 30, 2022
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 6,191 |  | $ | 15,697 |
Conservation Incentive Program | 46,903 |  | 23,099 |
Derivatives at fair value, net | 68,241 |  | — |
Other current regulatory assets | 1,254 |  | 1,290 |
Total current regulatory assets | $ | 122,589 |  | $ | 40,086 |
Regulatory assets-noncurrent |  |
Environmental remediation costs: |  |
Expended, net of recoveries | $ | 63,256 |  | $ | 66,149 |
Liability for future expenditures | 124,493 |  | 127,070 |
Deferred income taxes | 41,213 |  | 40,520 |
SAVEGREEN | 57,203 |  | 52,690 |
Postemployment and other benefit costs | 55,925 |  | 56,021 |
Deferred storm damage costs | 1,086 |  | 2,172 |
Cost of removal | 111,601 |  | 104,850 |
Other noncurrent regulatory assets | 41,769 |  | 45,828 |
Total noncurrent regulatory assets | $ | 496,546 |  | $ | 495,300 |
Regulatory liability-current |  |
Overrecovered natural gas costs | $ | 12,785 |  | $ | 17,807 |
Derivatives at fair value, net | 77 |  | 7,972 |
Total current regulatory liabilities | $ | 12,862 |  | $ | 25,779 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 182,857 |  | $ | 185,367 |
Derivatives at fair value, net | 602 |  | 116 |
Other noncurrent regulatory liabilities | 482 |  | 151 |
Total noncurrent regulatory liabilities | $ | 183,941 |  | $ | 185,634 |
(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. The Tax Act is an Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018, previously known as The Tax Cuts and Jobs Act of 2017. Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia Gateway are comprised of the following:
(Thousands) | March 31, 2023 | September 30, 2022
Total noncurrent regulatory assets | $ | 5,283 |  | $ | 5,366 |
Total current regulatory liabilities | $ | 2,819 |  | $ | 5,311 |
Schedule of Regulatory Assets | Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:
(Thousands) | March 31, 2023 | September 30, 2022
Regulatory assets-current |  |
New Jersey Clean Energy Program | $ | 6,191 |  | $ | 15,697 |
Conservation Incentive Program | 46,903 |  | 23,099 |
Derivatives at fair value, net | 68,241 |  | — |
Other current regulatory assets | 1,254 |  | 1,290 |
Total current regulatory assets | $ | 122,589 |  | $ | 40,086 |
Regulatory assets-noncurrent |  |
Environmental remediation costs: |  |
Expended, net of recoveries | $ | 63,256 |  | $ | 66,149 |
Liability for future expenditures | 124,493 |  | 127,070 |
Deferred income taxes | 41,213 |  | 40,520 |
SAVEGREEN | 57,203 |  | 52,690 |
Postemployment and other benefit costs | 55,925 |  | 56,021 |
Deferred storm damage costs | 1,086 |  | 2,172 |
Cost of removal | 111,601 |  | 104,850 |
Other noncurrent regulatory assets | 41,769 |  | 45,828 |
Total noncurrent regulatory assets | $ | 496,546 |  | $ | 495,300 |
Regulatory liability-current |  |
Overrecovered natural gas costs | $ | 12,785 |  | $ | 17,807 |
Derivatives at fair value, net | 77 |  | 7,972 |
Total current regulatory liabilities | $ | 12,862 |  | $ | 25,779 |
Regulatory liabilities-noncurrent |  |
Tax Act impact (1) | $ | 182,857 |  | $ | 185,367 |
Derivatives at fair value, net | 602 |  | 116 |
Other noncurrent regulatory liabilities | 482 |  | 151 |
Total noncurrent regulatory liabilities | $ | 183,941 |  | $ | 185,634 |
(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. The Tax Act is an Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018, previously known as The Tax Cuts and Jobs Act of 2017. Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia Gateway are comprised of the following:
(Thousands) | March 31, 2023 | September 30, 2022
Total noncurrent regulatory assets | $ | 5,283 |  | $ | 5,366 |
Total current regulatory liabilities | $ | 2,819 |  | $ | 5,311 |

X
- References No definition available. + Details
Name: | us-gaap_RegulatedOperationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6499975&loc=d3e44250-110382 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 715 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6501251&loc=d3e52485-110419 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 340 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6499975&loc=d3e44264-110382 + Details
Name: | us-gaap_ScheduleOfRegulatoryAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of regulatory liabilities. Detailed information about liabilities that result from rate actions of a regulator. Rate actions of a regulator can impose a liability on a regulated enterprise resulting in a regulatory liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 980 -SubTopic 405 -Section 25 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6500807&loc=d3e48068-110394 + Details
Name: | us-gaap_ScheduleOfRegulatoryLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration