SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 31, 2024

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported in the Unaudited Condensed Consolidated Balance Sheets to the total amounts in the Unaudited Condensed Consolidated Statements of Cash Flows as follows:


(Thousands)	December 31, 2024		September 30, 2024		December 31, 2023
Balance Sheet
Cash and cash equivalents	$	1,908	$	1,017	$	2,739
Restricted cash in other noncurrent assets	$	655	$	595	$	690
Statements of Cash Flow
Cash, cash equivalents and restricted cash	$	2,563	$	1,612	$	3,429

Schedule of Natural Gas in Storage

The following table summarizes natural gas in storage, at average cost by segment as of:


	December 31, 2024				September 30, 2024
($ in thousands)	Natural Gas in Storage			Bcf	Natural Gas in Storage			Bcf
NJNG		$	161,613	25.3		$	177,655	30.8
ES		30,311		12.7		21,378		13.1
S&T		122		0.1		92		—
Total		$	192,046	38.1		$	199,125	43.9

Schedule of Software Costs Included in the Consolidated Financial Statements

The following tables present the software costs included in the Unaudited Condensed Consolidated Financial Statements:


(Thousands)	December 31, 2024		September 30, 2024
Balance Sheets
Utility plant, at cost	$	133,268	$	133,158
Construction work in progress	$	34,028	$	26,659
Nonutility plant and equipment, at cost	$	344	$	344

Accumulated depreciation and amortization, utility plant	$	(16,045)	$	(13,632)
Accumulated depreciation and amortization, nonutility plant and equipment	$	(50)	$	(48)
Software costs	$	10,561	$	10,522


	Three Months Ended
	December 31,
Statements of Operations		2024		2023
Operation and maintenance		$	2,736	$	3,253
Depreciation and amortization		$	2,415	$	990

Schedule of Accumulated Other Comprehensive (Loss) Income

The following table presents the changes in the components of accumulated other comprehensive (loss) income, net of related tax effects during the three months ended December 31, 2024 and 2023:


(Thousands)	Cash Flow Hedges		Postemployment Benefit Obligation			Total
Balance as of September 30, 2024	$	(6,215)	$	(306)		$	(6,521)
Other comprehensive income (loss)

Amounts reclassified from accumulated other comprehensive income (loss), net of tax of $(79), $58 and $(21), respectively	263		(195)		(1)	68

Balance as of December 31, 2024	$	(5,952)	$	(501)		$	(6,453)

Balance as of September 30, 2023	$	(7,269)	$	(2,690)		$	(9,959)
Other comprehensive income, net of tax

Amounts reclassified from accumulated other comprehensive income, net of tax of $(79), $(40) and $(119), respectively	264		131		(1)	395


Balance as of December 31, 2023	$	(7,005)	$	(2,559)		$	(9,564)

(1)Included in the computation of net periodic pension cost, a component of O&M on the Unaudited Condensed Consolidated Statements of Operations.