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REGULATION (Tables)

3 Months Ended

Dec. 31, 2024

Regulated Operations [Abstract]

Schedule of Regulatory Assets

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:

(Thousands)			December 31, 2024			September 30, 2024
Regulatory assets-current
New Jersey Clean Energy Program			$	16,523		$	18,491
Conservation Incentive Program			46,052			51,442
Derivatives at fair value, net			570			1,363
Other current regulatory assets			1,544			1,774
Total current regulatory assets			$	64,689		$	73,070
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries			$	74,146		$	77,475
Liability for future expenditures			161,024			161,650
Deferred income taxes			42,776			42,595
SAVEGREEN			114,391			107,796
Postemployment and other benefit costs			24,695			23,772
Cost of removal			135,006			130,885
Other noncurrent regulatory assets			55,488			59,924
Total noncurrent regulatory assets			$	607,526		$	604,097
Regulatory liability-current
Overrecovered natural gas costs			$	26,692		$	32,457
Derivatives at fair value, net			5,337			—
Total current regulatory liabilities			$	32,029		$	32,457
Regulatory liabilities-noncurrent
Tax Act impact			$	174,074		$	175,328
Derivatives at fair value, net			—			404
Other noncurrent regulatory liabilities			652			115
Total noncurrent regulatory liabilities			$	174,726		$	175,847

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia are comprised of the following:

(Thousands)			December 31, 2024			September 30, 2024
Total noncurrent regulatory assets			$	5,069		$	5,095
Total current regulatory liabilities			$	581		$	524

Schedule of Regulatory Liabilities

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for NJNG are comprised of the following:

(Thousands)			December 31, 2024			September 30, 2024
Regulatory assets-current
New Jersey Clean Energy Program			$	16,523		$	18,491
Conservation Incentive Program			46,052			51,442
Derivatives at fair value, net			570			1,363
Other current regulatory assets			1,544			1,774
Total current regulatory assets			$	64,689		$	73,070
Regulatory assets-noncurrent
Environmental remediation costs:
Expended, net of recoveries			$	74,146		$	77,475
Liability for future expenditures			161,024			161,650
Deferred income taxes			42,776			42,595
SAVEGREEN			114,391			107,796
Postemployment and other benefit costs			24,695			23,772
Cost of removal			135,006			130,885
Other noncurrent regulatory assets			55,488			59,924
Total noncurrent regulatory assets			$	607,526		$	604,097
Regulatory liability-current
Overrecovered natural gas costs			$	26,692		$	32,457
Derivatives at fair value, net			5,337			—
Total current regulatory liabilities			$	32,029		$	32,457
Regulatory liabilities-noncurrent
Tax Act impact			$	174,074		$	175,328
Derivatives at fair value, net			—			404
Other noncurrent regulatory liabilities			652			115
Total noncurrent regulatory liabilities			$	174,726		$	175,847

Regulatory assets and liabilities included on the Unaudited Condensed Consolidated Balance Sheets for Adelphia are comprised of the following:

(Thousands)			December 31, 2024			September 30, 2024
Total noncurrent regulatory assets			$	5,069		$	5,095
Total current regulatory liabilities			$	581		$	524

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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

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-Topic 980
-SubTopic 340
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
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-Name Accounting Standards Codification
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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.

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-Topic 980
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-Name Accounting Standards Codification
-Section 25
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