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INVESTMENTS IN EQUITY INVESTEES (Tables)
 3 Months Ended
Dec. 31, 2018
Investments, All Other Investments [Abstract]  
Schedule of Equity Method Investments
NJR's investments in equity method investees include the following as of:
(Thousands)
December 31,
2018
September 30,
2018
Steckman Ridge (1)
$
116,346

$
117,001

PennEast
75,842

73,865

Total
$
192,188

$
190,866


(1)
Includes loans with a total outstanding principal balance of $70.4 million for both December 31, 2018 and September 30, 2018. The loans accrue interest at a variable rate that resets quarterly and are due October 1, 2023.