DEBT (Tables)

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

A summary of NJR's credit facility and NJNG's commercial paper program and credit facility are as follows:

(Thousands)	March 31, 2020			September 30, 2019			Expiration Dates
NJR
Bank revolving credit facilities (1)	$	425,000		$	425,000		December 2023
Notes outstanding at end of period	$	180,000		$	25,450
Weighted average interest rate at end of period	3.23		%	3.04		%
Amount available at end of period (2)	$	240,250		$	394,800
Bank revolving credit facilities (1)	$	150,000		$	—		July 2020
Notes outstanding at end of period	$	150,000		$	—
Weighted average interest rate at end of period	2.14		%	—		%
Amount available at end of period (2)	$	—		$	—
NJNG
Bank revolving credit facilities (1)	$	250,000		$	250,000		December 2023
Commercial paper outstanding at end of period	$	—		$	—
Weighted average interest rate at end of period	1.68		%	—		%
Amount available at end of period (3)	$	249,269		$	249,269

(1) Committed credit facilities, which require commitment fees on the unused amounts.

(2) Letters of credit outstanding total $4.8 million for both March 31, 2020 and September 30, 2019, which reduces amount available by the same amount.

(3)

Letters of credit outstanding total $731,000 for both March 31, 2020 and September 30, 2019, which reduces the amount available by the same amount.