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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Sep. 30, 2019
PROPERTY, PLANT AND EQUIPMENT    
Utility plant, at cost $ 2,708,934 $ 2,625,730
Construction work in progress 315,865 237,011
Nonutility plant and equipment, at cost 1,350,888 861,904
Construction work in progress 176,922 62,492
Total property, plant and equipment 4,552,609 3,787,137
Accumulated depreciation and amortization, utility plant (576,186) (585,160)
Accumulated depreciation and amortization, nonutility plant and equipment (179,582) (156,033)
Property, plant and equipment, net 3,796,841 3,045,944
CURRENT ASSETS    
Cash and cash equivalents 25,968 2,676
Customer accounts receivable    
Billed 195,683 139,263
Unbilled revenues 41,161 6,510
Allowance for doubtful accounts (6,803) (6,148)
Regulatory assets 56,866 32,871
Gas in storage, at average cost 76,353 169,803
Materials and supplies, at average cost 17,819 14,475
Prepaid expenses 9,789 8,333
Prepaid and accrued taxes 1,184 22,602
Derivatives, at fair value 35,428 25,103
Restricted broker margin accounts 23,946 73,723
Other 23,480 22,395
Total current assets 500,874 511,606
NONCURRENT ASSETS    
Investments in equity method investees 204,246 200,268
Regulatory assets 450,039 496,637
Operating lease assets 102,395  
Derivatives, at fair value 8,654 7,426
Intangible assets, net 11,434 14,611
Other noncurrent assets 80,716 96,493
Total noncurrent assets 857,484 815,435
Total assets 5,155,199 4,372,985
CAPITALIZATION    
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding March 31, 2020 — 95,643,185; September 30, 2019 — 89,998,788 240,221 226,649
Premium on common stock 493,956 291,331
Accumulated other comprehensive loss, net of tax (34,639) (31,787)
Treasury stock at cost and other; shares March 31, 2020 — 445,734; September 30, 2019 —660,734 (4,523) (10,436)
Retained earnings 1,194,092 1,075,960
Common stock equity 1,889,107 1,551,717
Long-term debt 1,576,708 1,537,177
Total capitalization 3,465,815 3,088,894
CURRENT LIABILITIES    
Current maturities of long-term debt 22,048 21,419
Short-term debt 466,573 25,450
Gas purchases payable 126,338 137,271
Gas purchases payable to related parties 801 790
Accounts payable and other 93,431 129,724
Dividends payable 29,888 28,122
Accrued taxes 4,232 3,394
New Jersey Clean Energy Program 5,868 15,468
Derivatives, at fair value 51,686 57,623
Operating lease liabilities 4,156  
Customers' credit balances and deposits 19,328 27,116
Total current liabilities 824,349 446,377
NONCURRENT LIABILITIES    
Deferred income taxes 187,938 190,663
Deferred investment tax credits 3,493 3,653
Deferred gain 1,470 1,554
Derivatives, at fair value 12,028 18,821
Manufactured gas plant remediation 128,868 131,080
Postemployment employee benefit liability 195,441 246,517
Regulatory liabilities 199,737 202,435
Operating lease liabilities 96,713  
Asset retirement obligation 32,243 31,046
Other 7,104 11,945
Total noncurrent liabilities 865,035 837,714
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities $ 5,155,199 $ 4,372,985