DEBT (Tables)

9 Months Ended

Jun. 30, 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)	June 30, 2020			September 30, 2019			Expiration Dates
NJR
Bank revolving credit facilities (1)	$	425,000		$	425,000		December 2023
Notes outstanding at end of period	$	416,300		$	25,450
Weighted average interest rate at end of period	1.06		%	3.04		%
Amount available at end of period (2)	$	244		$	394,800
Bank revolving credit facilities (1)	$	250,000		$	—		April 2021
Notes outstanding at end of period	$	—		$	—
Weighted average interest rate at end of period	—		%	—		%
Amount available at end of period (2)	$	250,000		$	—
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	0.25		%	—		%
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 $8.5 million and $4.8 million for June 30, 2020 and September 30, 2019, respectively, which reduces amount available by the same amount.

(3)

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