DEBT (Tables)

6 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

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

(Thousands)	March 31, 2022			September 30, 2021			Expiration Dates
NJR
Bank revolving credit facility (1)	$	500,000		$	500,000		September 2026
Notes outstanding at end of period	$	152,210		$	219,100
Weighted average interest rate at end of period	2.02		%	1.05		%
Amount available at end of period (2)	$	334,325		$	270,312
Bank term loan credit agreement	$	150,000		$	—		February 2023
Loans outstanding at end of period	$	150,000		$	—
Weighted average interest rate at end of period	1.04		%	—		%
Amount available at end of period	$	—		$	—
NJNG
Bank revolving credit facility (3)	$	250,000		$	250,000		September 2026
Commercial paper and notes outstanding at end of period	$	—		$	158,200
Weighted average interest rate at end of period	—		%	0.17		%
Amount available at end of period (4)	$	249,269		$	91,069

(1)Committed credit facilities, which require commitment fees of 0.10 percent on the unused amounts.

(2)Letters of credit outstanding total $13.5 million at March 31, 2022 and $10.6 million at September 30, 2021, which reduces the amount available by the same amount.

(3)Committed credit facilities, which require commitment fees of 0.075 percent on the unused amounts.

(4)Letters of credit outstanding total $731,000 at both March 31, 2022 and September 30, 2021, which reduces the amount available by the same amount.