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INCOME TAXES - DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Sep. 30, 2024
Deferred tax assets    
Investment tax credits $ 150,182 $ 192,238
State net operating losses 28,136 38,762
Deferred revenue 14,085 14,107
Fair value of derivatives 3,020 5,397
Impairment of equity method investment 14,004 14,004
Postemployment benefits 2,841 855
Incentive compensation 7,611 10,142
Amortization of intangibles 5,543 6,248
Overrecovered natural gas costs 2,975 9,072
Allowance for doubtful accounts 4,978 3,744
Other 7,919 7,226
Total deferred tax assets 241,294 301,795
Less: Valuation allowance (5,454) (5,621)
Total deferred tax assets net of valuation allowance 235,840 296,174
Deferred tax liabilities    
Property-related items (588,101) (563,403)
Remediation costs (20,953) (21,656)
Investments in equity investees (30,044) (28,704)
Conservation incentive program (6,344) (14,379)
Other (7,989) (6,065)
Total deferred tax liabilities (653,431) (634,207)
Total net deferred tax liabilities (417,591) (338,033)
Tax credit carryforward 149,700 191,600
NJNG    
Deferred tax liabilities    
Tax credit carryforward $ 500 $ 700