Financial Instruments (Table)

3 Months Ended

Dec. 31, 2011

Financial Instruments Note Tables Abstract

Oustanding commodity contracts volumes table

		Natural
	Hedge	Gas
Contract Type	Designation	Distribution	Nonregulated
		Quantity (MMcf)
Commodity contracts	Fair Value	-	(26,690)
	Cash Flow	-	44,428
	Not designated	13,964	46,944
		13,964	64,682

Financial instruments on the balance sheet

						Natural
						Gas
				Balance Sheet Location		Distribution		Nonregulated		Total
December 31, 2011:						(In thousands)
Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets		$	-	$	60,222	$	60,222
		Noncurrent commodity		Deferred charges and
			contracts		other assets		-		58		58
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities			-		(57,988)		(57,988)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		(69,755)		(12,012)		(81,767)
	Total						(69,755)		(9,720)		(79,475)
Not Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets			292		148,669		148,961
		Noncurrent commodity		Deferred charges and
			contracts		other assets		180		80,916		81,096
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities(1)			(16,196)		(166,878)		(183,074)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		(350)		(68,250)		(68,600)
	Total						(16,074)		(5,543)		(21,617)
Total Financial Instruments						$	(85,829)	$	(15,263)	$	(101,092)

						Natural
						Gas
				Balance Sheet Location		Distribution		Nonregulated		Total
September 30, 2011:						(In thousands)
Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets		$	-	$	22,396	$	22,396
		Noncurrent commodity		Deferred charges and
			contracts		other assets		-		174		174
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities			-		(31,064)		(31,064)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		(67,527)		(7,709)		(75,236)
	Total						(67,527)		(16,203)		(83,730)
Not Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets			843		67,710		68,553
		Noncurrent commodity		Deferred charges and
			contracts		other assets		998		22,379		23,377
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities(1)			(13,256)		(73,865)		(87,121)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		(335)		(25,071)		(25,406)
	Total						(11,750)		(8,847)		(20,597)
Total Financial Instruments						$	(79,277)	$	(25,050)	$	(104,327)

Fair value hedges table

		Three Months Ended
		December 31
		2011		2010
		(In thousands)
Commodity contracts		$	24,064	$	(1,723)
Fair value adjustment for natural gas
	inventory designated as the hedged item		(15,249)		15,625
Total impact on revenue		$	8,815	$	13,902
The impact on revenue is comprised of
the following:
	Basis ineffectiveness	$	841	$	921
	Timing ineffectiveness		7,974		12,981
		$	8,815	$	13,902

Cash flow hedges table

		Three Months Ended
		December 31
		2011		2010
		(In thousands)
Increase (decrease) in fair value:
	Treasury lock agreements	$	(1,403)	$	31,425
	Forward commodity contracts		(23,678)		1,657
Recognition of losses in earnings due to settlements:
	Treasury lock agreements		316		422
	Forward commodity contracts		7,103		8,693
Total other comprehensive income (loss)
	from hedging, net of tax(1)	$	(17,662)	$	42,197

Other comprehensive income from hedging table

	Treasury
	Lock		Commodity
	Agreements		Contracts		Total
	(In thousands)
Next twelve months	$	(1,266)	$	(25,900)	$	(27,166)
Thereafter		9,967		(7,536)		2,431
Total(1)	$	8,701	$	(33,436)	$	(24,735)

Expected recognition in earnings of deferred losses in AOCI table

		Three Months Ended December 31, 2011
		Natural
		Gas
		Distribution		Nonregulated		Consolidated
		(In thousands)
Loss reclassified from AOCI into revenue
	for effective portion of commodity contracts	$	-	$	(11,642)	$	(11,642)
Loss arising from ineffective portion of
	commodity contracts		-		(430)		(430)
Total impact on revenue			-		(12,072)		(12,072)
Loss on settled Treasury lock agreements
	reclassified from AOCI into interest expense		(502)		-		(502)
Total Impact from Cash Flow Hedges		$	(502)	$	(12,072)	$	(12,574)
		Three Months Ended December 31, 2010
		Natural
		Gas
		Distribution		Nonregulated		Consolidated
		(In thousands)
Loss reclassified from AOCI into revenue
	for effective portion of commodity contracts	$	-	$	(14,253)	$	(14,253)
Loss arising from ineffective portion of
	commodity contracts		-		(444)		(444)
Total impact on revenue			-		(14,697)		(14,697)
Loss on settled Treasury lock agreements
	reclassified from AOCI into interest expense		(670)		-		(670)
Total Impact from Cash Flow Hedges		$	(670)	$	(14,697)	$	(15,367)