Financial Instruments (Table)

12 Months Ended

Sep. 30, 2012

Financial Instruments Note Tables [Abstract]

Schedule of financial instrument assets and liabilities at fair value


		Natural Gas Distribution		Nonregulated		Total
		(In thousands)
September 30, 2012⁽³⁾

Assets from risk management activities, current ⁽¹⁾	$	6,934	$	17,773	$	24,707
Assets from risk management activities, noncurrent		2,283		-		2,283
Liabilities from risk management activities, current ⁽¹⁾		(85,366)		(15)		(85,381)
Liabilities from risk management activities, noncurrent		-		(9,206)		(9,206)
Net assets (liabilities)	$	(76,149)	$	8,552	$	(67,597)

September 30, 2011⁽⁴⁾

Assets from risk management activities, current ⁽²⁾	$	843	$	17,501	$	18,344
Assets from risk management activities, noncurrent		998		-		998
Liabilities from risk management activities, current ⁽²⁾		(11,916)		(3,537)		(15,453)
Liabilities from risk management activities, noncurrent		(67,862)		(10,227)		(78,089)
Net assets (liabilities)	$	(77,937)	$	3,737	$	(74,200)

Oustanding commodity contracts volumes table

Contract Type	Hedge Designation	Natural Gas Distribution	Nonregulated
		Quantity (MMcf)

Commodity contracts	Fair Value	-	(22,650)
	Cash Flow	-	35,300
	Not designated	24,185	49,155
		24,185	61,805

Financial instruments on the balance sheet

						Natural
						Gas
				Balance Sheet Location		Distribution		Nonregulated		Total
September 30, 2012						(In thousands)

Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets		$	-	$	19,301	$	19,301
		Noncurrent commodity		Deferred charges and
			contracts		other assets		-		1,923		1,923
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities			(85,040)		(23,787)		(108,827)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		-		(4,999)		(4,999)
	Total						(85,040)		(7,562)		(92,602)

Not Designated As Hedges:
	Asset Financial Instruments
		Current commodity contracts		Other current assets⁽¹⁾			7,082		98,393		105,475
		Noncurrent commodity		Deferred charges and
			contracts		other assets		2,283		60,932		63,215
	Liability Financial Instruments
		Current commodity contracts		Other current liabilities⁽²⁾			(585)		(99,824)		(100,409)
		Noncurrent commodity		Deferred credits and
			contracts		other liabilities		-		(67,062)		(67,062)
	Total						8,780		(7,561)		1,219
Total Financial Instruments						$	(76,260)	$	(15,123)	$	(91,383)

						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

			Fiscal Year Ended September 30
		2012		2011		2010
			(In thousands)

Commodity contracts		$	30,266	$	16,552	$	34,650
Fair value adjustment for natural gas
	inventory designated as the hedged item		(5,797)		9,824		19,867
Total impact on purchased gas cost		$	24,469	$	26,376	$	54,517

The impact on purchased gas cost is
comprised of the following:
	Basis ineffectiveness	$	1,170	$	803	$	(1,272)
	Timing ineffectiveness		23,299		25,573		55,789
		$	24,469	$	26,376	$	54,517

Cash flow hedges table

		Fiscal Year Ended September 30, 2012
		Natural		Regulated
		Gas		Transmission
		Distribution		and Storage		Nonregulated		Consolidated
		(In thousands)

Loss reclassified from AOCI into purchased gas
	cost for effective portion of commodity contracts	$	-	$	-	$	(62,678)	$	(62,678)
Loss arising from ineffective portion of
	commodity contracts		-		-		(1,369)		(1,369)
Total impact on purchased gas cost			-		-		(64,047)		(64,047)

Net loss on settled Treasury lock agreements
	reclassified from AOCI into interest expense		(2,009)		-		-		(2,009)
Total impact from cash flow hedges		$	(2,009)	$	-	$	(64,047)	$	(66,056)

		Fiscal Year Ended September 30, 2011
		Natural		Regulated
		Gas		Transmission
		Distribution		and Storage		Nonregulated		Consolidated
		(In thousands)

Loss reclassified from AOCI into purchased gas
	cost for effective portion of commodity contracts	$	-	$	-	$	(28,430)	$	(28,430)
Loss arising from ineffective portion of
	commodity contracts		-		-		(1,585)		(1,585)
Total impact on purchased gas cost			-		-		(30,015)		(30,015)

Net loss on settled Treasury lock agreements
	reclassified from AOCI into interest expense		(2,455)		-		-		(2,455)
Gain on unwinding of Treasury lock reclassified
	from AOCI into miscellaneous income		21,803		6,000		-		27,803
Total impact from cash flow hedges		$	19,348	$	6,000	$	(30,015)	$	(4,667)

		Fiscal Year Ended September 30, 2010
		Natural		Regulated
		Gas		Transmission
		Distribution		and Storage		Nonregulated		Consolidated
		(In thousands)

Loss reclassified from AOCI into purchased gas
	cost for effective portion of commodity contracts	$	-	$	-	$	(44,809)	$	(44,809)
Loss arising from ineffective portion of
	commodity contracts		-		-		(2,717)		(2,717)
Total impact on purchased gas cost			-		-		(47,526)		(47,526)

Net loss on settled Treasury lock agreements
	reclassified from AOCI into interest expense		(2,678)		-		-		(2,678)
Total impact from cash flow hedges		$	(2,678)	$	-	$	(47,526)	$	(50,204)

Other comprehensive income from hedging table

		Fiscal Year Ended September 30
		2012		2011
		(In thousands)
Decrease in fair value:
	Treasury lock agreements	$	(11,458)	$	(12,720)
	Forward commodity contracts		(30,366)		(12,096)

Recognition of (gains) losses in earnings due to settlements:
	Treasury lock agreements		1,342		(15,969)
	Forward commodity contracts		38,232		17,344
Total other comprehensive loss from
	hedging, net of tax ⁽¹⁾	$	(2,250)	$	(23,441)

Expected recognition in earnings of deferred losses in AOCI table

	Treasury
	Lock		Commodity
	Agreements		Contracts		Total
	(In thousands)

2013	$	(1,276)	$	(7,171)	$	(8,447)
2014		(1,276)		(1,908)		(3,184)
2015		606		10		616
2016		776		46		822
2017		675		28		703
Thereafter		10,222		-		10,222
Total⁽¹⁾	$	9,727	$	(8,995)	$	732

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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