10-Q 1 sji-20220331.htm 10-Q sji-20220331
000009192812/312022Q1FALSE000103521612/312022Q1FALSEP1YP2YP3Y33.3333.3333.33P3YP2Y00000919282022-01-012022-03-310000091928sji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:CommonStockMember2022-01-012022-03-310000091928sji:JuniorSubordinatedNotesDue2079Member2022-01-012022-03-310000091928sji:CorporateUnitsMember2022-01-012022-03-3100000919282022-05-01xbrli:shares0000091928sji:SouthJerseyGasCompanyMember2022-05-01iso4217:USD00000919282021-01-012021-03-310000091928sji:UtilityMember2022-01-012022-03-310000091928sji:UtilityMember2021-01-012021-03-310000091928sji:NonutilityMember2022-01-012022-03-310000091928sji:NonutilityMember2021-01-012021-03-31iso4217:USDxbrli:shares00000919282021-12-3100000919282020-12-3100000919282022-03-3100000919282021-03-310000091928us-gaap:CommonStockMember2021-12-310000091928us-gaap:AdditionalPaidInCapitalMember2021-12-310000091928us-gaap:TreasuryStockMember2021-12-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310000091928us-gaap:RetainedEarningsMember2021-12-310000091928us-gaap:ParentMember2021-12-310000091928us-gaap:NoncontrollingInterestMember2021-12-310000091928us-gaap:RetainedEarningsMember2022-01-012022-03-310000091928us-gaap:ParentMember2022-01-012022-03-310000091928us-gaap:NoncontrollingInterestMember2022-01-012022-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310000091928us-gaap:CommonStockMember2022-01-012022-03-310000091928us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310000091928us-gaap:TreasuryStockMember2022-01-012022-03-310000091928us-gaap:CommonStockMember2022-03-310000091928us-gaap:AdditionalPaidInCapitalMember2022-03-310000091928us-gaap:TreasuryStockMember2022-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-310000091928us-gaap:RetainedEarningsMember2022-03-310000091928us-gaap:ParentMember2022-03-310000091928us-gaap:NoncontrollingInterestMember2022-03-310000091928us-gaap:CommonStockMember2020-12-310000091928us-gaap:AdditionalPaidInCapitalMember2020-12-310000091928us-gaap:TreasuryStockMember2020-12-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310000091928us-gaap:RetainedEarningsMember2020-12-310000091928us-gaap:ParentMember2020-12-310000091928us-gaap:NoncontrollingInterestMember2020-12-310000091928us-gaap:RetainedEarningsMember2021-01-012021-03-310000091928us-gaap:ParentMember2021-01-012021-03-310000091928us-gaap:NoncontrollingInterestMember2021-01-012021-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-310000091928us-gaap:CommonStockMember2021-01-012021-03-310000091928us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-310000091928us-gaap:TreasuryStockMember2021-01-012021-03-310000091928us-gaap:CommonStockMember2021-03-310000091928us-gaap:AdditionalPaidInCapitalMember2021-03-310000091928us-gaap:TreasuryStockMember2021-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-310000091928us-gaap:RetainedEarningsMember2021-03-310000091928us-gaap:ParentMember2021-03-310000091928us-gaap:NoncontrollingInterestMember2021-03-310000091928sji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:SouthJerseyGasCompanyMember2021-12-310000091928sji:SouthJerseyGasCompanyMember2020-12-310000091928sji:SouthJerseyGasCompanyMember2022-03-310000091928sji:SouthJerseyGasCompanyMember2021-03-310000091928us-gaap:CommonStockMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:AdditionalPaidInCapitalMember2021-12-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:CommonStockMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:AdditionalPaidInCapitalMember2022-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:CommonStockMembersji:SouthJerseyGasCompanyMember2020-12-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:AdditionalPaidInCapitalMember2020-12-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2020-12-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2020-12-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928us-gaap:CommonStockMembersji:SouthJerseyGasCompanyMember2021-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:AdditionalPaidInCapitalMember2021-03-310000091928us-gaap:AccumulatedOtherComprehensiveIncomeMembersji:SouthJerseyGasCompanyMember2021-03-310000091928us-gaap:RetainedEarningsMembersji:SouthJerseyGasCompanyMember2021-03-31sji:county0000091928sji:ElizabethtownGasMember2022-03-310000091928sji:MarinaEnergyLlcMembersrt:SubsidiariesMembersji:AnnadaleMember2022-03-31xbrli:pure0000091928sji:MarinaEnergyLlcMembersrt:SubsidiariesMembersji:BronxMidcoLLCMember2022-03-310000091928sji:MarinaEnergyLlcMembersji:SolarEnergyProjectsAcquisitionMembersrt:SubsidiariesMembersji:BronxMidcoLLCMember2022-03-310000091928sji:EnerConnexLLCMember2020-08-070000091928sji:EnerConnexLLCMember2020-08-060000091928sji:NJBoardwalkHoldingsLLCMember2022-02-230000091928sji:NJBoardwalkHoldingsLLCMember2022-02-232022-02-2300000919282021-01-012021-12-310000091928sji:TimebasedRestrictedStockMembersji:OfficersAndKeyEmployeesMember2022-01-012022-03-310000091928sji:TimebasedRestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2022-01-012022-03-310000091928sji:TimebasedRestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2022-01-012022-03-310000091928sji:TimebasedRestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2022-01-012022-03-310000091928sji:PerformanceBasedRestrictedSharesMembersji:OfficersAndKeyEmployeesMember2022-01-012022-03-310000091928srt:MinimumMembersji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000091928srt:MaximumMembersji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2021-01-012021-03-310000091928us-gaap:StockAppreciationRightsSARSMember2021-01-012021-03-310000091928us-gaap:StockAppreciationRightsSARSMember2022-01-012022-03-310000091928us-gaap:PerformanceSharesMember2022-01-012022-03-310000091928srt:DirectorMemberus-gaap:RestrictedStockMember2022-01-012022-03-310000091928srt:DirectorMemberus-gaap:RestrictedStockMember2021-01-012021-03-310000091928srt:DirectorMember2022-01-012022-03-310000091928srt:DirectorMember2022-03-310000091928sji:GrantDate2020TSRMembersji:OfficersAndKeyEmployeesMember2022-03-310000091928sji:GrantDate2020TSRMembersji:OfficersAndKeyEmployeesMember2022-01-012022-03-310000091928sji:GrantDate2020CEGRTimeMembersji:OfficersAndKeyEmployeesMember2022-03-310000091928sji:OfficersAndKeyEmployeesMembersji:GrantDate2021TSRMember2022-03-310000091928sji:OfficersAndKeyEmployeesMembersji:GrantDate2021TSRMember2022-01-012022-03-310000091928sji:GrantDate2021CEGRTimeMembersji:OfficersAndKeyEmployeesMember2022-03-310000091928sji:OfficersAndKeyEmployeesMembersji:GrantDate2022TSRMember2022-03-310000091928sji:OfficersAndKeyEmployeesMembersji:GrantDate2022TSRMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMembersji:GrantDate2022CEGRTimeMember2022-03-310000091928sji:OfficersAndKeyEmployeesMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMember2021-01-012021-03-310000091928srt:DirectorMember2021-01-012021-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2021-12-310000091928srt:DirectorMemberus-gaap:RestrictedStockMember2021-12-310000091928us-gaap:RestrictedStockMember2021-12-310000091928us-gaap:RestrictedStockMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMember2022-03-310000091928srt:DirectorMemberus-gaap:RestrictedStockMember2022-03-310000091928us-gaap:RestrictedStockMember2022-03-310000091928sji:TimebasedRestrictedStockMembersji:OfficersAndKeyEmployeesMember2021-01-012021-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:OfficersAndKeyEmployeesMemberus-gaap:RestrictedStockMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:TimebasedRestrictedStockMembersji:OfficersAndKeyEmployeesMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2022-01-012022-03-310000091928sji:TimebasedRestrictedStockMembersji:OfficersAndKeyEmployeesMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2022-01-012022-03-310000091928sji:TimebasedRestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMembersji:OfficersAndKeyEmployeesMember2022-01-012022-03-310000091928sji:PennEastPipelineCompanyLLCPennEastMember2022-03-310000091928sji:MarinaEnergyLlcMembersji:EnergenicUsLlcMember2022-03-310000091928sji:MillenniumAccountServicesLLCMember2022-03-310000091928sji:PotatoCreekLlcPotatoCreekMember2022-03-310000091928sji:EnergyMarkMembersji:SouthJerseyEnergyCompanyMember2022-03-310000091928sji:SouthJerseyResourceGroupMembersji:EnergyMarkMember2022-01-012022-03-310000091928sji:SouthJerseyResourceGroupMembersji:EnergyMarkMember2021-01-012021-03-310000091928sji:REVLNGMember2022-03-310000091928sji:RedRiverMember2022-03-310000091928us-gaap:EquityMethodInvesteeMembersji:REVLNGMember2022-03-310000091928us-gaap:EquityMethodInvesteeMembersji:REVLNGMember2021-12-310000091928us-gaap:SecuredDebtMember2022-03-310000091928us-gaap:SecuredDebtMember2021-12-310000091928sji:EnergenicUsLlcMember2022-03-310000091928us-gaap:UnsecuredDebtMember2022-03-310000091928us-gaap:UnsecuredDebtMember2021-12-310000091928sji:ElizabethtownGasMemberus-gaap:SubsequentEventMember2022-04-012022-04-010000091928sji:SouthJerseyResourceGroupMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:SouthJerseyResourceGroupMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:OtherRelatedPartiesMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:OtherRelatedPartiesMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:SouthJerseyIndustriesIncMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:SouthJerseyIndustriesIncMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:SJIUMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:SJIUMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:SouthJerseyGasCompanyMembersji:MillenniumAccountServicesMember2022-01-012022-03-310000091928sji:SouthJerseyGasCompanyMembersji:MillenniumAccountServicesMember2021-01-012021-03-310000091928sji:PublicStockOfferingMember2021-03-222021-03-220000091928sji:PublicStockOfferingMember2021-03-220000091928sji:PublicStockOfferingMember2021-03-012021-03-310000091928us-gaap:PrivatePlacementMember2022-03-182022-03-180000091928sji:SeriesBJuniorSubordinatedNotesMemberus-gaap:ConvertibleDebtMember2022-03-310000091928sji:SeriesBJuniorSubordinatedNotesMemberus-gaap:ConvertibleDebtMember2021-12-310000091928us-gaap:ConvertibleDebtMember2022-01-012022-03-310000091928us-gaap:ConvertibleDebtMember2021-01-012021-03-310000091928sji:SeriesBJuniorSubordinatedNotesMember2022-03-310000091928srt:MinimumMembersji:SouthJerseyGasCompanyMemberus-gaap:FinanceReceivablesMember2022-01-012022-03-310000091928srt:MaximumMembersji:SouthJerseyGasCompanyMemberus-gaap:FinanceReceivablesMember2022-01-012022-03-310000091928us-gaap:FairValueInputsLevel2Membersji:SouthJerseyGasCompanyMemberus-gaap:FinanceReceivablesMember2022-03-310000091928us-gaap:FairValueInputsLevel2Membersji:SouthJerseyGasCompanyMemberus-gaap:FinanceReceivablesMember2021-12-310000091928us-gaap:FairValueInputsLevel2Member2022-03-310000091928us-gaap:FairValueInputsLevel2Member2021-12-310000091928us-gaap:FairValueInputsLevel2Membersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:FairValueInputsLevel2Membersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:UtilityOperationsMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:UtilityOperationsMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:UtilityOperationsMembersji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:UtilityOperationsMembersji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:UtilityOperationsMembersji:SJGETGAndELKUtilitiesOperationsSegmentsMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:UtilityOperationsMembersji:SJGETGAndELKUtilitiesOperationsSegmentsMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:EnergyManagementMembersji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:EnergyManagementMembersji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:EnergyManagementMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:EnergyManagementMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:WholesaleEnergyAndRetailServicesSegmentsMembersji:EnergyManagementMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:WholesaleEnergyAndRetailServicesSegmentsMembersji:EnergyManagementMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-01-012022-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-01-012021-03-310000091928sji:DecarbonizationSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-01-012022-03-310000091928sji:DecarbonizationSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-01-012021-03-310000091928sji:RenewablesAndDecarbonizationSegmentsMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-01-012022-03-310000091928sji:RenewablesAndDecarbonizationSegmentsMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-01-012021-03-310000091928us-gaap:OperatingSegmentsMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928us-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928us-gaap:IntersegmentEliminationMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMember2021-01-012021-03-310000091928sji:MidstreamSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:MidstreamSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:UtilityOperationsMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-03-310000091928sji:UtilityOperationsMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-12-310000091928sji:UtilityOperationsMembersji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:UtilityOperationsMembersji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-12-310000091928sji:UtilityOperationsMembersji:SJGETGAndELKUtilitiesOperationsSegmentsMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:UtilityOperationsMembersji:SJGETGAndELKUtilitiesOperationsSegmentsMemberus-gaap:OperatingSegmentsMember2021-12-310000091928sji:EnergyManagementMembersji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:EnergyManagementMembersji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-12-310000091928sji:EnergyManagementMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:EnergyManagementMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-12-310000091928sji:WholesaleEnergyAndRetailServicesSegmentsMembersji:EnergyManagementMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:WholesaleEnergyAndRetailServicesSegmentsMembersji:EnergyManagementMemberus-gaap:OperatingSegmentsMember2021-12-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-12-310000091928sji:DecarbonizationSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-03-310000091928sji:DecarbonizationSegmentMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-12-310000091928sji:RenewablesAndDecarbonizationSegmentsMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2022-03-310000091928sji:RenewablesAndDecarbonizationSegmentsMemberus-gaap:OperatingSegmentsMembersji:EnergyProductionMember2021-12-310000091928sji:MidstreamSegmentMemberus-gaap:OperatingSegmentsMember2022-03-310000091928sji:MidstreamSegmentMemberus-gaap:OperatingSegmentsMember2021-12-310000091928us-gaap:SegmentDiscontinuedOperationsMember2022-03-310000091928us-gaap:SegmentDiscontinuedOperationsMember2021-12-310000091928us-gaap:OperatingSegmentsMembersji:CorporateAndServicesSegmentMember2022-03-310000091928us-gaap:OperatingSegmentsMembersji:CorporateAndServicesSegmentMember2021-12-310000091928us-gaap:IntersegmentEliminationMember2022-03-310000091928us-gaap:IntersegmentEliminationMember2021-12-310000091928sji:NewJerseyBoardofPublicUtilitiesMembersji:SouthJerseyGasCompanyMembersji:AcceleratedInfrastructureReplacementProgramMember2022-01-012022-01-010000091928sji:SouthJerseyGasCompanyMembersji:AcceleratedInfrastructureReplacementProgramMember2022-01-012022-01-010000091928sji:TaxReformMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:SouthJerseyGasCompanyMembersji:RecoveryOfCostsOfEnergyEfficiencyProgramsMember2022-01-012022-03-310000091928us-gaap:SubsequentEventMembersji:NewJerseyBoardofPublicUtilitiesMembersji:SouthJerseyGasCompanyMember2022-04-300000091928sji:ElizabethtownGasMembersji:NewJerseyBoardofPublicUtilitiesMember2022-02-012022-02-240000091928sji:SouthJerseyGasCompanyMembersji:AnnualEETRateAdjustmentMember2022-01-012022-03-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:ElizabethtownGasMember2022-03-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:ElizabethtownGasMember2022-03-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928us-gaap:AssetRetirementObligationCostsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMemberus-gaap:AssetRetirementObligationCostsMember2022-03-310000091928us-gaap:AssetRetirementObligationCostsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SouthJerseyGasCompanyMembersji:DeferredPensionCostsAmortizationMember2022-03-310000091928sji:ElizabethtownGasMembersji:DeferredPensionCostsAmortizationMember2022-03-310000091928sji:SouthJerseyIndustriesIncMembersji:DeferredPensionCostsAmortizationMember2022-03-310000091928us-gaap:PensionCostsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMemberus-gaap:PensionCostsMember2022-03-310000091928us-gaap:PensionCostsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SouthJerseyGasCompanyMembersji:DeferredGasCostsMember2022-03-310000091928sji:ElizabethtownGasMembersji:DeferredGasCostsMember2022-03-310000091928sji:DeferredGasCostsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:ConservationIncentiveProgramReceivableMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:ConservationIncentiveProgramReceivableMember2022-03-310000091928sji:ConservationIncentiveProgramReceivableMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SocietalBenefitCostsReceivableMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:SocietalBenefitCostsReceivableMembersji:ElizabethtownGasMember2022-03-310000091928sji:SocietalBenefitCostsReceivableMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:DeferredInterestRateContractsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:DeferredInterestRateContractsMember2022-03-310000091928sji:DeferredInterestRateContractsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:EnergyEfficiencyTrackerMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:EnergyEfficiencyTrackerMembersji:ElizabethtownGasMember2022-03-310000091928sji:EnergyEfficiencyTrackerMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMember2022-03-310000091928sji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:WeatherNormalizationMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:WeatherNormalizationMember2022-03-310000091928sji:WeatherNormalizationMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:DeferredCOVID19CostsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:DeferredCOVID19CostsMember2022-03-310000091928sji:DeferredCOVID19CostsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SouthJerseyGasCompanyMembersji:OtherRegulatoryAssetsMember2022-03-310000091928sji:ElizabethtownGasMembersji:OtherRegulatoryAssetsMember2022-03-310000091928sji:OtherRegulatoryAssetsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:ElizabethtownGasMember2021-12-310000091928sji:EnvironmentalRestorationCostsExpendedNetMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:ElizabethtownGasMember2021-12-310000091928sji:EnvironmentalRestorationCostsLiabilityForFutureExpendituresMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928us-gaap:AssetRetirementObligationCostsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMemberus-gaap:AssetRetirementObligationCostsMember2021-12-310000091928us-gaap:AssetRetirementObligationCostsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:SouthJerseyGasCompanyMembersji:DeferredPensionCostsAmortizationMember2021-12-310000091928sji:ElizabethtownGasMembersji:DeferredPensionCostsAmortizationMember2021-12-310000091928sji:SouthJerseyIndustriesIncMembersji:DeferredPensionCostsAmortizationMember2021-12-310000091928us-gaap:PensionCostsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMemberus-gaap:PensionCostsMember2021-12-310000091928us-gaap:PensionCostsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:SouthJerseyGasCompanyMembersji:DeferredGasCostsMember2021-12-310000091928sji:ElizabethtownGasMembersji:DeferredGasCostsMember2021-12-310000091928sji:DeferredGasCostsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:ConservationIncentiveProgramReceivableMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:ConservationIncentiveProgramReceivableMember2021-12-310000091928sji:ConservationIncentiveProgramReceivableMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:SocietalBenefitCostsReceivableMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:SocietalBenefitCostsReceivableMembersji:ElizabethtownGasMember2021-12-310000091928sji:SocietalBenefitCostsReceivableMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:DeferredInterestRateContractsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:DeferredInterestRateContractsMember2021-12-310000091928sji:DeferredInterestRateContractsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:EnergyEfficiencyTrackerMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:EnergyEfficiencyTrackerMembersji:ElizabethtownGasMember2021-12-310000091928sji:EnergyEfficiencyTrackerMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMember2021-12-310000091928sji:AllowanceforFundsUsedUnderConstructionEquityRelatedDeferralsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:WeatherNormalizationMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:WeatherNormalizationMember2021-12-310000091928sji:WeatherNormalizationMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:DeferredCOVID19CostsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:DeferredCOVID19CostsMember2021-12-310000091928sji:DeferredCOVID19CostsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:SouthJerseyGasCompanyMembersji:OtherRegulatoryAssetsMember2021-12-310000091928sji:ElizabethtownGasMembersji:OtherRegulatoryAssetsMember2021-12-310000091928sji:OtherRegulatoryAssetsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:ElizabethtownGasMember2021-12-310000091928sji:SouthJerseyIndustriesIncMember2021-12-310000091928us-gaap:EnvironmentalRestorationCostsMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:JudicialRulingMembersji:PricingDisputeLongTermGasSupplyContractMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:JudicialRulingMembersji:PricingDisputeLongTermGasSupplyContractMembersji:SouthJerseyGasCompanyMember2021-01-012021-12-310000091928sji:DeferredCOVID19CostsMembersji:ElizabethtownGasMember2022-03-310000091928sji:DeferredCOVID19CostsMembersji:ElizabethtownGasMember2021-12-310000091928sji:ExcessPlantRemovalCostsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ElizabethtownGasMembersji:ExcessPlantRemovalCostsMember2022-03-310000091928sji:ExcessPlantRemovalCostsMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:SouthJerseyGasCompanyMembersji:TaxReformMember2022-03-310000091928sji:ElizabethtownGasMembersji:TaxReformMember2022-03-310000091928sji:SouthJerseyIndustriesIncMembersji:TaxReformMember2022-03-310000091928sji:DeferredRevenuesNetMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:DeferredRevenuesNetMembersji:ElizabethtownGasMember2022-03-310000091928sji:DeferredRevenuesNetMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:OtherRegulatoryLiabilitiesMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:OtherRegulatoryLiabilitiesMembersji:ElizabethtownGasMember2022-03-310000091928sji:OtherRegulatoryLiabilitiesMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:ExcessPlantRemovalCostsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:ElizabethtownGasMembersji:ExcessPlantRemovalCostsMember2021-12-310000091928sji:ExcessPlantRemovalCostsMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:SouthJerseyGasCompanyMembersji:TaxReformMember2021-12-310000091928sji:ElizabethtownGasMembersji:TaxReformMember2021-12-310000091928sji:SouthJerseyIndustriesIncMembersji:TaxReformMember2021-12-310000091928sji:DeferredRevenuesNetMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:DeferredRevenuesNetMembersji:ElizabethtownGasMember2021-12-310000091928sji:DeferredRevenuesNetMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928sji:OtherRegulatoryLiabilitiesMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:OtherRegulatoryLiabilitiesMembersji:ElizabethtownGasMember2021-12-310000091928sji:OtherRegulatoryLiabilitiesMembersji:SouthJerseyIndustriesIncMember2021-12-310000091928us-gaap:PensionPlansDefinedBenefitMember2022-01-012022-03-310000091928us-gaap:PensionPlansDefinedBenefitMember2021-01-012021-03-310000091928us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-03-310000091928us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-01-012021-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:PensionPlansDefinedBenefitMember2022-01-012022-03-310000091928us-gaap:JudicialRulingMembersji:PricingDisputeLongTermGasSupplyContractMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:PensionPlansDefinedBenefitMember2021-01-012021-03-310000091928us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2022-03-310000091928us-gaap:LineOfCreditMemberus-gaap:LineOfCreditMembersji:SouthJerseyIndustriesIncMember2022-03-310000091928sji:CommercialPaperandLettersofCreditMemberus-gaap:RevolvingCreditFacilityMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:LineOfCreditMemberus-gaap:RevolvingCreditFacilityMembersji:ElizabethtownGasMember2022-03-310000091928us-gaap:LineOfCreditMember2022-03-310000091928us-gaap:LineOfCreditMemberus-gaap:LineOfCreditMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:LineOfCreditMemberus-gaap:LineOfCreditMembersji:ElizabethtownGasMember2022-03-310000091928us-gaap:LineOfCreditMembersji:MasterRevolvingCreditFacilityTheCreditAgreementMemberus-gaap:RevolvingCreditFacilityMember2021-09-012021-09-010000091928us-gaap:LineOfCreditMember2022-01-012022-03-310000091928us-gaap:LineOfCreditMember2021-01-012021-03-310000091928us-gaap:LineOfCreditMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:LineOfCreditMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-31sji:contract0000091928sji:ParentalGuaranteeMember2022-03-310000091928sji:ParentalGuaranteeMember2022-01-012022-03-310000091928sji:REVLNGMember2021-12-31sji:employee0000091928sji:UnionizedCollectiveBargainingAgreementsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:UnionizedCollectiveBargainingAgreementsMembersji:ElizabethtownGasMember2022-03-310000091928sji:UnionizedCollectiveBargainingAgreementsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:UnionizedCollectiveBargainingAgreementsMembersji:ElizabethtownGasMember2021-12-310000091928sji:ComplaintsInConnectionWithMergerAgreementMember2022-01-012022-03-31sji:decatherm0000091928sji:LawsuitsFiledInUnitedStatesDistrictCourtForTheSouthernDistrictOfNewYorkMember2022-01-012022-03-31sji:lawsuit0000091928sji:LawsuitsFiledInUnitedStatesDistrictCourtForTheEasternDistrictOfNewYorkMember2022-01-012022-03-310000091928sji:LawsuitsFiledInUnitedStatesDistrictCourtForTheDistrictOfNewJerseyMember2022-01-012022-03-310000091928sji:LawsuitsFiledInUnitedStatesDistrictCourtForTheEasternDistrictOfPennsylvaniaMember2022-01-012022-03-310000091928us-gaap:NondesignatedMemberus-gaap:LongMembersji:EnergyRelatedDerivativeNaturalGasMember2022-01-012022-03-31utr:MMcfe0000091928us-gaap:NondesignatedMemberus-gaap:LongMembersji:EnergyRelatedDerivativeNaturalGasMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:NondesignatedMemberus-gaap:ShortMembersji:EnergyRelatedDerivativeNaturalGasMember2022-01-012022-03-310000091928us-gaap:NondesignatedMemberus-gaap:ShortMembersji:EnergyRelatedDerivativeNaturalGasMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:NondesignatedMembersji:BasisAndIndexContractsMember2022-01-012022-03-310000091928us-gaap:NondesignatedMembersji:SouthJerseyGasCompanyMembersji:BasisAndIndexContractsMember2022-01-012022-03-310000091928us-gaap:NondesignatedMember2022-01-012022-03-310000091928us-gaap:NondesignatedMember2021-01-012021-03-310000091928us-gaap:EnergyRelatedDerivativeMember2022-01-012022-03-310000091928us-gaap:EnergyRelatedDerivativeMember2021-01-012021-12-310000091928us-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2021-01-012021-12-310000091928sji:InterestRateSwapContract4Membersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:InterestRateSwapContract5Membersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:DerivativesEnergyRelatedCurrentMemberus-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMember2022-03-310000091928sji:DerivativesEnergyRelatedCurrentMemberus-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMember2021-12-310000091928us-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:DerivativesEnergyRelatedNoncurrentMember2022-03-310000091928us-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:DerivativesEnergyRelatedNoncurrentMember2021-12-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherCurrentMember2022-03-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherCurrentMember2021-12-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherNoncurrentMember2022-03-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherNoncurrentMember2021-12-310000091928us-gaap:NondesignatedMember2022-03-310000091928us-gaap:NondesignatedMember2021-12-310000091928sji:DerivativesEnergyRelatedCurrentMemberus-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:DerivativesEnergyRelatedCurrentMemberus-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMembersji:DerivativesEnergyRelatedNoncurrentMember2022-03-310000091928us-gaap:NondesignatedMemberus-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMembersji:DerivativesEnergyRelatedNoncurrentMember2021-12-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherCurrentMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:DerivativesOtherCurrentMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:SouthJerseyGasCompanyMembersji:DerivativesOtherNoncurrentMember2022-03-310000091928us-gaap:InterestRateContractMemberus-gaap:NondesignatedMembersji:SouthJerseyGasCompanyMembersji:DerivativesOtherNoncurrentMember2021-12-310000091928us-gaap:NondesignatedMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:NondesignatedMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:EnergyRelatedDerivativeMember2022-03-310000091928us-gaap:OtherContractMember2022-03-310000091928us-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:OtherContractMember2022-03-310000091928us-gaap:EnergyRelatedDerivativeMember2021-12-310000091928us-gaap:OtherContractMember2021-12-310000091928us-gaap:EnergyRelatedDerivativeMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:OtherContractMember2021-12-310000091928us-gaap:InterestRateContractMembersji:NonUtilityRevenueMember2022-01-012022-03-310000091928us-gaap:InterestRateContractMembersji:NonUtilityRevenueMember2021-01-012021-03-310000091928us-gaap:InterestRateContractMembersji:NonUtilityRevenueMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928us-gaap:InterestRateContractMembersji:NonUtilityRevenueMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928us-gaap:NondesignatedMemberus-gaap:CommodityContractMember2022-01-012022-03-310000091928us-gaap:NondesignatedMemberus-gaap:CommodityContractMember2021-01-012021-03-310000091928us-gaap:FairValueMeasurementsRecurringMember2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-03-310000091928us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:FairValueMeasurementsRecurringMember2021-12-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-12-310000091928us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-12-310000091928us-gaap:FairValueMeasurementsRecurringMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Membersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-31iso4217:USDsji:decatherm0000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2022-03-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Membersji:NaturalGasInMmdtsMemberus-gaap:ForwardContractsMembersji:SouthJerseyGasCompanyMemberus-gaap:MeasurementInputCommodityForwardPriceMember2021-12-310000091928us-gaap:MortgagesMembersji:AnnualPaymentsBeginningin2021FinalPaymentDuein20264.84PercentMembersji:SouthJerseyGasCompanyMember2022-03-012022-03-310000091928us-gaap:MortgagesMembersji:AnnualPaymentsBeginningin2021FinalPaymentDuein20264.84PercentMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:ResidentialMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:ETGUtilityOperationsSegmentMembersji:ResidentialMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:ResidentialMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMembersji:ResidentialMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:ResidentialMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2022-01-012022-03-310000091928sji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2022-01-012022-03-310000091928sji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2022-01-012022-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMembersji:CommercialandIndustrialMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:CommercialandIndustrialMember2022-01-012022-03-310000091928sji:OSSandCapacityReleaseMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:OSSandCapacityReleaseMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMemberus-gaap:OtherCustomerMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928us-gaap:OtherCustomerMember2022-01-012022-03-310000091928us-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:GasMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2022-01-012022-03-310000091928sji:ETGUtilityOperationsSegmentMembersji:GasMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:WholesaleEnergyOperationsSegmentMembersji:GasMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928us-gaap:IntersegmentEliminationMembersji:GasMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:GasMember2022-01-012022-03-310000091928sji:ElectricMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:ElectricMemberus-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:ElectricMember2022-01-012022-03-310000091928sji:SolarMembersji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:SolarMember2022-01-012022-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:FuelCellsMember2022-01-012022-03-310000091928sji:FuelCellsMember2022-01-012022-03-310000091928sji:OtherProductsMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:OtherProductsMembersji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2022-01-012022-03-310000091928sji:OtherProductsMemberus-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2022-01-012022-03-310000091928sji:OtherProductsMember2022-01-012022-03-310000091928sji:ResidentialMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:ETGUtilityOperationsSegmentMembersji:ResidentialMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:ResidentialMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:ResidentialMember2021-01-012021-03-310000091928us-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2021-01-012021-03-310000091928sji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2021-01-012021-03-310000091928sji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2021-01-012021-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:CommercialandIndustrialMember2021-01-012021-03-310000091928us-gaap:IntersegmentEliminationMembersji:CommercialandIndustrialMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928sji:CommercialandIndustrialMember2021-01-012021-03-310000091928sji:OSSandCapacityReleaseMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:OSSandCapacityReleaseMember2021-01-012021-03-310000091928us-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMember2021-01-012021-03-310000091928sji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMemberus-gaap:OtherCustomerMember2021-01-012021-03-310000091928us-gaap:IntersegmentEliminationMemberus-gaap:OtherCustomerMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928us-gaap:OtherCustomerMember2021-01-012021-03-310000091928us-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:ETGUtilityOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:WholesaleEnergyOperationsSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928us-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928sji:GasMemberus-gaap:OperatingSegmentsMembersji:SJGUtilityOperationsSegmentMember2021-01-012021-03-310000091928sji:ETGUtilityOperationsSegmentMembersji:GasMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:WholesaleEnergyOperationsSegmentMembersji:GasMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928us-gaap:IntersegmentEliminationMembersji:GasMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928sji:GasMember2021-01-012021-03-310000091928sji:ElectricMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:ElectricMemberus-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928sji:ElectricMember2021-01-012021-03-310000091928sji:SolarMembersji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:SolarMember2021-01-012021-03-310000091928sji:LandfillsMembersji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:LandfillsMember2021-01-012021-03-310000091928sji:RenewablesSegmentMemberus-gaap:OperatingSegmentsMembersji:FuelCellsMember2021-01-012021-03-310000091928sji:FuelCellsMember2021-01-012021-03-310000091928sji:OtherProductsMembersji:RetailServicesSegmentMemberus-gaap:OperatingSegmentsMember2021-01-012021-03-310000091928sji:OtherProductsMemberus-gaap:IntersegmentEliminationMembersji:CorporateAndServicesSegmentMember2021-01-012021-03-310000091928sji:OtherProductsMember2021-01-012021-03-310000091928us-gaap:BilledRevenuesMember2021-12-310000091928us-gaap:UnbilledRevenuesMember2021-12-310000091928us-gaap:BilledRevenuesMember2022-03-310000091928us-gaap:UnbilledRevenuesMember2022-03-310000091928us-gaap:BilledRevenuesMember2022-01-012022-03-310000091928us-gaap:UnbilledRevenuesMember2022-01-012022-03-310000091928us-gaap:BilledRevenuesMember2020-12-310000091928us-gaap:UnbilledRevenuesMember2020-12-310000091928us-gaap:BilledRevenuesMember2021-03-310000091928us-gaap:UnbilledRevenuesMember2021-03-310000091928us-gaap:BilledRevenuesMember2021-01-012021-03-310000091928us-gaap:UnbilledRevenuesMember2021-01-012021-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2021-12-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2021-12-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2022-03-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2022-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2022-01-012022-03-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2022-01-012022-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2020-12-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2020-12-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2021-03-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2021-03-310000091928sji:SouthJerseyGasCompanyMemberus-gaap:BilledRevenuesMember2021-01-012021-03-310000091928us-gaap:UnbilledRevenuesMembersji:SouthJerseyGasCompanyMember2021-01-012021-03-310000091928sji:CatamaranMembersji:BronxMidcoLLCMember2021-06-090000091928sji:CatamaranMember2021-06-09utr:MW0000091928sji:MarinaEnergyLlcMembersji:CatamaranMembersji:BronxMidcoLLCMember2021-06-090000091928sji:BronxMidcoLLCMember2022-01-012022-03-310000091928sji:CatamaranMembersji:BronxMidcoLLCMember2022-01-012022-03-310000091928sji:MarinaEnergyLlcMembersji:BronxMidcoLLCMember2022-01-012022-03-310000091928sji:MarinaEnergyLlcMembersji:BronxMidcoLLCMember2022-03-310000091928sji:RedRiverMembersji:DevcoLLCMembersji:SouthJerseyIndustriesIncMember2022-03-220000091928sji:ETGUtilityOperationsMember2021-12-310000091928sji:ETGUtilityOperationsMember2022-03-310000091928sji:RetailServicesSegmentMember2021-12-310000091928sji:RetailServicesSegmentMember2022-03-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
(Mark one)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2022
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________________ to ______________________
Commission
File Number
Exact name of registrant as
specified in its charter
State of
Incorporation
I.R.S. Employer Identification No.
1-6364South Jersey Industries, Inc.New Jersey22-1901645
000-22211South Jersey Gas CoNew Jersey21-0398330
Address of principal executive offices
City
State
Zip Code
Registrant's telephone number, including area code
South Jersey Industries, Inc.
1 South Jersey Plaza
Folsom
New Jersey08037
(609)
561-9000
South Jersey Gas Co
1 South Jersey Plaza
Folsom
New Jersey08037
(609)
561-9000

Securities registered pursuant to Section 12(b) of the Act:

South Jersey Industries, Inc.
Title of each classTrading Symbol(s)Name of exchange on which registered
Common Stock - $1.25 par value per shareSJINew York Stock Exchange
5.625% Junior Subordinated Notes due 2079SJIJNew York Stock Exchange
Corporate UnitsSJIVNew York Stock Exchange
South Jersey Gas Co
Title of each classTrading Symbol(s)Name of exchange on which registered
NoneN/AN/A

Indicate by check mark whether each registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that such registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes    No

Indicate by check mark whether each registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that such registrant was required to submit such files). Yes    No

Indicate by check mark whether each registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
South Jersey Industries, Inc.:
Large accelerated filerAccelerated filer      Non-accelerated filer    
Smaller reporting company      Emerging growth company     
South Jersey Gas Co:
Large accelerated filer   Accelerated filer      Non-accelerated filer
Smaller reporting company      Emerging growth company     



If an emerging growth company, indicate by check mark if either registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

Indicate by check mark whether either registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No
South Jersey Industries, Inc. (SJI) common stock ($1.25 par value) outstanding as of May 1, 2022 was 122,407,427 shares. South Jersey Gas Company common stock ($2.50 par value) outstanding as of May 1, 2022 was 2,339,139 shares. All of South Jersey Gas Company's outstanding shares of common stock are held by SJI Utilities, Inc., which is a wholly-owned subsidiary of SJI.
South Jersey Gas Company is an indirect wholly-owned subsidiary of SJI and meets the conditions set forth in General Instruction H(1)(a) and (b) of Form 10-Q. As such, South Jersey Gas Company files its Quarterly Report on Form 10-Q with the reduced disclosure format authorized by General Instruction H.



TABLE OF CONTENTS
PART IFINANCIAL INFORMATIONPage No.
Item 1.Financial Statements (Unaudited)
South Jersey Industries, Inc.
 
 
 
 
South Jersey Gas Company
 
  South Jersey Industries, Inc. and South Jersey Gas Company - Combined
 
 
 
 
 
 
 
 
 
 
Note 10. Lines of Credit & Short-Term Borrowings
 
 
 
 
Item 2.
Item 3.
Item 4.
PART IIOTHER INFORMATION 
Item 1.
Item 1A.
Item 6.



GLOSSARY OF TERMS AND ABBREVIATIONS
ACBACB Energy Partners, LLC
ACLEAC Landfill Energy, LLC
ADITAccumulated Deferred Income Taxes
AEPApplied Energy Partners, LLC
AFUDCAllowance for Funds During Construction
AIRPAccelerated Infrastructure Replacement Program
AMAAsset Management Agreement
AnnadaleAnnadale Community Clean Energy Projects LLC
AOCLAccumulated Other Comprehensive Loss
AROAsset Retirement Obligation
ASCAccounting Standards Codification
ASUAccounting Standards Update
ATMAt-The-Market
BCLEBC Landfill Energy, LLC
BGSSBasic Gas Supply Service
BPUNew Jersey Board of Public Utilities
Bronx MidcoBronx Midco, LLC
CARES ActCoronavirus Aid, Relief and Economic Security Act of 2020
Catamaran
Catamaran Renewables, LLC
CBACollective Bargaining Agreement
CEGRCompounded Earnings Annual Growth Rate
CEPClean Energy Program (ETG)
CHPCombined Heat and Power
CIPConservation Incentive Program
CLEPClean Energy Program (SJG)
CODMChief Operating Decision Maker
COVID-19A highly contagious respiratory disease caused by the SARS-CoV-2 virus
DRPDividend Reinvestment Plan
dt Decatherm
dts/dDecatherms per day
EDITExcess Deferred Income Taxes
EEPEnergy Efficiency Program
EETEnergy Efficiency Tracker
EGREarnings Growth Rate
ELKElkton Gas Company
EMIEnergy & Minerals, Inc.
EMPEnergy Master Plan
EnerConnexEnerConnex, LLC
EnergenicEnergenic US, LLC
EnergyMarkEnergyMark, LLC
EPSEarnings Per Share
ERISAEmployee Retirement Income Security Act of 1974
ETGElizabethtown Gas Company
ETG AcquisitionThe Company's acquisition of the assets of Elizabethtown Gas Company, effective July 1, 2018, from Pivotal Utility Holdings, Inc., a subsidiary of Southern Company Gas
4

FASBFinancial Accounting Standards Board
FERCFederal Energy Regulatory Commission
GAAPGenerally Accepted Accounting Principles for financial reporting in the United States
IAMInternational Association of Machinists and Aerospace Workers
IBEWInternational Brotherhood of Electrical Workers
IIPInfrastructure Investment Programs
ITCInvestment Tax Credit
LIBORLondon Interbank Offer Rate
LLLifeline Credit and Tenants Assistance Program
LMPLocational Marginal Price
MarinaMarina Energy, LLC
Merger; Merger Agreement
Agreement and plan of merger signed by SJI with NJ Boardwalk Holdings LLC and Boardwalk Merger Sub, Inc.
MidstreamSJI Midstream, LLC
MillenniumMillennium Account Services, LLC
MPSCMaryland Public Service Commission
MMdtsOne million decatherms
MMmWhOne million megawatt hours
MorieThe Morie Company, Inc.
MTFMarina Thermal Facility
MTNMedium Term Notes
MWMegawatt
MWhMegawatt-hours
NCINoncontrolling Interests
NOLNet Operating Loss
Non-GAAPThe financial measures that are not prepared in accordance with U.S. GAAP
NPANote Purchase Agreement
NJEDANew Jersey Economic Development Authority
NYMEXNew York Mercantile Exchange
OSMCOn-System Margin Sharing Credit
OSSOff-System Sales
PennEastPennEast Pipeline, LLC
Potato CreekPotato Creek, LLC
RACRemediation Adjustment Clause
Red RiverRed River RNG, LLC
REVREV LNG, LLC
RNGRenewable Natural Gas
ROEReturn on Equity
ROURight of Use
SBCSocietal Benefits Clause
SCLESC Landfill Energy, LLC
SECSecurities and Exchange Commission
SERPSupplemental Executive Retirement Plan
SHARPStorm Hardening and Reliability Program
SJESouth Jersey Energy Company
SJEISJI Energy Investments, LLC
SJESSouth Jersey Energy Solutions, LLC
5

SJESPSouth Jersey Energy Service Plus, LLC
SJEXSouth Jersey Exploration, LLC
SJFSouth Jersey Fuel, Inc.
SJGSouth Jersey Gas Co or South Jersey Gas Company
SJISouth Jersey Industries, Inc., or the Company
SJIUSJI Utilities, Inc.
SJRGSouth Jersey Resources Group, LLC
SRECsSolar Renewable Energy Credits
SXLESX Landfill Energy, LLC
Tax ReformTax Cuts and Jobs Act which was enacted into law on December 22, 2017
TICTransportation Initiation Clause
TSATransition Services Agreement
TSRTotal Shareholder Return
UtilitiesRepresents SJI's two utility businesses: SJG, and ETG
USFStatewide Universal Service Fund
UWUAUnited Workers Union of America
VSIPVoluntary Separation Incentive Program
WNCWeather Normalization Clause

6


INTRODUCTION

FILING FORMAT

This Quarterly Report on Form 10-Q is a combined report being filed separately by two registrants: South Jersey Industries, Inc. (SJI) and South Jersey Gas Company (SJG). Information relating to SJI or any of its subsidiaries, other than SJG, is filed by SJI on its own behalf. SJG is only responsible for information about itself.

Except where the content clearly indicates otherwise, any reference in the report to "SJI," "the Company," "we," "us" or "our" is to the holding company or SJI and all of its subsidiaries, including SJG, which is a wholly-owned subsidiary of SJI Utilities, Inc. (which is wholly-owned by SJI).

Part 1 - Financial information in this Quarterly Report on Form 10-Q includes separate financial statements (i.e., balance sheets, statements of income, statements of comprehensive income, statements of equity and statements of cash flows) for each of SJI and SJG. The Notes to Unaudited Condensed Consolidated Financial Statements are presented on a combined basis for both SJI and SJG. Management's Discussion and Analysis of Financial Condition and Results of Operations (Management's Discussion) included under Item 2 is divided into two major sections: SJI and SJG.

7

Item 1. Condensed Consolidated Financial Statements
 
SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Thousands, Except for Per Share Data)
Three Months Ended
March 31,
20222021
Operating Revenues:
Utility$490,219 $402,616 
Nonutility334,359 271,684 
Total Operating Revenues824,578 674,300 
Operating Expenses:
Cost of Sales - (Excluding depreciation and amortization)
 - Utility200,504 126,513 
 - Nonutility307,764 245,061 
Operations and Maintenance78,978 70,103 
Depreciation33,957 31,812 
Energy and Other Taxes4,775 3,983 
Total Operating Expenses625,978 477,472 
Operating Income 198,600 196,828 
Other Income and Expense2,603 2,068 
Interest Charges(31,579)(31,459)
Income Before Income Taxes169,624 167,437 
Income Taxes(40,666)(41,769)
Equity in Earnings of Affiliated Companies456 3,130 
Income from Continuing Operations129,414 128,798 
Loss from Discontinued Operations - (Net of tax benefit)(70)(71)
Net Income129,344 128,727 
Less: Income Attributable to Noncontrolling Interests135 129 
       Net Income Attributable to South Jersey Industries, Inc.$129,209 $128,598 
Basic Earnings Per Common Share:
Continuing Operations$1.10 $1.28 
Discontinued Operations  
Net Income1.10 1.28 
 Less: Income Attributable to Noncontrolling Interests  
 Net Income Attributable to South Jersey Industries, Inc.$1.10 $1.28 
Average Shares of Common Stock Outstanding - Basic118,167 100,845 
Diluted Earnings Per Common Share:
Continuing Operations$1.08 $1.26 
Discontinued Operations  
Net Income1.08 1.26 
       Less: Income Attributable to Noncontrolling Interests  
       Net Income Attributable to South Jersey Industries, Inc.$1.08 $1.26 
Average Shares of Common Stock Outstanding - Diluted119,747 101,937 

The accompanying notes are an integral part of the condensed consolidated financial statements.
8


SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(In Thousands)
 
Three Months Ended
March 31,
 20222021
Net Income$129,344 $128,727 
Other Comprehensive Income, Net of Tax:
Reclassification of Unrealized Gain on Derivatives - Other to Net Income, net of tax of $(4) and $(4), respectively
9 8 
Other Comprehensive Income - Net of Tax9 8 
Comprehensive Income 129,353 128,735 
Less: Comprehensive Income Attributable to Noncontrolling Interests135 129 
Comprehensive Income Attributable to South Jersey Industries, Inc.$129,218 $128,606 
The accompanying notes are an integral part of the condensed consolidated financial statements.


9

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In Thousands)
 
Three Months Ended
March 31,
 20222021
Net Cash Provided by Operating Activities$306,957 $198,463 
Cash Flows from Investing Activities:  
Capital Expenditures (121,473)(105,380)
Investment in Contract Receivables(5,704)(6,166)
Proceeds from Contract Receivables3,427 3,370 
Investment in Affiliates(20,769)(196)
Return of Investment in Affiliates4,000  
Advances to Affiliates(12,105) 
Net Repayment of Notes Receivable - Affiliates 311 
Divestiture Working Capital Settlement (267)
Investment in Subsidiary, Net of Cash Acquired(5,660) 
Other (4,000)
Net Cash Used in Investing Activities (158,284)(112,328)
Cash Flows from Financing Activities:  
Net Repayments of Short-Term Credit Facilities(243,300)(425,100)
Proceeds from Issuance of Long-Term Debt 300,000 
Principal Repayments of Long-Term Debt(2,500)(2,500)
Payments for Issuance of Long-Term Debt (9,108)
Proceeds from Sale of Common Stock100,380 42,272 
Payments for the Issuance of Common Stock  (1,662)
Capital Distributions to Noncontrolling Interests in Subsidiaries(130) 
Capital Contributions of Noncontrolling Interests in Subsidiaries43  
Net Cash Used in Financing Activities(145,507)(96,098)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash3,166 (9,963)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 29,440 41,831 
Cash, Cash Equivalents and Restricted Cash at End of Period $32,606 $31,868 

The accompanying notes are an integral part of the condensed consolidated financial statements.









10

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In Thousands)
March 31,
2022
December 31,
2021
Assets  
Property, Plant and Equipment:  
Utility Plant, at original cost$5,775,603 $5,682,805 
Accumulated Depreciation(997,976)(975,619)
Nonutility Property and Equipment, at cost262,704 240,503 
Accumulated Depreciation(37,342)(35,367)
Property, Plant and Equipment - Net5,002,989 4,912,322 
Investments:  
Available-for-Sale Securities37 37 
Restricted84 686 
Investment in Affiliates53,884 38,509 
Total Investments54,005 39,232 
Current Assets:  
Cash and Cash Equivalents32,522 28,754 
Accounts Receivable407,313 343,835 
Unbilled Revenues74,296 87,357 
Provision for Uncollectibles(46,969)(41,763)
Notes Receivable - Affiliates2,995 5,695 
Natural Gas in Storage, average cost19,613 59,744 
Materials and Supplies, average cost1,082 1,053 
Prepaid Taxes12,100 33,977 
Derivatives - Energy Related Assets150,133 95,041 
Other Prepayments and Current Assets24,271 25,269 
Total Current Assets677,356 638,962 
Regulatory and Other Noncurrent Assets:  
Regulatory Assets624,229 672,416 
Derivatives - Energy Related Assets52,102 22,488 
Notes Receivable - Affiliates79,080 64,254 
Contract Receivables47,103 45,339 
Goodwill706,960 706,960 
Other213,002 206,699 
Total Regulatory and Other Noncurrent Assets1,722,476 1,718,156 
Total Assets7,456,826 $7,308,672 
 
The accompanying notes are an integral part of the condensed consolidated financial statements.
11

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In Thousands)
March 31,
2022
December 31,
2021
Capitalization and Liabilities  
Equity:  
Common Stock$153,009 $146,675 
Premium on Common Stock1,653,313 1,559,060 
Treasury Stock (at par)(255)(287)
Accumulated Other Comprehensive Loss(26,720)(26,729)
Retained Earnings403,244 310,433 
   Total South Jersey Industries, Inc. Equity2,182,591 1,989,152 
   Noncontrolling Interests10,337 10,289 
Total Equity2,192,928 1,999,441 
Long-Term Debt 3,187,571 3,189,009 
Total Capitalization5,380,499 5,188,450 
Current Liabilities:  
Notes Payable90,700 334,000 
Current Portion of Long-Term Debt66,076 66,076 
Accounts Payable358,632 330,164 
Customer Deposits and Credit Balances26,581 40,355 
Environmental Remediation Costs37,506 40,905 
Taxes Accrued7,844 4,937 
Derivatives - Energy Related Liabilities93,458 60,002 
   Deferred Contract Revenues532 753 
Derivatives - Other Current435 568 
Dividends Payable36,398  
Interest Accrued37,580 23,611 
Other Current Liabilities53,049 54,311 
Total Current Liabilities808,791 955,682 
Deferred Credits and Other Noncurrent Liabilities:  
Deferred Income Taxes - Net241,220 198,901 
Environmental Remediation Costs123,109 125,176 
Asset Retirement Obligations231,113 229,030 
Derivatives - Energy Related Liabilities34,681 16,079 
Derivatives - Other Noncurrent5,582 7,432 
Regulatory Liabilities443,639 398,951 
Other188,192 188,971 
Total Deferred Credits and Other Noncurrent Liabilities1,267,536 1,164,540 
Commitments and Contingencies  (Note 11)
Total Capitalization and Liabilities$7,456,826 $7,308,672 
 
The accompanying notes are an integral part of the condensed consolidated financial statements.
12

SOUTH JERSEY INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)
(In Thousands, Except for Per Share Data)
 Common StockPremium on Common StockTreasury StockAOCLRetained EarningsTotal South Jersey Industries, Inc. EquityNCITotal Equity
 
Balance at January 1, 2022$146,675 $1,559,060 $(287)$(26,729)$310,433 $1,989,152 $10,289 $1,999,441 
Net Income— — — — 129,209 129,209 135 129,344 
Other Comprehensive Income, Net of Tax— — — 9 — 9 — 9 
Common Stock Issued or Granted Through Equity Offering or Stock Plans6,334 94,253 32 — — 100,619 — 100,619 
Cash Dividends Declared - Common Stock ($0.310 per share)
— — — — (36,398)(36,398)— (36,398)
Capital Distributions to Noncontrolling Interests in Subsidiaries— — — — — — (130)(130)
Capital Contributions of Noncontrolling Interests in Subsidiaries— — — — — — 43 43 
Balance at March 31, 2022$153,009 $1,653,313 $(255)$(26,720)$403,244 $2,182,591 $10,337 $2,192,928 
 Common StockPremium on Common StockTreasury StockAOCLRetained EarningsTotal South Jersey Industries, Inc. EquityNCITotal Equity
 
Balance at January 1, 2021$125,740 $1,218,000 $(321)$(38,216)$355,678 $1,660,881 $5,995 $1,666,876 
Net Income— — — — 128,598 128,598 129 128,727 
Other Comprehensive Income, Net of Tax— — — 8 — 8 — 8 
Common Stock Issued or Granted Through Equity Offering or Stock Plans2,475 37,771 57 — — 40,303 — 40,303 
Contract Liability Adjustment (see Note 4)— (62,219)— — — (62,219)— (62,219)
Cash Dividends Declared - Common Stock ($0.303 per share)
— — — — (30,453)(30,453)— (30,453)
Balance at March 31, 2021$128,215 $1,193,552 $(264)$(38,208)$453,823 $1,737,118 $6,124 $1,743,242 

The accompanying notes are an integral part of the condensed consolidated financial statements.



13

SOUTH JERSEY GAS COMPANY
CONDENSED STATEMENTS OF INCOME (UNAUDITED)
(In Thousands)
Three Months Ended
March 31,
20222021
Operating Revenues $322,263 $251,399 
Operating Expenses:
Cost of Sales (Excluding depreciation and amortization)129,868 74,537 
Operations and Maintenance44,226 37,268 
Depreciation20,467 19,208 
Energy and Other Taxes2,000 1,544 
Total Operating Expenses196,561 132,557 
Operating Income125,702 118,842 
Other Income and Expense1,539 1,615 
Interest Charges(9,723)(9,725)
Income Before Income Taxes117,518 110,732 
Income Taxes(