NJR

New Jersey Natural Gas Files Annual Rate Adjustments With the New Jersey Board of Public Utilities

Retrieved on: 
金曜日, 5月 31, 2024
Public Policy, Government, Energy, State, Local, Utilities, Balancing, Public, Weather, CIP, BPU, New Jersey Resources, NJR, BGSS, Renewable energy

New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU).

Key Points: 
  • New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU).
  • The overall impact of these filings is a 0.5% increase for typical residential heating customers purchasing their supply from NJNG.
  • “New Jersey Natural Gas is dedicated to providing safe, reliable natural gas service at a reasonable price,” said Patrick Migliaccio, senior vice president and COO of New Jersey Natural Gas.
  • The BGSS and Balancing Charge recover the cost of natural gas supplied to customers and balance deliveries with customer usage.

New Jersey Natural Gas Announces Installation of State’s First CarbinX Carbon Capture Units

Retrieved on: 
火曜日, 5月 14, 2024
Environment, Climate Change, Environmental Policy, Environmental Health, Utilities, Oil, Gas, Green Technology, Energy, Recycling, Data collection, Learning, Ecosystem, Carbon, New Jersey Resources, Research, Detergent, Newsweek, NJR, Climate, HVAC, Soap, Water, Renewable energy

These units are the first of their kind in operation in New Jersey.

Key Points: 
  • These units are the first of their kind in operation in New Jersey.
  • The installation of units like these is another way for businesses to help lower their carbon footprint.
  • “We are excited to expand CarbinX into New Jersey with New Jersey Natural Gas,” said Jaeson Cardiff, founder and CEO of CleanO2.
  • Advanced cutting-edge, lower-carbon energy solutions that include carbon-capture technology and high-efficiency natural gas heat pumps in NJR’s facilities.

New Jersey Resources Reports Fiscal 2024 Second-Quarter Results

Retrieved on: 
火曜日, 5月 7, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Storm, Sale, Investment, Transport, Safety, CEV, SREC, Depreciation, BGSS, IIP, Capital expenditure, Public expenditure, TREC, BPU, File, GAAP, Operation, NJR

NJNG reported second-quarter fiscal 2024 NFE of $107.1 million, compared to NFE of $100.7 million during the same period in fiscal 2023.

Key Points: 
  • NJNG reported second-quarter fiscal 2024 NFE of $107.1 million, compared to NFE of $100.7 million during the same period in fiscal 2023.
  • Fiscal 2024 year-to-date NFE were $158.5 million, compared to NFE of $155.4 million during the same period in fiscal 2023.
  • NJNG added 4,058 new customers during the first six months of fiscal 2024, compared with 4,064 during the same period of fiscal 2023.
  • Fiscal 2024 year-to-date NFE were $5.6 million, compared with NFE of $8.7 million during the same period in fiscal 2023.

New Jersey Resources Celebrates Earth Day With Pledge to Support Coastal Resilience and Healthy Ecosystems Through Monmouth University’s Urban Coast Institute

Retrieved on: 
月曜日, 4月 22, 2024
Environment, Oil, Gas, Alternative Energy, Environmental Issues, Energy, Environmental Health, Climate Change, Education, Climate change, Ecosystem, Climate, Natural gas, CCI, Research, Carbon, Newsweek, Erosion, UCI, Earth Day, Student, Bird, Organization, NJR

“In recognition of Earth Day, New Jersey Resources is pleased to support the Clam Cove Living Shoreline project and the vital work of Monmouth University’s Urban Coast Institute, as well as its project partners,” said Steve Westhoven, president and CEO of New Jersey Resources.

Key Points: 
  • “In recognition of Earth Day, New Jersey Resources is pleased to support the Clam Cove Living Shoreline project and the vital work of Monmouth University’s Urban Coast Institute, as well as its project partners,” said Steve Westhoven, president and CEO of New Jersey Resources.
  • The primary goals of the pilot project are to stabilize a widening breach in the cove and reduce the loss of marshland.
  • Additionally, the planned work will support carbon sequestration through the installation of a natural oyster reef breakwater.
  • These efforts will help provide increased resiliency to the Long Beach Township community and improve habitats for fish, birds and other species.

New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel

Retrieved on: 
金曜日, 4月 19, 2024
Oil, Gas, Environmental Issues, Fleet Management, Environmental Health, Sustainability, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Environment, Trucking, Transport, Logistics, Supply Chain Management, EPA, Commercial, Natural gas, Partnership, Senior, Legislation, GHG, New Jersey Resources, NJR, Renewable energy

It is now the first natural gas utility on the East Coast to incorporate Neste MY Renewable Diesel™ to fuel a portion of its fleet operations.

Key Points: 
  • It is now the first natural gas utility on the East Coast to incorporate Neste MY Renewable Diesel™ to fuel a portion of its fleet operations.
  • New Jersey Natural Gas’ use of renewable diesel to help reduce our fleet emissions is the next step toward this goal,” said Patrick Migliaccio, Senior Vice President and COO of New Jersey Natural Gas.
  • “Together with Neste and KW Rastall, our fuel supplier, we are helping lower transportation related emissions in New Jersey.”
    According to Neste, the world's leading producer of renewable diesel, Neste MY Renewable Diesel is made from sustainably sourced, 100% renewable raw materials and can reduce up to 75%* of GHG emissions over the fuel’s life cycle compared with fossil diesel.
  • “We are excited to help New Jersey Natural Gas reduce their fleet emissions with renewable diesel.

New Jersey Resources Board of Directors Declares Quarterly Dividend

Retrieved on: 
木曜日, 4月 18, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, New Jersey Resources, NJR

The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.42 per share.

Key Points: 
  • The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously declared a quarterly dividend on its common stock of $0.42 per share.
  • The dividend will be payable on July 1, 2024, to shareowners of record as of June 12, 2024.
  • The Company is committed to providing value to its shareowners with a competitive return and has paid quarterly dividends continuously since its inception in 1952.

New Jersey Resources Schedules Fiscal 2024 Second Quarter Earnings Call

Retrieved on: 
水曜日, 4月 10, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Scroll, New Jersey Resources, Senior, Webcast, NJR, Broadcasting

New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2024 second quarter financial results on Tuesday, May 7, 2024, at 10 a.m.

Key Points: 
  • New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2024 second quarter financial results on Tuesday, May 7, 2024, at 10 a.m.
  • ET.
  • President and Chief Executive Officer Steve Westhoven and Senior Vice President and Chief Financial Officer Roberto Bel will present an overview of NJR’s financial and operational performance for the second quarter of fiscal 2024.
  • A few minutes prior to the webcast, visit www.njresources.com and select “ Investor Relations .” Scroll down and click the webcast link under “ Latest Events ” on the right side of the page.

CI RENEWABLES LLC AND NJR CLEAN ENERGY VENTURES FORM SOLAR DEVELOPMENT PARTNERSHIP

Retrieved on: 
木曜日, 3月 7, 2024
Engineering, Energy, New Jersey Resources, CEV, NJR, Renewable energy

BALTIMORE, March 7, 2024 /PRNewswire/ -- CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced today that it has entered into an agreement with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to jointly develop commercial and industrial solar power projects in the mid-Atlantic region of the United States.

Key Points: 
  • BALTIMORE, March 7, 2024 /PRNewswire/ -- CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced today that it has entered into an agreement with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to jointly develop commercial and industrial solar power projects in the mid-Atlantic region of the United States.
  • Joshua Smith, a Managing Partner of CI said, "We are delighted to partner with NJR Clean Energy Ventures to pursue the next stage in our development of large-scale solar projects.
  • CEV brings to CI a reliable and well capitalized partner with a deep background of construction and operations of solar projects."
  • "CI will be a strong partner for CEV," stated Robert Pohlman, Vice President-Corporate Strategy, NJR Clean Energy Ventures and Energy Services.

New Jersey Resources Reports Fiscal 2024 First-Quarter Results; Increases Net Financial Earnings Guidance for Fiscal 2024

Retrieved on: 
火曜日, 2月 6, 2024
Other Energy, Utilities, Oil, Gas, Transport, Alternative Energy, Energy, Other Transport, Storm, File, SREC, BPU, GAAP, IIP, TREC, BGSS, Operation, Safety, CEV, Public expenditure, Carbon, Investment, Weather, Depreciation, NJR, Electricity, Capital expenditure, Coal

NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.

Key Points: 
  • NJNG reported first-quarter fiscal 2024 NFE of $51.4 million, compared to NFE of $54.7 million during the same period in fiscal 2023.
  • NJNG added 2,129 new customers during the first quarter of fiscal 2024, compared with 2,132 in the first quarter of fiscal 2023.
  • CEV reported first-quarter fiscal 2024 NFE of $10.5 million, compared with a net financial loss of $(3.6) million during the same period in fiscal 2023.
  • Home Services and Other Operations reported a first-quarter fiscal 2024 net financial loss of $(0.6) million, which was consistent with a net financial loss of $(0.03) million for the same period in fiscal 2023.

New Jersey Natural Gas Files Base Rate Case With the New Jersey Board of Public Utilities

Retrieved on: 
水曜日, 1月 31, 2024
Oil, Gas, Energy, Environment, Sustainability, Utilities, BPU, Natural gas, USF, BGSS, Public, Safety, Carbon, Investment, New Jersey Resources, Universal Service Fund, PAGE, LIHEAP, Sale, Heat, NJR, Customer service

New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), filed a petition with the New Jersey Board of Public Utilities (BPU) requesting an increase of $222.6 million to its base rates.

Key Points: 
  • New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), filed a petition with the New Jersey Board of Public Utilities (BPU) requesting an increase of $222.6 million to its base rates.
  • The second is the Basic Gas Supply Service (BGSS), which covers the cost of purchasing natural gas.
  • The delivery charge covers the cost of providing safe, reliable natural gas service to customers and maintaining operations and delivery systems.
  • Any customer having difficulty paying their natural gas bill should visit njng.com/energyassistance to learn about available energy assistance programs.