New Jersey Natural Gas Announces $10 Million Bill Credit

Source: www.gulfoilandgas.com 11/20/2020, Location: North America

New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources notified the New Jersey Board of Public Utilities (BPU) it will provide residential and small commercial customers with a bill credit totaling $10 million, effective December 1, 2020 through December 31, 2020. This one-time bill credit will save the average residential heating customer using approximately 158 therms $19.31, a decrease of 11.2% on their December bill.

“As we head into the winter months when the weather is typically colder and heating costs higher, we are pleased to provide this bill credit to our customers.” said Steve Westhoven, President and CEO of New Jersey Natural Gas. “We will continue to utilize our market expertise and work to manage costs and identify savings where possible. This is our commitment to our customers.”

NJNG is able to provide a bill credit at this time due to rate case refunds from interstate pipelines and lower natural gas prices. NJNG does not earn a return on the price of natural gas used to serve its customers. This bill credit does not affect NJNG’s profitability.


Gabon >>  5/18/2022 - VAALCO Energy Inc. announced entry into a new credit agreement, effective May 16, 2022, for a new five-year Reserve Based Lending (“RBL”) facility wit...
United States >>  5/16/2022 - Vantage Drilling International ("Vantage") reported a net loss attributable to controlling interest of approximately $14.9 million, or $1.14 per dilut...

Gabon >>  5/12/2022 - - Debt refinanced on favourable terms
o Five-year bank loan for $255 million, including $67 million as a revolving credit facility
o Six-y...

Norway >>  5/12/2022 - TGS today reported interim financial results for Q1 2022.

Total revenue amounted to USD 132 ...


Trinidad and Tobago >>  5/12/2022 - Touchstone Exploration Inc. ("Touchstone") (TSX) reports its operating and financial results for the three months ended March 31, 2022. Selected info...
Canada >>  5/11/2022 -  The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock.

Dividends are payab...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.