New Jersey Natural Gas Extends Bill Credit Through January 2021

Source: 12/22/2020, 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 of $12.5 million for the month of January. The credit comes on top of a $10 million credit issued for December, a total of $22.5 million delivered to customers over the two-month period.

This one-time additional bill credit will save the typical residential heating customer using 197 therms during the month of January $24.03, or a decrease of 11.3% on their monthly bill.

When combined with the previous credit issued in December, NJNG will have saved the average customer $43.34 over the two-month period.

"With the arrival of winter snowfall and colder temperatures across the state, we are pleased to be able provide another timely bill credit to our customers during the heating season, when bills are typically at their highest," said Steve Westhoven, President and CEO of New Jersey Natural Gas. "We will continue to utilize our market expertise and prudently manage our costs to identify savings wherever possible for our customers."

NJNG is able to provide this additional bill credit at this time due to 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.

While delivering this type of direct, broad-based relief benefits all of its customers, NJNG recognizes many customers are still struggling under the economic pressures of the pandemic and has additional resources to help. Any customer who is having trouble paying their bills should contact NJNG to be connected with Energy Assistance programs that can provide other relief, including: deferred payment arrangements, budget plans, utility bill payment assistance, one-time grants, and low- or no-cost energy efficiency programs to reduce consumption and lower bills.

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.