Elizabethtown Gas Invests in New Jersey's Future
April 16 2009 - 3:29PM
PR Newswire (US)
Job creation, infrastructure growth planned UNION, N.J., April 16
/PRNewswire/ -- The New Jersey Board of Public Utilities (NJBPU)
today approved a utility infrastructure enhancement rider for
Elizabethtown Gas, and other New Jersey distribution utilities,
allowing it to accelerate infrastructure projects in order to help
stimulate the local economy and improve the company's natural gas
distribution system. "These projects were carefully reviewed
against strict criteria," explained NJBPU President Fox. "By
expediting spending on identified infrastructure needs, these
projects can provide important support for our economy now, as
requested by Governor Corzine, while ensuring a reliable and secure
energy supply for future economic growth. In addition, by putting
many of these projects out to bid in a slow economy, this work can
be completed at a lower cost to ratepayers." Don Carter, vice
president, Elizabethtown Gas said, "Today's approval by the NJBPU
will accelerate improvements to infrastructure projects to meet the
needs of our customers. It lends support to both the state and
federal economic stimulus plan and emphasizes our commitment to the
communities we serve." Elizabethtown Gas has identified $60 million
of needed pipeline replacement and reinforcement projects over the
next two years that will improve the natural gas system. These
pipeline upgrade projects are anticipated to create approximately
65 engineering, design and construction jobs in the state and
include: -- Replacement of 29 miles of elevated pressure 10" and
12" cast iron main -- Replacement of 40 miles of low pressure 4"
cast iron main -- Construction of six miles of eight-inch main
between Franklin Township and Sparta -- Construction of 20 miles of
12-inch main between Washington Township and Newton "Through the
years Elizabethtown Gas has grown within the communities in which
it operates. And while some companies can sell their products
anywhere, we live where we work. We're not just investing in a
business, we are investing in the communities and people of New
Jersey," said Carter. Since its purchase by AGL Resources in 2004,
Elizabethtown Gas has also invested more than $124 million in
capital projects. About Elizabethtown Gas Elizabethtown Gas, a
wholly owned subsidiary of AGL Resources (NYSE:AGL), provides
natural gas delivery service to approximately 273,000 residential,
business and industrial natural gas customers in New Jersey. In
operation since 1855, the company serves parts of Union, Middlesex,
Sussex, Warren, Hunterdon, Morris and Mercer counties. For more
information, visit http://www.elizabethtowngas.com/ About AGL
Resources AGL Resources (NYSE:AGL), an Atlanta-based energy
services company, serves approximately 2.3 million customers in six
states. The company also owns Houston-based Sequent Energy
Management, an asset manager serving natural gas wholesale
customers throughout North America. As a 70 percent owner in the
SouthStar partnership, AGL Resources markets natural gas to
consumers in Georgia under the Georgia Natural Gas brand. The
company also owns and operates Jefferson Island Storage & Hub,
a high-deliverability natural gas storage facility near the Henry
Hub in Louisiana. For more information, visit
http://www.aglresources.com/. DATASOURCE: Elizabethtown Gas
CONTACT: Tami Gerke of AGL Resources, +1-404-584-3873, or Cell:
+1-404-358-2307, Web Site: http://www.elizabethtowngas.com/
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