New Jersey Natural Gas Extends Bill Credit Through January 2021; Announces Additional $12.5 Million for Customers
December 22 2020 - 10:25AM
Business Wire
Adds to $10 million bill credit already
benefiting customers in month of December
New Jersey Natural Gas (NJNG), the principal subsidiary of New
Jersey Resources (NYSE: NJR) today 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.
If you or someone you know is a NJNG utility residential
customer in need of assistance, call 800-221-0051 and say "energy
assistance" at the prompt to speak with an NJNG customer service
representative or email us at energyassist@njng.com.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas
and clean energy services, including transportation, distribution,
asset management and home services. NJR is composed of five primary
businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary, operates
and maintains over 7,500 miles of natural gas transportation and
distribution infrastructure to serve over half a million customers
in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington
counties.
- NJR Clean Energy Ventures invests in, owns and operates solar
projects with a total capacity of more than 350 megawatts,
providing residential and commercial customers with low-carbon
solutions.
- NJR Energy Services manages a diversified portfolio of natural
gas transportation and storage assets and provides physical natural
gas services and customized energy solutions to its customers
across North America.
- Storage & Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River Energy Center and the
Adelphia Gateway Pipeline Project, as well as our 50 percent equity
ownership in the Steckman Ridge natural gas storage facility, and
our 20 percent equity interest in the PennEast Pipeline
Project.
- NJR Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby
generators, solar and other indoor and outdoor comfort products to
residential homes throughout New Jersey.
NJR and its more than 1,100 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as The SAVEGREEN Project® and The Sunlight
Advantage®. For more information about NJR:
www.njresources.com.
Follow us on Twitter @NJNaturalGas. “Like” us on
facebook.com/NewJerseyNaturalGas.
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version on businesswire.com: https://www.businesswire.com/news/home/20201222005462/en/
Media Contact: Michael Kinney 732-938-1031
mkinney@njresources.com
Investor Contact: Dennis Puma 732-938-1229
dpuma@njresources.com
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