BPU

New Jersey Resources Reports Fiscal 2024 Second-Quarter Results

Retrieved on: 
Tuesday, May 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.

MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023

Retrieved on: 
Tuesday, March 26, 2024
Cattle, Working capital, Net, Meat, BPU, Minerva, Acquisition, CPC, Marfrig, ALC, Net income

SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.

Key Points: 
  • SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.
  • In 2023, recurring Free Cash Flow, adjusted by the acquisitions of Australia Lamb Company (ALC) and BPU Meat (Uruguay), totaled R$ 535,7 million.
  • Consolidated Gross Revenue totaled R$ 28,6 billion in 2023, with exports reaching 65% of revenue.
  • In 2023, EBITDA totaled R$ 2,6 billion, with an EBITDA margin of 9,5%.

MINERVA FOODS RECORDS EBITDA OF R$ 2,6 BILLION IN 2023

Retrieved on: 
Tuesday, March 26, 2024
Cattle, Working capital, Net, Meat, BPU, Minerva, Acquisition, CPC, Marfrig, ALC, Net income

SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.

Key Points: 
  • SÃO PAULO, March 26, 2024 /PRNewswire/ -- Minerva Foods (Minerva S.A. – B3: BEEF3 | OTC – Nasdaq International: MRVSY), the South American leader in the export of fresh beef and cattle by products, which also operates in the processed foods segment, announces to the market the financial results for 2023.
  • In 2023, recurring Free Cash Flow, adjusted by the acquisitions of Australia Lamb Company (ALC) and BPU Meat (Uruguay), totaled R$ 535,7 million.
  • Consolidated Gross Revenue totaled R$ 28,6 billion in 2023, with exports reaching 65% of revenue.
  • In 2023, EBITDA totaled R$ 2,6 billion, with an EBITDA margin of 9,5%.

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

Retrieved on: 
Tuesday, February 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: 
Wednesday, January 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.

New Jersey American Water Files Rate Request Driven by Over $1.3 Billion in Investment

Retrieved on: 
Friday, January 19, 2024
Environmental Policy, State, Local, Public Policy, Other Policy Issues, Other Energy, Utilities, Green Technology, Government, Environment, Energy, Sustainability, New Jersey American Water, PFAS, Flood, Customer service, Face, Administrative law, Water, Public, Investment, Drought, BPU, Ageing, Water quality, American Water, Renewable energy

New Jersey American Water filed a petition today with the New Jersey Board of Public Utilities (BPU) requesting new rates, driven by more than $1.3 billion in capital investments through December 2024, to continue providing safe and reliable service.

Key Points: 
  • New Jersey American Water filed a petition today with the New Jersey Board of Public Utilities (BPU) requesting new rates, driven by more than $1.3 billion in capital investments through December 2024, to continue providing safe and reliable service.
  • New Jersey American Water’s investment in replacing or rehabilitating nearly 176 miles of aging water mains is included in this rate request.
  • The company’s rate request undergoes extensive public scrutiny by the BPU, the New Jersey Division of Rate Counsel, and the Office of Administrative Law.
  • New Jersey American Water is seeking a total annual revenue increase of approximately $161.7 million.

LEADING LIGHT WIND, AN AMERICAN-LED OFFSHORE WIND PROJECT, AWARDED CONTRACT BY STATE OF NEW JERSEY; USHERS IN NEW ERA FOR DOMESTIC CLEAN ENERGY TRANSITION

Retrieved on: 
Wednesday, January 24, 2024
Fishery, EEW, Research, Wind, Electricity, Rutgers University, Artificial Island (New Jersey), Carbon, Small, Workforce, Invenergy, Growth, Partner, Environment, BPU, Economic development, Education, Atmosphere, Garden, MOU, Public, Climate change, Air pollution, WTG, Garden State, Commerce, Partnership, LCV, CDPQ, Public utility, Renewable energy

TRENTON, N.J., Jan. 24, 2024 /PRNewswire/ -- The New Jersey Board of Public Utilities today announced it has awarded a 2,400-megawatt contract to Leading Light Wind in its highly competitive third offshore wind solicitation. A partnership between two American companies - lead developer Invenergy and co-developer energyRe, the project is now the largest competitively awarded offshore wind project in the U.S. Leading Light Wind will build upon its proven track record and commitment to responsible, clean energy development to help realize a thriving offshore wind industry and supply chain in the Garden State.

Key Points: 
  • Leading Light Wind will build upon its proven track record and commitment to responsible, clean energy development to help realize a thriving offshore wind industry and supply chain in the Garden State.
  • Leading Light Wind will reduce carbon emissions by 4.1 million tons each year over the full life of the project.
  • "Leading Light Wind will chart a clean energy future for New Jersey and lay the foundation for a thriving domestic offshore wind industry," said Ryan Brown, Chief Operating Officer of energyRe.
  • I thank Leading Light Wind for prioritizing domestic manufacturing and value our relationship as a trusted, credible partner in the clean energy industry."

New Jersey Natural Gas Files for Next Cycle of Energy-Efficiency Programs With Expanded Offerings

Retrieved on: 
Friday, December 1, 2023
Energy, Utilities, Oil, Gas, Carbon, Public, History, CO2, Natural gas, Heat, Hospital, Certification, BPU, Renewable energy

Building on its strong leadership in offering practical and effective energy-efficiency programs, New Jersey Natural Gas (NJNG) today filed with the New Jersey Board of Public Utilities (BPU) a proposed next generation of SAVEGREEN™ energy-efficiency offerings.

Key Points: 
  • Building on its strong leadership in offering practical and effective energy-efficiency programs, New Jersey Natural Gas (NJNG) today filed with the New Jersey Board of Public Utilities (BPU) a proposed next generation of SAVEGREEN™ energy-efficiency offerings.
  • If approved by the BPU, the new SAVEGREEN program cycle is expected to begin January 1, 2025, and run through June 30, 2027.
  • If fully subscribed, SAVEGREEN will help participating customers save more than 94 million therms of natural gas.
  • NJNG will engage customers and provide real-time, actionable insights to help reduce their natural gas usage during peak times.

New Jersey Resources Reports Fiscal 2023 Fourth-Quarter and Year End Results

Retrieved on: 
Tuesday, November 21, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Safety, BGSS, Capital expenditure, Investment, Depreciation, Public expenditure, Weather, NJR, Transport, IIP, SREC, GAAP, Operation, CEV, TREC, Electricity, BPU, Security (finance), Cryptocurrency, Renewable energy, NFE

NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.

Key Points: 
  • NJNG reported fiscal 2023 NFE of $131.4 million, compared to NFE of $140.1 million during fiscal 2022.
  • Storage and Transportation reported fiscal 2023 NFE of $12.8 million, compared with NFE of $22.5 million during fiscal 2022.
  • Fourth-quarter fiscal 2023 NFE were $1.8 million, compared with NFE of $11.3 million during the same period in fiscal 2022.
  • Energy Services reported fiscal 2023 NFE of $68.5 million, compared with NFE of $39.1 million during fiscal 2022.

New Jersey Natural Gas Files to Extend Current Energy-Efficiency Offerings

Retrieved on: 
Thursday, November 9, 2023
Utilities, Oil, Gas, Natural Resources, Sustainability, Environment, Alternative Energy, Energy, Other Natural Resources, Public, Carbon, BPU, Marketing, Renewable energy

New Jersey Natural Gas (NJNG) today filed with the New Jersey Board of Public Utilities (BPU) seeking to extend its current SAVEGREEN™ energy-efficiency offerings for an additional six months through December 31, 2024.

Key Points: 
  • New Jersey Natural Gas (NJNG) today filed with the New Jersey Board of Public Utilities (BPU) seeking to extend its current SAVEGREEN™ energy-efficiency offerings for an additional six months through December 31, 2024.
  • The proposed extension will help ensure existing energy-efficiency offerings remain uninterrupted for customers as NJNG prepares to file the next cycle of SAVEGREEN offerings on December 1, 2023.
  • It also helps minimize impact to contractors’ portfolios of business,” said Anne-Marie Peracchio, managing director of Marketing and Energy Efficiency at New Jersey Natural Gas.
  • In today’s filing, NJNG is seeking approval to invest up to $76 million to cover the program offerings during the extension period.