BGSS

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.

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 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 Resources Reports Fiscal 2023 Third-Quarter Results

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Operation, IIP, CEV, Capital expenditure, BGSS, GAAP, Transport, NJR, Public expenditure, Investment, Bulk Oil Storage and Transportation, Depreciation, Weather, BPU, Safety, Coal, Security (finance), Cryptocurrency, Renewable energy, NFE

NJNG reported third-quarter fiscal 2023 NFE of $0.9 million, compared to NFE of $2.6 million during the same period in fiscal 2022.

Key Points: 
  • NJNG reported third-quarter fiscal 2023 NFE of $0.9 million, compared to NFE of $2.6 million during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $156.3 million, which was flat compared to NFE of $156.5 million during the same period in fiscal 2022.
  • NJNG added 5,892 new customers during the first nine months of fiscal 2023, compared with 5,274 during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $11.1 million, compared with NFE of $11.1 million during the same period in fiscal 2022.

New Jersey Natural Gas Files Annual Rate Adjustments With the New Jersey Board of Public Utilities

Retrieved on: 
Thursday, June 1, 2023
Energy, Utilities, Oil, Gas, New Jersey Board of Public Utilities, CIP, Edison, New Jersey natural gas explosion, Public, BGSS, NJR, Balancing, Weather, New Jersey Resources, BPU, NYSE, Natural gas, Heating, ventilation, and air conditioning

New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU).

Key Points: 
  • New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today filed its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) rates with the New Jersey Board of Public Utilities (BPU).
  • The overall impact of these filings is a decrease of 1.7% for residential heating customers purchasing their supply from NJNG.
  • “New Jersey Natural Gas is dedicated to providing safe, reliable natural gas service at a reasonable price,” said Patrick Migliaccio, senior vice president and COO of New Jersey Natural Gas.
  • The BGSS and Balancing Charge recover the cost of natural gas supply used to serve its customers and balance deliveries with customer usage.

New Jersey Resources Reports Fiscal 2023 Second-Quarter Results

Retrieved on: 
Thursday, May 4, 2023
Utilities, Oil, Gas, Alternative Energy, Energy, Construction & Property, Building Systems, Operation, IIP, CEV, Capital expenditure, BGSS, GAAP, Transport, NJR, REC, Public expenditure, Investment, Bulk Oil Storage and Transportation, Depreciation, Weather, BPU, Safety, Fiscal, Bank, Coal, Cryptocurrency, Renewable energy, Security (finance), NFE

NJNG reported second-quarter fiscal 2023 NFE of $100.7 million, compared to NFE of $102.8 million during the same period in fiscal 2022.

Key Points: 
  • NJNG reported second-quarter fiscal 2023 NFE of $100.7 million, compared to NFE of $102.8 million during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $155.4 million, compared to NFE of $153.9 million during the same period in fiscal 2022.
  • NJNG added 4,064 new customers during the first six months of fiscal 2023, compared with 3,579 during the same period in fiscal 2022.
  • Fiscal 2023 year-to-date NFE were $8.7 million, compared with NFE of $7.6 million during the same period in fiscal 2022.

New Jersey Natural Gas Announces Bill Credit and Rate Decrease for Residential and Small Commercial Customers

Retrieved on: 
Wednesday, February 22, 2023
Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, BGSS, Low-Income Home Energy Assistance Program, NYSE, Natural gas, New Jersey Board of Public Utilities, NJR, Public, BPU, Edison, New Jersey natural gas explosion, New Jersey Resources

Today, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) notified the New Jersey Board of Public Utilities (BPU) it will implement a bill credit and lower the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers, effective March 1, 2023.

Key Points: 
  • Today, New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR) notified the New Jersey Board of Public Utilities (BPU) it will implement a bill credit and lower the Basic Gas Supply Service (BGSS) rate for residential and small commercial customers, effective March 1, 2023.
  • With this bill credit and rate decrease, the typical NJNG customer using 1,000 therms per year will see a savings of $129.48, or 8.1%, on their annual bill.
  • “We never stop working to meet our customers’ expectations for safe, reliable service at a reasonable cost,” said Steve Westhoven, President and CEO of New Jersey Natural Gas.
  • Even with this bill credit and rate decrease, NJNG recognizes many customers may still be struggling to pay their energy bills and has resources to help.

New Jersey Resources Reports Fiscal 2023 First-Quarter Results and Increases Net Financial Earnings Guidance for Fiscal 2023

Retrieved on: 
Thursday, February 2, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Public expenditure, Bulk Oil Storage and Transportation, Operation, Investment, Safety, Weather, File, GAAP, IIP, CEV, SREC, BPU, Capital expenditure, BGSS, Transport, NJR, Coal, Cryptocurrency, Renewable energy, NFE

NJNG reported first-quarter fiscal 2023 NFE of $54.7 million, compared to NFE of $51.1 million during the same period in fiscal 2022.

Key Points: 
  • NJNG reported first-quarter fiscal 2023 NFE of $54.7 million, compared to NFE of $51.1 million during the same period in fiscal 2022.
  • NJNG added 2,132 new customers during first-quarter fiscal 2023, compared with 1,730 in fiscal 2022.
  • CEV reported first-quarter fiscal 2023 net financial loss of $(3.6) million, compared with net financial loss of $(6.8) million during the same period in fiscal 2022.
  • Home Services and Other Operations reported first-quarter fiscal 2023 net financial loss of $(0.03) million compared with NFE of $0.4 million for the same period in fiscal 2022.

New Jersey Natural Gas Submits Annual Basic Gas Supply Service Filing to the New Jersey Board of Public Utilities

Retrieved on: 
Wednesday, June 1, 2022
Energy, Utilities, Oil, Gas, New Jersey Resources, Balancing, Transport, Ownership, Bulk Oil Storage and Transportation, Edison, New Jersey natural gas explosion, CEO, NJR, EE, Energy, Solution, BPU, NYMEX, Heat, Natural gas, Sharon Steckman, New Jersey Board of Public Utilities, CIP, Public, BGSS, NYSE, Weather, Energy efficiency, Pediatric Home Service, Public utility, Renewable energy

New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today submitted its annual Basic Gas Supply Service (BGSS) filing to the New Jersey Board of Public Utilities (BPU) seeking to adjust its periodic BGSS rates for residential and small commercial customers primarily to reflect a significant rise in wholesale market prices for natural gas.

Key Points: 
  • New Jersey Natural Gas (NJNG), a regulated subsidiary of New Jersey Resources (NYSE: NJR), today submitted its annual Basic Gas Supply Service (BGSS) filing to the New Jersey Board of Public Utilities (BPU) seeking to adjust its periodic BGSS rates for residential and small commercial customers primarily to reflect a significant rise in wholesale market prices for natural gas.
  • The BGSS and Balancing Charge recover the cost of natural gas supply used to serve customers and balance deliveries with customer usage.
  • Wholesale natural gas prices on the NYMEX a benchmark index for gas commodity pricing have more than doubled since May 2021.
  • Any customer having trouble paying their natural gas bills should contact NJNG to learn about available energy assistance programs .