New Jersey Natural Gas Files to Decrease Rates for the 2018-2019 Winter Heating Season
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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Source: Business Wire
Savings of 3.6 Percent Expected for Typical Residential Heating Customers WALL, N.J.--(BUSINESS WIRE)-- New Jersey Natural Gas (NJNG), the regulated subsidiary of New Jersey Resources (NYSE:NJR), today submitted its annual Basic Gas Supply Service (BGSS) and Conservation Incentive Program (CIP) filing to the New Jersey Board of Public Utilities (BPU) seeking an overall decrease of 3.6 percent for the typical residential heating customers for the 2018-2019 winter heating season. Pending BPU approval, the typical residential heating customer using 1,000 therms a year would see their annual bill go from $1,022.54 to $985.84 effective October 1, 2018, a savings of $36.70. “Today’s filing reflects the impact of last winter’s cold weather, which was 13.3 percent colder than the previous year and 1.5 percent colder than normal,” said Stephen Westhoven, COO of New Jersey Natural Gas. “We are pleased
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