New Jersey Natural Gas Submits Filings to NJBPU for Customer Savings and Future Recovery of Reliability Investments
New Jersey Natural Gas, the principal subsidiary of New Jersey Resources, filed with the NJBPU to recover approximately $950 million in reliability and safety investments. The filings are structured to provide an immediate 8.9% reduction in customer bills for the upcoming winter season, equating to $158 in annual savings for the average residential customer.
Key figures
- Pipeline miles
- 7500
- Customers served
- 600000
- Bill reduction pct
- 8.9%
- Total winter savings
- 98000000
- Annual savings per customer
- 158
- Investment recovery request
- 950000000
- Cumulative incentive savings
- 1600000000
AI analysis
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