New Jersey Natural Gas
NEW JERSEY NATURAL GAS CELEBRATES ITS 60th ANNIVERSARY06/01/2012 - For Immediate Release
Wall, N.J. – New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), today, celebrated its 60th anniversary. Back in 1952, the owners of County Gas in Atlantic Highlands, James Abrams, Irving Koerner, Frank O’Neill and Kenneth Knoblock, placed the winning bid for Jersey Central Power and Light’s natural gas properties, and went from 14,000 customers in Monmouth County to 87,000 across four counties, overnight. On June 3, the purchase became final and with it, New Jersey Natural Gas was born.
“The beginning of New Jersey Natural Gas is an incredible story of making the impossible possible,” said Laurence M. Downes, chairman and CEO. “Over the past 60 years, we have grown from a small, natural gas utility into one of the most respected energy companies in our industry. We have come a long way, but we have never forgotten the values of service, safety and reliability that are the foundation of our company.”
“Our employees have played an integral role in our performance and history,” Downes continued. “Our record of success is directly attributable to the dedication, talent and commitment of the more than 5,500 women and men who have been a part of our NJNG family since 1952. Their contributions and accomplishments are our legacy,” Downes emphasized.
From its earliest days, NJNG has always focused on meeting the needs of its customers and the communities it proudly serves. To mark this historic milestone, NJNG announced a one-time $60,000 community grant to be awarded in increments of $1,000 to 60 nonprofit organizations throughout its service territory. The contributions are unencumbered, providing organizations the opportunity to allocate the funds where they are needed most. NJNG is committed to supporting local nonprofit organizations through financial and volunteer support.
“Throughout our history, corporate citizenship has been a cornerstone of our approach to business,” Downes said. “We believe helping to strengthen the communities we serve is the most appropriate way for us to commemorate our 60th anniversary. Today’s celebration is our way of honoring our customers, communities and employees, and say thank you for being a part of our story.”
60 years and counting, NJNG continues to grow. With its network of over 7,000 miles of transmission and distribution main – more than the other three natural gas utilities in the state combined - it now serves 499,535 customers throughout Monmouth and Ocean counties as well as parts of Morris, Sussex, Burlington and Middlesex counties. With its growing service territory, NJNG continues to add new customers and build on its six decades of people and resources dedicated to service.
New Jersey Natural Gas
New Jersey Natural Gas is the principal subsidiary of New Jersey Resources, a Fortune 1000 company, that provides safe and reliable natural gas and renewable energy services, including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With $3 billion in annual revenues, NJR safely and reliably operates and maintains over 7,000 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of 1.2 Bcf/day of firm transportation and over 60.2 Bcf of firm storage capacity; offers low carbon, clean energy solutions through its commercial and residential solar programs and provides appliance installation, repair and contract service to nearly 130,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve®, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit www.njresources.com, “Like” us at facebook.com/NewJerseyNaturalGas or follow us on Twitter @NJNaturalGas.
Michael Kinney, Media
Dennis Puma, Investors