Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

South Jersey Industries : SJG Receives BPU Approval of Gas Transportation Agreement with RC Cape May Holdings


Print article Print article
Copyright © Thomson Reuters 2013. All rights reserved.
2013-04-29 18:05:06 -

For Immediate Release
Phone: 609-561-9000
Investor Relations Contact: Stephen Clark x4260, sclark@sjindustries.com
Media Contact: Joanne Brigandi x4240, jbrigandi@sjindustries.com

April 29, 2013


  SJG Receives NJBPU Approval of Gas Transportation Agreement with RC Cape May
                                 Holdings, LLC

 Enables the Natural Gas Conversion of the BL England Electric Generation Plant
                                   to Proceed

Folsom, NJ - The New Jersey Board of Public 
Utilities today approved an agreement for South Jersey Gas, subsidiary of South Jersey Industries (NYSE:SJI), to deliver natural gas to the BL England electric generation facility in Beesley's Point, 15 miles southwest of Atlantic City. With this approval the plant's owner, RC Cape May Holdings, LLC can now proceed with repowering the facility with clean burning, efficient natural gas. The plant is currently powered with coal and oil. "The BL England plant is an important part of the electric infrastructure in southern New Jersey," stated Jeffrey E. DuBois, president of South Jersey Gas. "The repowering of this station with natural gas assures the continued availability of this important asset and advances several goals of New Jersey's Energy Master Plan, including the promotion of new, clean, in-state electric generation, for power production and protecting our environment" added DuBois. New Jersey's policy is to discourage the construction of new coal-fired power plants as well as to accelerate the decommissioning of existing coal-fired plants in the state. To provide service to this facility, SJG plans to invest approximately $90 million to construct a new, 24 inch natural gas transmission pipeline, which will also provide system reliability and reinforcement enhancements for customers served in Atlantic and Cape May counties. Once online, the annual throughput of gas to the BL England facility will be about 20 million dekatherms, essentially equal to the amount of gas SJG currently provides to approximately 267,000 homes in a year. The plant is expected to begin operating in 2016. Forward-Looking Statement This news release contains forward-looking statements. All statements other than statements of historical fact included in this press release should be considered forward-looking statements made in good faith by the Company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this press release words such as "anticipate", "believe", "expect", "estimate", "forecast", "goal", "intend", "objective", "plan", "project", "seek", "strategy" and similar expressions are intended to identify forward-looking statements. Such forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions on an international, national, state and local level; weather conditions in our marketing areas; changes in commodity costs; the timing of new projects coming online; changes in the availability of natural gas; "non-routine" or "extraordinary" disruptions in our distribution system; regulatory, legislative and court decisions; competition; the availability and cost of capital; costs and effects of legal proceedings and environmental liabilities; the failure of customers, suppliers or business partners to fulfill their contractual obligations; and changes in business strategies. SJI assumes no duty to update these statements should actual events differ from expectations. About South Jersey Industries South Jersey Industries (NYSE: SJI), a member of the MSCI Global Climate Index, offers solutions to climate change and helps customers control energy costs. South Jersey Gas, one of the nation's fastest growing natural gas utilities, delivers clean, efficient natural gas and promotes energy efficiency to customers in southern New Jersey. SJI's non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing and operating on-site energy production facilities; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and risk management services; and offering HVAC and other energy-efficiency related services. For more information about SJI and its subsidiaries, visit www.sjindustries.com. ### This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: South Jersey Industries via Thomson Reuters ONE [HUG#1697530]


Press Information:




Contact Person:


Disclaimer: © 2014 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com