New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas
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New Jersey Natural Gas (NJNG) has received approval from the New Jersey Board of Public Utilities for a $157 million increase in its base rates. This increase is intended to recover costs related to infrastructure investments and system enhancements.
November 21, 2024 | 6:00 pm
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New Jersey Natural Gas, a subsidiary of New Jersey Resources (NJR), has been approved for a $157 million base rate increase. This approval will help NJNG recover costs from infrastructure investments and system enhancements.
The approval of a $157 million base rate increase is a significant development for NJNG, a subsidiary of NJR. This increase will allow NJNG to recover costs from its substantial infrastructure investments, which is likely to positively impact NJR's financial performance in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90