Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  South Jersey Industries, Inc.    SJI

SOUTH JERSEY INDUSTRIES, INC.

(SJI)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

South Jersey Industries : New Jersey Board of Public Utilities Approves Base Rate Change for Elizabethtown Gas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/13/2019 | 11:48am EST

UNION NJ, Nov. 13, 2019 (GLOBE NEWSWIRE) --                                                                                                 Media Contact:  Media@sjindustries.com
609.561.9000 x4496
                                                                                                         

FOR IMMEDIATE RELEASE

New Jersey Board of Public Utilities Approves Base Rate Change for Elizabethtown Gas

UNION, N.J. Nov. 13, 2019 – The New Jersey Board of Public Utilities today approved a settlement of the Elizabethtown Gas base rate case, filed in April of this year. New base rates, which will become effective November 15, 2019, reflect Elizabethtown Gas’ substantial capital investments to enhance system safety, reliability and resiliency.   

Since the conclusion of its last base rate proceeding in 2017, Elizabethtown Gas has invested over $300 million in system improvements that had not yet been reflected in rates. These improvements include significant, prudent distribution system upgrades to support safe, reliable natural gas service for Elizabethtown Gas customers. 

“Our customers rely on us to deliver a safe, reliable, affordable supply of natural gas to heat their homes and operate their businesses,” said Christie McMullen, president and chief operating officer of Elizabethtown Gas. “At Elizabethtown Gas we have and continue to manage our operations responsibly and effectively to uphold our commitment to provide superior service to our customers at reasonable rates.”

“Our customers continue to recognize us for this service -- for five years in a row, Elizabethtown Gas has ranked “Highest in Customer Satisfaction With Residential Natural Gas Service in the East among Midsize Utilities” by J.D. Power,” added McMullen.

With this settlement, Elizabethtown Gas’ annual revenues from base rates are expected to increase by $34 million and include a return on equity of 9.6% and a 51.5% equity ratio. A typical residential heating customer using 100 therms of natural gas during a winter month will see an increase of approximately $9.38 on their monthly bill. Despite this increase, customer bills will still be 16.6% lower than they were a decade ago due to the abundance of low cost natural gas. 

 
Customers who have difficulty paying their bills should contact the Elizabethtown Gas Customer Contact Center at 1-800-242-5830 to learn more about the Budget Billing Plan and assistance programs for which they may qualify. Assistance programs include the PAGE (Payment Assistance for Gas and Electric) program, NJ SHARES, Home Energy Assistance Program, New Jersey Comfort Partners Program, Universal Service Fund and Lifeline. 
 
Customers can also access valuable savings information on the Elizabethtown Gas website, including energy audits and energy efficiency tips. These options can help customers reduce energy use and costs while maintaining comfort. Visit elizabethtowngas.com to learn more.

About Elizabethtown Gas
Elizabethtown Gas, subsidiary of SJI (NYSE: SJI), delivers safe, reliable, and affordable natural gas and promotes energy efficiency to approximately 295,000 residential, commercial, and industrial customers in parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris, and Mercer counties. For five years in a row, Elizabethtown Gas has ranked “Highest in Customer Satisfaction With Residential Natural Gas Service in the East among Midsize Utilities” by J.D. Power. For more information, visit elizabethtowngas.com.

###

Source: South Jersey Industries

2019 GlobeNewswire, Inc., source Press Releases

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SOUTH JERSEY INDUSTRIES, I
11/13SOUTH JERSEY INDUSTRIES : New Jersey Board of Public Utilities Approves Base Rat..
AQ
11/07SOUTH JERSEY INDUSTRIES : Management's Discussion and Analysis of Financial Cond..
AQ
11/07SOUTH JERSEY INDUSTRIES : 3Q Earnings Snapshot
AQ
11/06SJI Reports Third Quarter 2019 Results; Reaffirms Guidance
GL
11/06SOUTH JERSEY INDUSTRIES INC : Regulation FD Disclosure, Financial Statements and..
AQ
11/06SOUTH JERSEY INDUSTRIES INC : Results of Operations and Financial Condition, Reg..
AQ
10/29SOUTH JERSEY INDUSTRIES INC : Creation of a Direct Financial Obligation or an Ob..
AQ
10/16SJI to Host Third Quarter 2019 Earnings Conference Call
GL
10/02SOUTH JERSEY INDUSTRIES INC : Entry into a Material Definitive Agreement, Creati..
AQ
09/26SOUTH JERSEY INDUSTRIES INC : Entry into a Material Definitive Agreement, Creati..
AQ
More news
Financials (USD)
Sales 2019 1 637 M
EBIT 2019 210 M
Net income 2019 130 M
Debt 2019 3 048 M
Yield 2019 3,84%
P/E ratio 2019 21,4x
P/E ratio 2020 19,0x
EV / Sales2019 3,56x
EV / Sales2020 3,64x
Capitalization 2 785 M
Chart SOUTH JERSEY INDUSTRIES, INC.
Duration : Period :
South Jersey Industries, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOUTH JERSEY INDUSTRIES, I
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 34,86  $
Last Close Price 30,22  $
Spread / Highest target 32,4%
Spread / Average Target 15,3%
Spread / Lowest Target 2,58%
EPS Revisions
Managers
NameTitle
Michael J. Renna President, Chief Executive Officer & Director
Walter M. Higgins Chairman
Cielo Hernandez Chief Financial Officer & Senior Vice President
Keith S. Campbell Independent Director
Sheila Hartnett-Devlin Independent Director
Sector and Competitors