Investor Presentaiton
New Jersey Natural Gas
Strong Trend of Favorable Customer Growth
YTD Fiscal 2023 Capital Expenditures 1,2
~37% of capital expenditures
earning a near real-time return
On March 30, 2023,
NJNG submitted its
annual IIP filing to the
BPU requesting a rate
increase for capital
expenditures of $31.4
million through June 30,
2023, resulting in a $3.5
million revenue increase,
with a proposed effective
date of October 1, 2023
IIP
$18
SAVEGREEN
$24
New Customer
$31
-$195M
The SAVEGREEN Project®,
received the 2023 ENERGY
STAR Partner of the Year Award
IT
$28
NJNG Customers
(in thousands)
Added 4,064 new
customers YTD in fiscal
2023 compared to 3,579
in YTD fiscal 2022
580
570
560
550
Maintenance
$55
540
575
569
564
530
558
548
520
539
530
510
500
Cost of
Removal/Other
$393
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 YTD
FY2023
from the U.S. Environmental
Protection Agency (EPA) and the
U.S. Department of Energy
(DOE).
1)
N
2)
New Jersey
Resources
3)
Total change in PP&E (cash spent, capex accrued and AFUDC). Includes SAVEGREEN investments,
which for GAAP purposes are included as part of cash flows from operations
The sum of YTD Fiscal 2023 actual amounts may not equal to total due to rounding
Facilities included in "Other"
Timing of Next Rate Case
Filing Expected in Fiscal 2024View entire presentation