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Stock Market & Financial Investment News

News Breaks
August 12, 2014
08:38 EDTSJI, NJR, UGI, GASPennEast Pipeline to construct 100-mile natural gas pipeline
PennEast Pipeline announced plans to construct a 100-mile pipeline intended to bring lower cost natural gas produced in the Marcellus Shale region to homes and businesses in Pennsylvania and New Jersey. PennEast is a joint project of AGL Resources (AGL), NJR Pipeline (NJR), a subsidiary of New Jersey Resources (NJR), South Jersey Industries (SJI) and UGI Energy Services, a subsidiary of UGI (UGI). The PennEast Pipeline is designed to provide natural gas service to the equivalent of 4.7M homes, up to 1 Bcf per day. The pipeline will begin in Luzerne County in northeastern Pennsylvania and end at Transco's Trenton-Woodbury interconnection in New Jersey. PennEast is investing nearly $1 billion to build the pipeline with the costs split among the four entities. UGIES is the project manager for the development of the project and will operate the pipeline.
News For GAS;NJR;SJI;UGI From The Last 14 Days
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December 5, 2014
12:24 EDTSJISouth Jersey Industries raises dividend 6.3%
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12:22 EDTSJISouth Jersey Industries CEO Graham to retire
South Jersey Industries announced that chairman and CEO, Edward Graham, plans to retire effective April 30, 2015. Michael Renna, currently president and COO, will assume the role of president and CEO as of May 1, 2015. Walter M. Higgins III, SJI's Lead Independent Director will become chairman of SJI's board of directors on May 1.

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