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Stock Market & Financial Investment News

News Breaks
January 9, 2013
14:07 EDTNJRNew Jersey Resources estimates CapEx related to Sandy $30M-$40M
Company had seen CapEx related to Sandy of $40M-$60M. Company expects to spend $20M-$27M of this amount in FY13, balance spent over next three years. NJNG has sufficient liquidity to meet its current obligations and to fund restoration efforts from a combination of cash on hand and revolving credit facilities. A $50M accordion feature in NJNG's syndicated credit agreement has been exercised to increase the amount available under NJNG's revolving credit facility. In addition, NJNG expects to close on the issuance of $50M of new long-term debt in 2Q13. The company expects to issue FY13 earnings guidance January 23.
News For NJR From The Last 14 Days
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July 31, 2015
07:08 EDTNJRNew Jersey Resources reports Q3 net financial EPS 3c, consensus 5c
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July 22, 2015
13:30 EDTNJRNew Jersey Resources approved to continue SAVEGREEN Project
New Jersey Natural Gas, the regulated subsidiary of New Jersey Resources, received approval from the New Jersey Board of Public Utilities to continue its energy-efficiency offerings under The SAVEGREEN Project through July 31, 2017. Launched in September 2009, SAVEGREEN offers NJNG customers programs that provide financial incentives for investments in energy-efficient equipment and whole-house improvements to reduce energy costs and increase comfort, as well as facility upgrades. These programs complement those administered by New Jersey’s Clean Energy Program and support the goals of the state’s Energy Master Plan to lower customer costs, improve natural gas energy efficiency and conservation, reduce emissions and encourage economic development. With the approval, NJNG will invest more than $75M over the next two years. The majority of SAVEGREEN programs remain unchanged, with some modifications mainly due to NJNG’s experience in the marketplace to better meet customers’ needs and the changing market dynamics.

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