New 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.
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