New Jersey Natural Gas Files to Extend Current Energy-Efficiency Offerings
09 November 2023 - 10:44PM
Business Wire
New Jersey Natural Gas (NJNG) today filed with the New Jersey
Board of Public Utilities (BPU) seeking to extend its current
SAVEGREEN™ energy-efficiency offerings for an additional six months
through December 31, 2024. Approved by the BPU on March 4, 2021,
this cycle of programs went into effect on July 1, 2021, and is
currently set to expire on June 30, 2024.
The proposed extension will help ensure existing
energy-efficiency offerings remain uninterrupted for customers as
NJNG prepares to file the next cycle of SAVEGREEN offerings on
December 1, 2023. Once approved by the BPU, the new program cycle
will begin January 1, 2025.
The SAVEGREEN program provides comprehensive solutions that
drive lower energy costs and carbon emissions that support the
State of New Jersey’s energy-saving and greenhouse gas emission
reduction goals. “The extension of our current SAVEGREEN program
cycle helps ensure our customers have uninterrupted access to
important energy-efficiency savings and enables them to better plan
and budget over the longer term. It also helps minimize impact to
contractors’ portfolios of business,” said Anne-Marie Peracchio,
managing director of Marketing and Energy Efficiency at New Jersey
Natural Gas.
NJNG’s SAVEGREEN program provides solutions designed to help
eliminate the barriers to energy efficiency for customers. Among
the offerings are rebates and 0%* APR financing for equipment and
whole-building energy-efficiency upgrades to meet the diverse needs
and budgets of its residential and commercial customers, as well as
special pathways to help low- and moderate-income customers.
In today’s filing, NJNG is seeking approval to invest up to $76
million to cover the program offerings during the extension period.
This is an addition to the $259 million previously approved by the
BPU for the current three-year cycle.
Visit savegreenproject.com for details on NJNG’s
energy-efficiency offerings.
*Terms and conditions apply. All offers are subject to available
funding. All loans are net of NJNG rebates. NJNG rebates and
incentives do not apply to new construction. Visit
savegreenproject.com for rebates and financing terms and
conditions.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas
and clean energy services, including transportation, distribution,
asset management and home services. NJR is composed of five primary
businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary,
operates and maintains natural gas transportation and distribution
infrastructure to serve nearly 575,000 customers in New Jersey’s
Monmouth, Ocean and parts of Morris, Middlesex, Sussex and
Burlington counties.
- Clean Energy Ventures invests in, owns and operates
solar projects with a total capacity of more than 462 megawatts,
providing residential and commercial customers with low-carbon
solutions.
- Energy Services manages a diversified portfolio of
natural gas transportation and storage assets and provides physical
natural gas services and customized energy solutions to its
customers across North America.
- Storage and Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River Energy Center and the
Adelphia Gateway Pipeline, as well as our 50% equity ownership in
the Steckman Ridge natural gas storage facility.
- Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby
generators, solar and other indoor and outdoor comfort products to
residential homes throughout New Jersey.
NJR and its nearly 1,300 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as SAVEGREEN™ and The Sunlight Advantage®.
For more information about NJR: www.njresources.com
Follow us on X (formerly Twitter) @NJNaturalGas. “Like” us on
facebook.com/NewJerseyNaturalGas.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231109319250/en/
Media: Mike Kinney 732-938-1031
mkinney@njresources.com
Investor: Adam Prior 732-938-1145
aprior@njresources.com
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
New Jersey Resources (NYSE:NJR)
Historical Stock Chart
Von Mai 2023 bis Mai 2024