ATLANTIC CITY, N.J., Nov. 19, 2020 (GLOBE NEWSWIRE) — Media Contact: 609-561-9000 x4496
FOR IMMEDIATE RELEASE
South Jersey Fuel Information Petition for Infrastructure Funding Program
ATLANTIC CITY, N.J. – November 19, 2020 – South Jersey Fuel, subsidiary of SJI (NYSE:SJI), right this moment filed a petition with the New Jersey Board of Public Utilities (NJBPU) searching for approval of an Infrastructure Funding Program (IIP) that will speed up deliberate capital expenditures to reinforce the supply of secure, dependable, reasonably priced pure fuel, create jobs, and help the State’s environmental objectives.
Below the proposed five-year program, starting in June 2021, South Jersey Fuel will make investments roughly $742.5 million to interchange 825 miles of ageing metal mains and set up Extra Circulate Valves (EFVs) on new service traces. EFVs are mechanical security gadgets designed to close off the stream of pure fuel robotically within the occasion of a service line break. The enhancements make sure the continued security and reliability of the South Jersey Fuel pure fuel system.
The Infrastructure Funding Program doesn’t suggest to vary buyer charges right now, serving to to bolster a lot wanted financial development with no fast fee affect.
“South Jersey Gas’ proposed infrastructure program will enable us to continue to enhance the performance and safety of our system, support the State’s environmental goals and create jobs to support the local economy at a time when it’s most needed,” mentioned Melissa Orsen, President and Chief Operations Officer, South Jersey Fuel. “We look forward to continuing our collaboration with the NJBPU and the Division of Rate Counsel to create jobs in New Jersey.”
For a few years, South Jersey has made appreciable investments to modernize its pure fuel methods by way of its present infrastructure applications AIRP II (Accelerated Infrastructure Substitute Program) and SHARP II (Storm Hardening and Reliability Program) which is anticipated to be accomplished within the first half of 2021. Below these applications, South Jersey Fuel has invested roughly $320 million and changed roughly 422 miles of mains and related companies by way of September 2020.
For extra data on South Jersey Fuel’ dedication to security, go to www.southjerseygas.com.
About South Jersey Fuel
South Jersey Fuel, subsidiary of SJI (NYSE:SJI), delivers secure, dependable, reasonably priced pure fuel and promotes vitality effectivity to greater than 400,000 residential, industrial and industrial prospects in Atlantic, Cape May, Cumberland, Salem, and parts of Gloucester, Burlington and Camden counties in New Jersey. For extra data, go to southjerseygas.com.