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FOLSOM, N.J. -- Marina Energy, LLC a wholly owned subsidiary of South Jersey Industries [NYSE: SJI] and Resorts International, Inc., which operates Resorts International Hotel casino in Atlantic City, NJ, announced today that they have reached an agreement for Marina to provide all of the heating, cooling, and customer comfort systems at the Atlantic City hotel. Under the terms of the 20- year agreement, Marina will immediately begin operating the steam and chilled water production facilities at Resorts. It will replace and improve the production facilities and equipment at the site in order to provide the most efficient operating conditions. “Our comprehensive approach to energy management coupled with our expertise and reputation put SJI in a unique position to assist Resorts”, stated Charles Biscieglia, chairman, president and CEO of the Folsom based energy holding company. “Engaging SJI as their energy partner helps clients like Resorts dedicate their time and talents to their core business activities. This improves their profitability while we deliver the best energy solutions and value to them.”
Marina is currently involved in the construction portion of the project, replacing equipment, improving the control systems and the thermal distribution delivery system. The company will operate the production facilities for 20 years in partnership with DCO Energy. DCO Energy based in W. Atlantic City, NJ is a developer and operator of thermal and generating facilities. Marina will supply 5,000 tons of chilled water capacity and approximately 102,000 lbs/hr of steam capacity in the initial phase of the agreement. That capacity may increase with the construction of the new Resorts hotel tower. “We are extremely pleased to have SJI manage the energy component of our business”, stated Joseph D’Amato, Senior Vice President Finance and Chief Financial Officer, Resorts International. “Their expertise and commitment to this region is unsurpassed”.
South Jersey Industries (NYSE: SJI) is an energy holding company for South Jersey Gas, South Jersey Energy, Marina Energy, LLC, and South Jersey Resources Group, LLC. For more information about South Jersey Industries and its subsidiaries, please visit http://www.sjindustries.com on the Internet.
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