Folsom,
NJ - Edward J. Graham, chairman,
president and CEO of South Jersey Industries (NYSE:SJI),
announced that the board of directors voted to amend the
company’s bylaws
to increase the board size from 10 to 12 members at its April
18 meeting. The members then elected Walter M. Higgins III
and Joseph H. Petrowski to SJI’s board.
Higgins is
chairman of the board of Sierra Pacific Resources of Reno,
NV, the investor-owned holding company for Sierra Pacific
Power Company and Nevada Power Company. The companies provide
electricity to nearly 1.2 million electric customers throughout
Nevada and in northeastern California. Among the communities
served are Las Vegas, Reno-Sparks, Henderson, Elko and
South Lake Tahoe. Sierra Pacific Power also provides natural
gas to over 145,000 customers in the Reno-Sparks area.
Petrowski
is president and CEO of Gulf Oil of Boston, MA, one of
the Northeast's largest wholesalers of refined petroleum
products. Gulf Oil owns and operates a network of storage
and import terminals and supplies over 25,000 gasoline stations
and delivers products and associated financial and logistical
services to wholesale and retail customers.
“SJI’s
new directors will bring added strength in the areas of
energy, gaming markets and risk management,” said
Graham. “Walt Higgins’ extensive utility experience
combined with his successful leadership and progressive thinking
in an era of deregulation has earned him respect in the industry.
Joe Petrowski’s expertise in the energy markets as well
as risk management will be a strong resource to SJI’s
non-utility companies,” Graham added.
South
Jersey Industries (NYSE: SJI) is an energy services holding
company for a utility and non-regulated businesses. A member
of the KLD Global Climate 100 Index, SJI offers solutions
to global warming through renewable energy, clean technology
and efficiency. South Jersey Gas, one of the fastest growing
natural gas utilities in the nation strongly advocates
the efficient use of energy while safely and reliably delivering
natural gas in southern New Jersey. South Jersey Energy
Solutions, the parent of SJI’s non-regulated businesses,
provides innovative, environmentally friendly energy solutions
that help customers control energy costs. South Jersey
Energy acquires and markets natural gas and electricity
for retail customers and offers energy-related services.
Marina Energy develops and operates energy projects including
thermal facilities serving hot and chilled water for casinos,
cogeneration facilities and landfill gas-to-electricity
facilities. South Jersey Resources Group provides wholesale
commodity marketing and risk management services. South
Jersey Energy Service Plus installs, maintains and services
heating, air conditioning and water heating systems, services
appliances, installs solar systems and performs energy
audits. For more information about SJI and its subsidiaries,
visit http://www.sjindustries.com.
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