South Jersey Gas to Implement $200M, 5-Year Infrastructure Investment Program
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ATLANTIC CITY, NJ, June 8, 2022 – In its continuing efforts to modernize and enhance the safety and reliability of its gas distribution system, South Jersey Gas, a subsidiary of SJI (NYSE: SJI), today secured the approval of the New Jersey Board of Public Utilities to implement a $200 million, five-year Infrastructure Investment Program (IIP). Commencing July 1, 2022, the IIP will begin the replacement of approximately 250 miles of at risk facilities including vintage coated steel and Aldyl-A plastic mains and related services, as well as the installation of excess flow valves on new service lines.
By targeting aging sections of the South Jersey Gas distribution system, the approved program will enhance the overall service provided to South Jersey Gas customers, support environmental stewardship by reducing emissions and facilitate economic development through job creation in New Jersey.
“At South Jersey Gas, our more than 400,000 customers count on us to provide safe, reliable, affordable natural gas service,” said Brent Schomber, President and COO, South Jersey Gas. “The Infrastructure Investment Program approved today prioritizes methane emissions reductions and enhances our long-term system reliability, ensuring that we can continue to meet the needs of our customers who rely on us to cost effectively heat their homes, warm their water and cook their meals, even during the coldest days of the year and under adverse weather conditions.”
“Throughout our long history, our utilities have been steadfastly committed to ensuring the safety, security and reliability of our energy delivery systems. While South Jersey Gas has been making considerable investments to modernize its natural gas system for many years, a significant portion of the Company’s legacy distribution system is still comprised of aging, at-risk pipe. As these aging systems are replaced through an orderly, efficient program like the IIP approved today, South Jersey Gas customers, the communities it serves, and the State as a whole will receive immediate and tangible benefits,” said Melissa Orsen, Senior Vice President & President of SJI Utilities.
Under the Board of Public Utilities approval secured today, South Jersey Gas is not proposing a rate change at this time and therefore, there is no immediate rate impact associated with this approval.
For more information about South Jersey Gas, please visit southjerseygas.com.