Elizabethtown Gas responds to Governor’s call for economic recoveryFiles for cost recovery aimed at infrastructure enhancementJanuary 21, 2009
Union, N.J. – January 21, 2009 – Elizabethtown Gas supports Governor Corzine’s economic stimulus plan which calls for New Jersey utilities to play a role in securing a broad economic recovery for the state.
Elizabethtown Gas responded to the governor’s call by filing a petition with the New Jersey Board of Public Utilities to accelerate its capital infrastructure investments and for a cost recovery mechanism to accomplish this infrastructure growth. This action would allow the company to move forward with system reliability and improvement strategies to help create jobs.
"Elizabethtown Gas has identified $60 million of infrastructure projects that can be accelerated over the next two years to support the Governor’s proposal,” said Don Carter, vice president, Elizabethtown Gas. “We have proposed a utility infrastructure rider to recover our costs for this program and filed the petition late yesterday.”
About AGL Resources
AGL Resources (NYSE: ATG), an Atlanta-based energy services company, serves more than 2.3 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout North America. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.
About Elizabethtown Gas Elizabethtown Gas, a wholly owned subsidiary of AGL Resources, provides natural gas delivery service to more than 266,000 residential, business and industrial natural gas customers in New Jersey. In operation since 1855, the company serves parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. For more information, visit www.elizabethtowngas.com
Contact: Tami Gerke, AGL Resources
Office: 404-584-3873
Cell: 404-358-2307
tgerke@aglresources.com