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Elizabethtown Gas to Issue $15 Million Credit to Customers Related to SJI Acquisition

UNION, N.J. – Aug. 27, 2018 – Elizabethtown Gas, is pleased to offer a $15 million credit to all its customers with active accounts as of June 30, 2018, related to the recent acquisition by South Jersey Industries (NYSE: SJI).  

Customers can expect to see the one-time acquisition credit noted as a line item on their September bill, based on terms approved by the New Jersey Board of Public Utilities (NJBPU). For residential customers, this equates to a one-time credit of $35.93.

The acquisition credit comes on the heels of the NJBPU approved reduction of Elizabethtown Gas distribution rates totaling $12.1 million, stemming from the Tax Cuts and Jobs Act of 2017, benefiting Elizabethtown Gas’ firm natural gas customers.  

“With the completion of the acquisition of Elizabethtown Gas by SJI, we remain focused on providing safe, reliable, affordable natural gas service,” said Brian MacLean, president of Elizabethtown Gas. “We are pleased to provide this credit to our customers, and look forward to building on our history of exceptional customer service as part of the SJI family.”

The acquisition of Elizabethtown Gas by SJI, completed July 1, 2018, makes SJI the second largest natural gas provider in New Jersey with service to more than 681,000 customers.

For more information, visit elizabethtowngas.com/rates-and-tariff.  

About Elizabethtown Gas

Elizabethtown Gas, subsidiary of SJI (NYSE: SJI), delivers safe, reliable, and affordable natural gas and promotes energy efficiency to approximately 292,000 residential, commercial and industrial customers in parts of Union, Middlesex, Sussex, Warren, Hunterdon, Morris and Mercer counties. For three years in a row, Elizabethtown Gas has ranked highest in customer satisfaction for residential gas service among east midsize utilities by J.D. Power and Associates. For more information, visit elizabethtowngas.com.

About SJI

SJI (NYSE: SJI), an energy services holding company based in Folsom, NJ, delivers safe, reliable, affordable natural gas service to approximately 681,000 customers in New Jersey and Maryland through its three regulated natural gas utilities - South Jersey Gas, Elizabethtown Gas and Elkton Gas. SJI’s non-utility businesses within South Jersey Energy Solutions promote efficiency, clean technology and renewable energy by providing customized wholesale commodity marketing and fuel management services; acquiring and marketing natural gas and electricity for retail customers; and developing, owning and operating on-site energy production facilities. SJI Midstream houses the company’s interest in the PennEast Pipeline Project. Visit sjindustries.com for more information about SJI and its subsidiaries.

Media Contact Information

Media Relations:
media@sjindustries.com
Telephone: 609-561-9000 x4496

Investor Contact:
Dan Fidell (609) 561-9000 x7027
dfidell@sjindustries.com

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