ADDED
Page 1 New Jersey Resources Corporation GLOSSARY OF KEY TERMS (cont.) Mortgage Indenture The Amended and Restated Indenture of Mortgage, Deed of Trust and Security Agreement between NJNG and U.S.
While we periodically reassess material trends and uncertainties affecting our results of operations and financial condition in connection with the preparation of management s discussion and analysis of results of operations and financial condition contained in our Quarterly and Annual Reports on Form 10-Q and Form 10-K, respectively, we do not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events, new information or other factors, except as required by applicable laws.
NJR Clean Energy Ventures Corporation includes the results of operations and assets related to the Company s unregulated capital investments in clean energy projects.
NJR Home Services Company provides heating, ventilation and cooling service, sales and installation of appliances, and is the primary contributor to Home Services and Other operations.
BUSINESS (Continued) REPORTABLE SEGMENTS We operate within four reportable segments: (1) Natural Gas Distribution, (2) Clean Energy Ventures, (3) Energy Services and (4) Storage and Transportation.
BUSINESS (Continued) Management uses net income and NFE, a non-GAAP financial measure, when evaluating its operating results.
It encompasses 1,538 square miles, covering 109 municipalities with an estimated population of 1.7 million people.
NJNG s business is subject to various risks, such as those associated with adverse economic conditions, which can negatively impact customer growth and operating and financing costs; fluctuations in commodity prices, which can impact customer usage; certain regulatory actions; environmental remediation; and changes in how customers consume energy.
BUSINESS (Continued) Natural Gas Supply Firm Natural Gas Supplies In fiscal 2025, NJNG purchased natural gas from approximately 63 suppliers under contracts ranging from one day to seven months and purchased over 10% of its natural gas from two suppliers.
286,829 2028 to 2030 Steckman Ridge 70,000 2027 Stagecoach Pipeline and Storage Company, LLC 47,065 2028 Total 403,894 NJNG utilizes its transportation contracts to transport natural gas to NJNG s citygates from the Eastern Gas Transmission and Storage, Inc., Steckman Ridge and Stagecoach Pipeline Storage Company LLC storage fields.
REMOVED
Mortgage Indenture The Amended and Restated Indenture of Mortgage, Deed of Trust and Security Agreement between NJNG and U.S.
While we periodically reassess material trends and uncertainties affecting our results of operations and financial condition in connection with the preparation of management s discussion and analysis of results of operations and financial condition contained in our Quarterly and Annual Reports on Form 10-Q and Form 10-K, respectively, we do not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.
NJR Clean Energy Ventures Corporation includes the results of operations and assets related to the Company s unregulated capital investments in clean energy projects, including commercial and residential solar projects.
NJR Home Services Company provides heating, ventilation and cooling service, sales and installation of appliances, as well as solar installation projects, and is the primary contributor to Home Services and Other operations.
BUSINESS (Continued) REPORTING SEGMENTS We operate within four reporting segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Storage and Transportation.
BUSINESS (Continued) Management uses NFE, a non-GAAP financial measure, when evaluating its operating results.
It encompasses 1,538 square miles, covering 109 municipalities with an estimated population of 1.7M people.
NJNG s business is subject to various risks, such as those associated with adverse economic conditions, which can negatively impact customer growth and operating and financing costs; fluctuations in commodity prices, which can impact customer usage; certain regulatory actions; and environmental remediation.
BUSINESS (Continued) Natural Gas Supply Firm Natural Gas Supplies In fiscal 2024, NJNG purchased natural gas from approximately 56 suppliers under contracts ranging from one day to five months and purchased over 10% of its natural gas from two suppliers.
286,829 various dates from 2025 to 2027 Steckman Ridge 38,000 2025 Stagecoach Pipeline and Storage Company, LLC 47,065 2028 Total 371,894 NJNG utilizes its transportation contracts to transport natural gas to NJNG s citygates from the Eastern Gas Transmission and Storage, Inc., Steckman Ridge and Stagecoach Pipeline Storage Company LLC storage fields.