September 21, 2014 9:05 PM ET

Gas Utilities

Company Overview of South Jersey Gas Company

Company Overview

South Jersey Gas Company, a public utility company, is engaged in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial use. It also sells natural gas and pipeline transportation capacity on a wholesale basis to various customers on the interstate pipeline system, as well as transports natural gas purchased directly from producers or suppliers to their customers. As of December 31, 2013, the company served 362,256 residential, commercial, and industrial customers in southern New Jersey. It had approximately 122.7 miles of mains in the transmission systems and approximately 6,247 miles of mains in the distribution systems. The company is headquartered...

1 South Jersey Plaza

Folsom, NJ 08037

United States

475 Employees

Phone:

609-561-9000

Key Executives for South Jersey Gas Company

Principal Executive Officer
Age: 55
Chief Financial Officer
Age: 56
Chairman of the Board
Age: 56
President of South Jersey Energy and Vice President of South Jersey Industries Inc
Age: 46
Senior Vice President of Engineering Services and System Integrity
Compensation as of Fiscal Year 2014.

South Jersey Gas Company Key Developments

South Jersey Gas Company Enters into Unsecured $200 Million Term Loan Credit Agreement

On June 5, 2014, South Jersey Gas Company entered into an unsecured $200 million term loan credit agreement, which is syndicated among five banks, including PNC Bank, National Association, as administrative agent, and Wells Fargo National Bank, National Association, as syndication agent. Under the Credit Agreement, the company can borrow up to an aggregate of $200 million from time to time until June 5, 2016. All loans under the Credit Agreement become due and payable on the third anniversary of the Credit Agreement, June 5, 2017. Any amounts repaid prior to the maturity date cannot be reborrowed.

South Jersey Gas and Wawa, Inc. Announce Compressed Natural Gas Fueling Joint Project

South Jersey Gas and Wawa Inc. announced a joint project that will introduce compressed natural gas fueling at one of Wawa's southern New Jersey locations. The first station slated for CNG is located in Logan Township, NJ, off exit 10 of Route 295 and within the Pureland Industrial Complex. Other locations are being considered. Both companies anticipate having infrastructure in place at the Logan Township facility to begin serving natural gas fueled vehicles by early 2015.

South Jersey Gas Company Appoints Stephen H. Clark as Chief Financial Officer and Treasurer, Effective November 22, 2013

On November 25, 2013, South Jersey Industries Inc. the appointment of Stephen H. Clark as Chief Financial Officer and Treasurer of South Jersey Gas Company, effective November 22, 2013. Mr. Clark has held various positions with the South Jersey Gas Company since 1997, including serving as Treasurer.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 21, 2013
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