Company Overview of South Jersey Gas Company
South Jersey Gas Company, a public utility company, engages 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, 2011, the company served 351,304 customers, including 327,678 residential customers, 23,169 commercial customers, and 457 industrial customers in southern New Jersey. It had approximately 124.1 miles of mains in the transmission systems and approximately 6,020 miles of mains ...
1 South Jersey Plaza
Folsom, NJ 08037
Key Executives for South Jersey Gas Company
President of South Jersey Energy and Vice President of South Jersey Industries Inc
Compensation as of Fiscal Year 2013.
South Jersey Gas Company Key Developments
South Jersey Gas Company Appoints Stephen H. Clark as Chief Financial Officer and Treasurer, Effective November 22, 2013
Nov 25 13
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.
South Jersey Gas Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 12 13
South Jersey Gas Company reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's net income was $0.9 million as compared with $0.5 million for the third quarter of 2012.
For the nine months, the company's net income was $40.3 million as compared with $38.8 million for the same period last year. The increase in income contribution from the company for the quarter and year to date reflects earnings from investments made under its accelerated infrastructure programs.
South Jersey Gas Company Announces Amendment to its Unsecured Revolving Credit Agreement
Sep 30 13
On September 27, 2013, South Jersey Gas Company entered into an amendment to its unsecured revolving credit agreement, which is syndicated among eight banks, including Wells Fargo National Bank, National Association, as administrative agent. The Amendment extends the term of the Credit Agreement from May 5, 2015 until May 31, 2018, unless earlier terminated or extended in accordance with its terms. The Amendment does not materially alter the original credit agreement. Any proceeds from borrowings under the Credit Agreement may be used for general corporate purposes. The Credit Agreement contains customary events of default as well as customary representations, warranties and covenants, including a financial covenant of maintaining, at the end of each fiscal quarter, a ratio of Indebtedness of the company and its subsidiaries on a consolidated basis to Consolidated Total Capitalization of not more than 0.65 to 1.0 (as such terms are defined in the Credit Agreement).
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