About Us > Newsroom > 2016 > South Jersey Gas Issuing $10 Million Customer Bill Credit; Second Savings Passed on to Customers in

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South Jersey Gas Issuing $10 Million Customer Bill Credit; Second Savings Passed on to Customers in 2016

FOLSOM, NJ, December 19, 2016 – As announced in October, South Jersey Gas, a subsidiary of South Jersey Industries, Inc. (NYSE: SJI), is issuing residential and small commercial customers a Basic Gas Supply Service (BGSS) bill credit totaling $10 million, primarily due to lower than expected wholesale gas costs. The average residential heating customer who buys their natural gas from South Jersey Gas will receive a bill credit of approximately $28 over the next four to six weeks.

“Consistently lower natural gas prices, resulting from a dramatic increase in easily accessible gas supplies from nearby shale formations such as the Marcellus, allow us to pass on savings to customers,” explained Jeffrey DuBois, president of South Jersey Gas. “With this latest BGSS bill credit, customer bills today are, on average, at their lowest levels in 15 years.”

This is the second BGSS bill credit provided to customers this year. At the beginning of 2016, South Jersey Gas issued a bill credit totaling approximately $20 million to the same types of customers for similar reasons.

The BGSS clause serves as a method to pass along increases or decreases in gas costs to customers; therefore, South Jersey Gas’ income is not affected by BGSS rate adjustments or credits.

About South Jersey Gas

South Jersey Gas, subsidiary of South Jersey Industries (NYSE:SJI), delivers safe, reliable, affordable natural gas and promotes energy efficiency to approximately 381,000 residential, commercial and industrial customers in Atlantic, Cape May, Cumberland, Salem, and portions of Gloucester, Burlington and Camden counties in New Jersey. Visit www.southjerseygas.com to learn more about South Jersey Gas and its programs.

Media Contact Information

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

Investor Relations:
Marissa Travaline, x4227
mtravaline@sjindustries.com

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