regulatory
confidence high
sentiment neutral
materiality 0.60
NJNG files $222.6M base rate case with NJ BPU; seeks 10.42% ROE
NEW JERSEY RESOURCES CORP
- NJNG requests $222.6M delivery rate increase; reflects ~$850M infrastructure investments since 2021.
- Proposed return on equity of 10.42%, return on rate base of 7.57%, and 55.42% common equity ratio.
- For typical residential heating customer using 81 therms/month, bill would increase $29.01.
- BPU review typically takes 9–12 months; final decision pending.