secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001140361-24-004892
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NJNG files $222.6M base rate case with NJ BPU; seeks 10.42% ROE
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036124004892/0001140361-24-004892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036124004892/ef20020066_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-004892

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer