RegulatoryJun 1, 2026, 04:03 PM
NJ Natural Gas Files for 8.9% Bill Cut, Seeks $950M Investment Recovery
AI Summary
New Jersey Natural Gas (NJNG) has submitted filings to the New Jersey Board of Public Utilities (NJBPU) for its base rate case, annual Basic Gas Supply Service (BGSS), Conservation Incentive Program (CIP), and Energy Efficiency. These submissions are expected to provide customers with an 8.9% reduction in bills, or $158 annually for the average residential customer, for the upcoming 2026-2027 winter season. Concurrently, NJNG is seeking recovery for approximately $950 million in system investments made since its last base rate case in 2024, aiming for overall net customer rates to remain nearly flat compared to current rates once all filings are implemented.
Key Highlights
- New Jersey Natural Gas submitted filings to the NJBPU for rate adjustments and investment recovery.
- Customers are expected to see an 8.9% reduction in natural gas bills for the 2026-2027 winter season.
- The average residential customer will save approximately $158 annually.
- NJNG seeks recovery for approximately $950 million in system investments.
- The base rate case requests a $157.6 million increase in delivery rates.
- The company targets a 7.60% return on rate base and a 10.10% return on equity.
- Total savings delivered to customers for the upcoming winter is approximately $98 million.
- Over the life of incentive programs, $1.6 billion in direct bill savings have been generated for customers.
Price Impact
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