EVEN IF TEMPERATURES PLUMMET, NJNG SAYS IT HAS ENOUGH GAS TO SERVE CUSTOMER NEEDS THIS WINTER
EVEN IF TEMPERATURES PLUMMET, NJNG SAYS IT HAS ENOUGH GAS
TO SERVE CUSTOMER NEEDS THIS WINTER
WALL, N.J., Dec. 19 /PRNewswire/ -- Bolstered by the introduction of one new interstate pipeline to its supply portfolio in 1991 and the expected addition of another major supply source early next year, New Jersey Natural Gas Company (NJNG) says it has sufficient quantities of natural gas to meet customer needs this winter -- even if it's the coldest heating season in its 40-year history.
"We've planned our gas supply strategy carefully to assure that we can meet the energy needs of our growing customer base well into the future," says Gary A. Edinger, vice president of gas supply. "We anticipate having an ample supply of gas, and the important supply flexibility to go along with it, to serve all our customers, even if this winter's temperatures dip to record levels."
Edinger points out that NJNG has worked diligently to develop connections to all five interstate natural gas pipelines delivering gas into New Jersey, and has contracts with a variety of sources in the United States and Canada for firm, long-term, competitively priced gas supplies. Just 10 years ago, the utility was served by a single pipeline.
This past summer, NJNG completed a link to the Columbia Gas Transmission Corporation system in Morris County's Mount Olive Township. This connection alone makes an additional 10 million cubic feet of gas per day available to NJNG and enhances reliability in the company's Northern Division.
Early in January, NJNG expects to begin receiving the largest, year- round addition to its gas supply portfolio in more than 20 years as a result of its participation in Iroquois Gas Transmission System. Construction of the 370-mile pipeline from Canada to the U.S. Northeast is nearly complete. Iroquois began transporting gas to some of its New York State and New England customers on Dec. 1.
"Iroquois is a major step ahead for NJNG and the entire Northeast," Edinger says. "It will help increase pipeline capacity to bring more clean, efficient gas into the region, and it will allow gas to replace foreign oil imported from unstable parts of the world."
About 18 percent of NJNG's total firm supply is expected to come from Iroquois by 1993. The rest of the 576 million cubic feet of gas per day that Iroquois will transport will be delivered to utilities and power generators in other parts of New Jersey, New York and New England.
No new construction has been needed in New Jersey, Edinger says. Instead, NJNG's supply will be exchanged through existing pipeline routes.
In addition to its year-round and seasonal supplies, NJNG can also count on supplemental supplies from its liquefied natural gas storage facilities in Howell and Stafford townships. These supplies are used to meet peak-day needs on the coldest winter days.
NJNG, the principal subsidiary of New Jersey Resources Corporation (NYSE: NJR), serves more than 312,000 customers in virtually all of Monmouth and Ocean counties and parts of Morris and Middlesex counties.
/CONTACT: Glenn J. Phillips of New Jersey Natural Gas, 908-938-1112/
(NJR) CO: New Jersey Natural Gas Company ST: New Jersey IN: UTI SU: SH -- NY074 -- 4046 12/19/91 15:44 EST