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NEW JERSEY RESOURCES CORPORATION REGISTRATION STATEMENT COVERING COMMON STOCK OFFERING

 NEW JERSEY RESOURCES CORPORATION REGISTRATION
 STATEMENT COVERING COMMON STOCK OFFERING
 WALL, N.J., Sept. 16 /PRNewswire/ -- New Jersey Resources Corporation (NYSE: NJR) announced today that its registration statement relating to additional common stock became effective on Sept. 15, 1992. The 1.5 million shares are being sold through a group of underwriters managed by Merrill Lynch & Co. and Smith Barney, Harris Upham & Co. at a price to the public of $22.25 per share.
 The net proceeds of the shares offered by NJR will be used to reduce borrowings incurred by NJR's principal subsidiary, New Jersey Natural Gas Company, for utility construction and by NJR for the capital expenditure program of its natural gas and oil exploration and development subsidiary, NJR Energy Corporation.
 New Jersey Natural Gas is a public utility that distributes natural gas to more than 315,000 residential, commercial and industrial customers throughout most of Monmouth and Ocean counties and parts of Morris and Middlesex counties.
 -0- 9/16/92
 /CONTACT: Laurence M. Downes, senior vice president & CFO of New Jersey Resources, 908-938-1483/
 (NJR) CO: New Jersey Resources Corporation ST: New Jersey IN: UTI SU:


SH -- NY016 -- 0030 09/16/92 10:44 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
Words:197
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