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Elizabethtown Gas Invests in New Jersey's Future
Job creation, infrastructure growth planned
UNION, N.J., April 16 -- The New Jersey Board of Public
Utilities (NJBPU) today approved a utility infrastructure enhancement rider
for Elizabethtown Gas, and other New Jersey distribution utilities, allowing
it to accelerate infrastructure projects in order to help stimulate the local
economy and improve the company's natural gas distribution system.
"These projects were carefully reviewed against strict criteria,"
explained NJBPU President Fox. "By expediting spending on identified
infrastructure needs, these projects can provide important support for our
economy now, as requested by Governor Corzine, while ensuring a reliable and
secure energy supply for future economic growth. In addition, by putting many
of these projects out to bid in a slow economy, this work can be completed at
a lower cost to ratepayers."
Don Carter, vice president, Elizabethtown Gas said, "Today's approval by
the NJBPU will accelerate improvements to infrastructure projects to meet the
needs of our customers. It lends support to both the state and federal
economic stimulus plan and emphasizes our commitment to the communities we
serve."
Elizabethtown Gas has identified $60 million of needed pipeline
replacement and reinforcement projects over the next two years that will
improve the natural gas system. These pipeline upgrade projects are
anticipated to create approximately 65 engineering, design and construction
jobs in the state and include:
- Replacement of 29 miles of elevated pressure 10" and 12" cast iron
main
- Replacement of 40 miles of low pressure 4" cast iron main
- Construction of six miles of eight-inch main between Franklin Township
and Sparta
- Construction of 20 miles of 12-inch main between Washington Township
and Newton
"Through the years Elizabethtown Gas has grown within the communities in
which it operates. And while some companies can sell their products anywhere,
we live where we work. We're not just investing in a business, we are
investing in the communities and people of New Jersey," said Carter.
Since its purchase by AGL Resources in 2004, Elizabethtown Gas has also
invested more than $124 million in capital projects.
About Elizabethtown Gas
Elizabethtown Gas, a wholly owned subsidiary of AGL Resources (NYSE: AGL),
provides natural gas delivery service to approximately 273,000 residential,
business and industrial natural gas customers in New Jersey. In operation
since 1855, the company serves parts of Union, Middlesex, Sussex, Warren,
Hunterdon, Morris and Mercer counties. For more information, visit
www.elizabethtowngas.com
About AGL Resources
AGL Resources (NYSE: AGL), an Atlanta-based energy services company,
serves approximately 2.3 million customers in six states. The company also
owns Houston-based Sequent Energy Management, an asset manager serving natural
gas wholesale customers throughout North America. As a 70 percent owner in the
SouthStar partnership, AGL Resources markets natural gas to consumers in
Georgia under the Georgia Natural Gas brand. The company also owns and
operates Jefferson Island Storage & Hub, a high-deliverability natural gas
storage facility near the Henry Hub in Louisiana. For more information, visit
www.aglresources.com.
SOURCE Elizabethtown Gas
CONTACT: Tami Gerke of AGL Resources, +1-404-584-3873, or Cell:
+1-404-358-2307, tgerke@aglresources.com
Web Site: http://www.elizabethtowngas.com
(AGL)
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