New Jersey Resources Highlights Its Commitment to Environmental Stewardship with the Release of Its 2014 Corporate

  New Jersey Resources Highlights Its Commitment to Environmental Stewardship
  with the Release of Its 2014 Corporate Sustainability Report

Business Wire

WALL, N.J. -- May 28, 2014

New Jersey Resources (NYSE:NJR) announced the release of its 2014 Corporate
Sustainability Report (CSR), which highlights the company’s long-term
initiatives and continued innovation that drives its commitment to
conservation, energy efficiency and protecting natural resources.

“Over the past year, we continued to build on our commitment to grow a
sustainable business while strengthening our environmental profile; we believe
it is the right thing to do for our company and the communities we proudly
serve,” said Laurence M. Downes, chairman and CEO of New Jersey Resources.

As part of its sustainability efforts, NJR created Conserve to Preserve®
(CTP), the umbrella for its commitment to environmental stewardship, as a
means to provide customers with the tools and resources they need to use
energy more responsibly. Since its inception in 2006, it has helped NJR
customers collectively reduce their carbon footprint by more than 3.2 billion
pounds of carbon dioxide, or the equivalent of removing 302,493 cars from New
Jersey’s roadways each year.* CTP represents a continued investment in NJR’s
future that enhances stakeholder value while ensuring a more sustainable
business from an economical, environmental and social perspective.

“With this report, we are pleased to share the efforts and accomplishments of
our more than 900 women and men who give their best every day to responsibly
and reliably meet our customers’ energy needs, create a sustainable future and
make a positive difference for our environment,” Downes stated. Highlights of
key sustainability efforts and accomplishments achieved by NJR and its
subsidiaries, many which are detailed further in the 2014 Sustainability
Report, include:

  *Energy savings for customers. The SAVEGREEN Project®, the
    energy-efficiency program of principal subsidiary New Jersey Natural Gas
    (NJNG), provides customers with rebates and incentives to make
    energy-efficiency upgrades more affordable. These rebates and incentives
    helped more than 3,800 customers offset the costs of converting to natural
    gas heat. Moreover, over the past year, SAVEGREEN has helped customers
    reduce carbon emissions, with the average customer who upgrades to an
    energy-efficiency furnace, and benefits from SAVEGREEN’s rebates, saving
    147.11 therms annually and avoiding the release of 1,720 pounds of CO2
    (per furnace) into the atmosphere.*
  *Green initiatives for transportation. NJNG is investing about $10 million
    to build the first public compressed natural gas (CNG) fueling stations in
    Monmouth and Ocean counties. NJNG has entered into agreements with three
    host facilities and expects to complete construction by the end of fiscal
    2014. In addition, more than 25 percent of the NJR fleet is CNG, hybrid,
    electric and bio-fuel vehicles, reducing fleet emissions as much as 28
    percent by replacing older vehicles and with higher-efficiency models.
  *Facility and operational enhancements. Since joining Natural Gas STAR 10
    years ago, NJR has helped reduce greenhouse gas (GHG) emissions by more
    than 247,232 tons through facility upgrades and operational improvements.
    This equates to eliminating 47,218 passenger vehicles from New Jersey’s
    roadways each year.*
  *System improvements. As part of its Safety Acceleration and Facility
    Enhancement (SAFE) program to upgrade older, more vulnerable
    infrastructure, in fiscal 2013, NJNG replaced 84 miles of infrastructure
    throughout 52 municipalities within its service territory. Furthermore,
    NJNG submitted a proposal to the New Jersey Board of Public Utilities for
    its New Jersey Reinvestment in System Enhancement (NJ RISE) initiative to
    invest more than $100 million on targeted storm hardening and mitigation
    projects for enhancing the safety and resiliency of the NJNG
    infrastructure in future weather events.
  *Community involvement. Over the past 12 months, NJR provided financial and
    in-kind support, including more than 5,000 employee volunteer hours, to
    over 1,500 charities and nonprofit organizations. And, since 1997, through
    the company’s home ownership program, NJR has supported the construction
    of more than 83 affordable homes throughout Monmouth, Morris and Ocean
    counties. Moreover, in 2013, NJNG’s Energy Assistance Days and other
    proactive outreach efforts identified nearly 2,800 customers who qualified
    for energy assistance and home energy-improvement programs.
  *Clean energy investments. NJR Clean Energy Ventures (NJRCEV), NJR’s
    renewable energy subsidiary, has installed more than 294,000 solar panels
    on customers’ homes and businesses since 2010, creating in excess of
    131,600 megawatt hours of clean energy, helping residential and commercial
    customers reduce GHG emissions by 100,028 tons. NJRCEV also has acquired
    two community onshore wind projects. When operational, these wind farms
    will have total capacity of 30 MWs of energy.

To view New Jersey Resources’ 2014 Corporate Sustainability Report, visit
www.njresources.com.

*U.S. Environmental Protection Agency GHG emissions calculator

About New Jersey Resources

New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that provides safe
and reliable natural gas and clean energy services, including transportation,
distribution and asset management. With annual revenues in excess of $2
billion, NJR is comprised of five key businesses:

  *New Jersey Natural Gas is NJR’s principal subsidiary that  operates and
    maintains 7,000 miles of natural gas transportation and distribution
    infrastructure to serve half a million customers in New Jersey’s Monmouth,
    Ocean and parts of Morris and Middlesex counties.
  *NJR Clean Energy Ventures invests in, owns and operates solar and onshore
    wind projects with a total capacity in excess of 62 megawatts, providing
    residential and commercial customers with low-carbon solutions.
  *NJR Energy Services manages a diversified portfolio of natural gas
    transportation and storage assets and provides physical natural gas
    services and customized energy solutions to its customers across North
    America.
  *NJR Midstream serves customers from local distributors and producers to
    electric generators and wholesale marketers through its equity ownership
    in a natural gas storage facility and a transportation pipeline, both of
    which are Federal Energy Regulatory Commission, or FERC-regulated
    investments.
  *NJR Home Services provides heating, central air conditioning, standby
    generators, solar and other indoor and outdoor comfort products to
    residential homes and businesses throughout New Jersey and serves
    approximately 120,000 service contract customers.

NJR and its more than 900 employees are committed to helping customers save
energy and money by promoting conservation and encouraging efficiency through
Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The
Sunlight Advantage^®.

                       For more information about NJR:

                          Visit www.njresources.com.
                     Follow us on Twitter @NJNaturalGas.
                “Like” us on facebook.com/NewJerseyNaturalGas.
      Download our free NJR investor relations app for iPad and iPhone.

Contact:

New Jersey Resources
Media:
Michael Kinney, 732-938-1031
mkinney@njresources.com
or
Investor:
Joanne Fairechio, 732-378-4967
jfairechio@njresources.com
or
Dennis Puma, 732-938-1229
dpuma@njresources.com
 
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