July 28, 2016 1:03 PM ET

Gas Utilities

Company Overview of South Jersey Gas Company

Company Overview

South Jersey Gas Company, a public utility company, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial use. It also sells natural gas and pipeline transportation capacity on a wholesale basis to various customers on the interstate pipeline system, as well as transports natural gas purchased directly from producers or suppliers to customers. As of December 31, 2015, the company served 373,100 residential, commercial, and industrial customers in southern New Jersey. It had approximately 122.7 miles of mains in the transmission systems and approximately 6,503 miles of mains in the distribution systems. The company is headquartered in Folso...

1 South Jersey Plaza

Folsom, NJ 08037

United States

483 Employees

Phone:

609-561-9000

Key Executives for South Jersey Gas Company

Principal Executive Officer, President, Chief Operating Officer and Director
Age: 57
Chief Financial Officer, Senior Vice President and Treasurer
Age: 58
Senior Vice President of Customer and Distribution Operations
General Counsel and Corporate Secretary
Age: 48
Compensation as of Fiscal Year 2016.

South Jersey Gas Company Key Developments

South Jersey Gas Company Approves Amendment to its Bylaws

On April 29, 2016, the Board of South Jersey Gas Company approved amendment to the company's bylaws.

South Jersey Industries, Inc. and South Jersey Gas Company Elect Joseph Rigby as a New Director

On April 29, 2016, the Board of Directors of South Jersey Gas Company elected Mr. Joseph Rigby, Chairman, President and CEO of Pepco Holdings, Inc., as a new director effective as of April 29, 2016. Mr. Rigby's appointment will be for a term expiring at the 2017 annual meeting of stockholders. Rigby will serve on SJI's Audit and Corporate Responsibility Committees. Rigby was also elected to the board of SJI subsidiary South Jersey Gas.

South Jersey Gas Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

South Jersey Gas announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported that utility net income reflected a loss of $3.4 million as compared with a net income contribution of $1 million in the third quarter 2014. For the nine months, the company reported that net income was up 4.6% at $44.4 million as compared with $42.4 million through September 30, 2014.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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