January 30, 2015 1:07 PM ET

Capital Markets

Company Overview of South Jersey Resources Group, LLC

Company Overview

South Jersey Resources Group, LLC provides wholesale natural gas trading, sales, storage management, peaking services, transportation capacity, and natural gas portfolio management services. It also provides commodity risk management services. The company caters to energy marketers, electric and gas utility companies, and natural gas producers. The company was founded in 1996 and is based in Bedford, Texas. South Jersey Resources Group, LLC operates as a subsidiary of South Jersey Energy Solutions, LLC.

2350 Airport Freeway

Suite 505

Bedford, TX 76022

United States

Founded in 1996

Phone:

817-283-0450

Fax:

817-283-1080

Key Executives for South Jersey Resources Group, LLC

Chief Executive Officer
Age: 56
President of South Jersey Energy Solutions and Director of South Jersey Energy Solutions
Age: 46
Senior Vice President
Treasurer
Compensation as of Fiscal Year 2014.

South Jersey Resources Group, LLC Key Developments

South Jersey Resources Group Executes Four Years Contract to Supply Fuel Management Service to Panda's Stonewall Power Project

South Jersey Industries announced that South Jersey Resources Group has executed a 4-year contract to supply fuel management services with Panda Power Funds for their Stonewall Power Project. Under the terms of the contract, SJRG will be the exclusive provider of natural gas supplies and services associated with managing those supplies for the generating station. The proposed facility is a clean natural-gas fueled 750 megawatt natural combined-cycle generating station located in Loudoun County Virginia. Commercial operations are expected to begin in 2017. Once built, the plant is expected to supply the power needs of up to 750,000 homes in Virginia. The company will also manage new pipeline capacity for Panda on Dominion Transmission from the Marcellus Shale to Stonewall. The total supply contract for the project is 110,000 dekatherms per day, of which 55,000 dth will be supplied on the new pipeline space.

South Jersey Resources Group to Supply Fuel Management Services to Panda Patriot Facility

South Jersey Industries announced that SJES subsidiary, South Jersey Resources Group, has executed a 4-year contract to supply fuel management services to Panda Power Fund's newly acquired Patriot power project. The proposed facility developed by Moxie Energy, LLC and recently acquired and financed by Panda Power Funds, is a planned 829 megawatt natural gas-fueled, combined-cycle generating station located in Lycoming County Pennsylvania. The unit at maximum output will burn up to 137,000 dekatherms of gas a day. Commercial operations are expected to begin by the middle of 2016. When completed, the Patriot project will be the second new power plant in the Commonwealth, after Panda's Liberty power plant. The company has a 5-year contract to supply fuel management services to the Liberty facility as well. Under the terms of the contract, the company will be the provider of natural gas supplies and services associated with managing those supplies for the generating station.

South Jersey Resources Group Executes Five Years Contract to Supply Fuel Management Services with Moxie Liberty LLC

South Jersey Resources Group has executed five years contract to supply fuel management services with Moxie Liberty LLC. The proposed facility developed by Moxie Energy, LLC and recently acquired and financed by Panda Power Funds, is a planned 829 megawatt natural gas-fueled, combined-cycle generating station located in Bradford County Pennsylvania. Commercial operations are expected to begin by early 2016. Under the terms of the contract, SJRG will be the exclusive provider of natural gas supplies and services associated with managing those supplies for the generating station.

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