SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): September 29, 2006
NEW JERSEY RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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New Jersey
(State or other
jurisdiction
of incorporation)
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1-8359
(Commission
File Number)
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22-2376465
(IRS Employer
Identification No.) |
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1415 Wyckoff Road
Wall, New Jersey
(Address of principal executive offices)
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07719
(Zip Code) |
(732) 938-1480
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
Item 8.01. Other Events.
New Jersey
Natural Gas (“NJNG”), a subsidiary of the Registrant, and
South Jersey Gas Company have entered into a
stipulation (the “Stipulation”) with the staff of the Board of Public Utilities (“BPU”) which
recommends to the Commissioners of the BPU approval of a three-year pilot for a Conservation
Incentive Program (“CIP”), previously referenced as the Conservation and Usage Adjustment (“CUA”).
The proposal is designed to decouple the link between customer usage and NJNG’s utility gross
margin to allow NJNG to encourage its customers to conserve energy. Under the Stipulation, the
existing Weather Normalization Clause would be replaced with the CIP tracking mechanism which
addresses margin variations related to both weather and customer usage. Furthermore, NJNG shall
initiate programs to further customer conservation efforts. It is expected that the Stipulation
will be considered by the Commissioners of the BPU on October 12, 2006. The final approval
of the CIP is in the discretion of the Commissioners of the BPU and the
Registrant can provide no assurance that the Commissioners of the BPU will adopt the Stipulation.