NJR
- New Jersey Resources Corporation
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Overview
Company Summary
New Jersey Resources Corporation (NJR) is a diversified energy services company headquartered in New Jersey. The company is primarily engaged in three segments: regulated utility, clean energy, and midstream.
In the regulated utility segment, NJR operates New Jersey Natural Gas (NJNG), which provides regulated retail natural gas services to residential, commercial, and industrial customers in New Jersey. NJNG delivers natural gas, maintains infrastructure, and provides customer support services, ensuring a reliable and safe supply of energy to its customers.
The clean energy segment focuses on the development, operation, and management of renewable energy projects. NJR Clean Energy Ventures, a subsidiary of NJR, invests in and owns solar and onshore wind projects in New Jersey and surrounding states. Their projects generate clean energy, reduce emissions, and contribute to a more sustainable energy future.
The midstream segment, through NJR Energy Services, involves wholesale energy trading and fuel supply operations. NJR Energy Services engages in various energy-related activities, including natural gas storage and transportation, fuel supply, and related services. This segment provides energy-related solutions to customers, ranging from large industrial users to utilities and power generation facilities.
Overall, New Jersey Resources Corporation focuses on providing reliable and cost-effective energy solutions to meet the needs of its customers in New Jersey and neighboring regions. The company's diversified portfolio allows it to capture opportunities in utility services, clean energy generation, and energy trading, making it a significant player in the energy industry.