SJG Offers Bill Credit to Customers

South Jersey Gas has notified the New Jersey Board of Public Utilities that it will offer the Basic Gas Supply Service self-implementing bill credit of $23 million to its customers. This means an average residential natural gas customer will receive a $69 credit on their next bill. SJG is able to offer the BGSS bill credit as a result of recent lower wholesale natural gas prices and the overall management of the company’s gas supply portfolio.

"In 2008, wholesale natural gas prices decreased and have stayed consistently low over the past three years,” said Edward J. Graham, chairman, president and CEO of South Jersey Gas. "As an organization, we continually monitor the market to best manage costs and to look for ways to save our customers money. This credit means that many customers will have a very minimal payment or no payment at all on their next bill,” added Graham.

The BGSS clause serves as a method to pass along increases or decreases in gas costs to customers; therefore, SJG’s income is not affected by BGSS rate adjustments or credits. However, customers who use third party suppliers for natural gas service will not be eligible for the credit.

South Jersey Gas is the principal subsidiary of South Jersey Industries (NYSE: SJI) and provides natural gas service to more than 347,000 residential, commercial and industrial customers in Atlantic, Cape May, Cumberland, Salem, and significant portions of Gloucester, Burlington and Camden counties in New Jersey. Visit www.southjerseygas.com to learn more about South Jersey Gas and its programs.