New Jersey Resources Corporation Overview
New Jersey Resources Corporation is an energy services holding company primarily engaged in natural gas distribution. Headquartered in Wall, New Jersey, the company was founded in 1922 and operates through four key business segments.
Business Segments
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Natural Gas Distribution
Provides regulated natural gas utility services to residential and commercial customers across multiple New Jersey counties, including Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex. Also offers capacity and storage management services, along with participation in off-system sales and capacity release markets.
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Clean Energy Ventures
Invests in and operates clean energy projects, including commercial and residential solar installations in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana.
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Energy Services
Manages natural gas transportation and storage capacity contracts while providing wholesale energy, retail energy, and energy management services.
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Storage and Transportation
Focuses on energy-related investments, including heating, ventilation, and cooling (HVAC) services, appliance sales and installation, solar equipment installation, plumbing services, and commercial real estate holdings.
Additional Services
Beyond its core segments, New Jersey Resources Corporation offers a range of services such as HVAC solutions, appliance installations, solar equipment setup, and plumbing repairs.