NJR - New Jersey Natural Gas customers to receive $10M bill credit

New Jersey Natural Gas ((NJNG)), the principal subsidiary of New Jersey Resources ([[NJR]] -0.1%) notified the New Jersey Board of Public Utilities that its residential and small commercial customers will receive $10M in bill credits, effective December 1 through December 31.The one-time bill credit will benefit the average residential heating customer using ~158 therms a $19.31, representing a decrease of 11.2% on their December bill.NJNG is providing a bill credit at this time due to rate case refunds from interstate pipelines and lower natural gas prices.NJNG says it will not earn a return on the price of natural gas used to serve its customers and the bill credit will not affect NJNG’s profitability.

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New Jersey Natural Gas customers to receive $10M bill credit