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NJR > SEC Filings for NJR > Form 8-K on 20-Nov-2012All Recent SEC Filings

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Form 8-K for NEW JERSEY RESOURCES CORP


20-Nov-2012

Regulation FD Disclosure


Item 7.01. Regulation FD

On November 19, 2012, New Jersey Natural Gas Company ("NJNG"), a wholly-owned subsidiary of New Jersey Resources Corporation ("NJR"), filed a petition with the New Jersey Board of Public Utilities (the "Board") seeking authority to use deferred accounting treatment for actually incurred uninsured incremental storm costs associated with Hurricane Sandy that are not otherwise recovered through its currently-approved base rates. NJNG proposed that the review of and the appropriate amortization period for such deferred expenses would be addressed in NJNG's next base rate case.

As part of the petition, NJNG explained that such incremental expenses would represent actual and prudently incurred storm costs associated with NJNG's natural gas distribution system and incurred for overtime, contractor costs, mutual assistance from other utilities, and other directly related expenses resulting from damage and restoration costs associated with recovery from Hurricane Sandy.

NJNG requested that the Board approve its request in an expedited manner and issue an order authorizing such deferred accounting treatment.


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