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SJI > SEC Filings for SJI > Form 8-K on 5-Mar-2013All Recent SEC Filings

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Form 8-K for SOUTH JERSEY INDUSTRIES INC


5-Mar-2013

Other Events


Item 8.01. Other Events.

On March 4, 2013, Marina Energy LLC ("Marina"), a wholly-owned subsidiary of South Jersey Industries, Inc. ("SJI"), issued a press release reporting that Marina and DCO Energy, LLC had entered into an agreement to sell the assets of their joint venture, LVE Energy Partners, LLC, to Boyd Gaming Corporation for $187 million. As a result of this transaction, Marina received cash proceeds of approximately $58 million. The transaction is not expected to have a significant impact on Marina's results of operations. The press release is attached hereto as Exhibit 99.

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