SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 5, 1994
NEW JERSEY RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
New Jersey 1-8359 22-2376465
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
1415 Wyckoff Road 07719
Wall, New Jersey (Zip Code)
(Address of principal
executive offices)
(908)938-1480
(Registrant's telephone number, including area code)
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Item 5. Other Events
Reference is made to Note 7 to the Consolidated Financial
Statements - Regulatory Issues incorporated by reference in New
Jersey Resources Corporation's (the "Company") September 30, 1993
Annual Report on Form 10-K concerning a) New Jersey Natural Gas
Company's ("NJNG") base rate petition with the New Jersey Board
of Regulatory Commissioners (the "BRC") seeking additional annual
base revenues of approximately $26.9 million and b) an
incentive - ratemaking plan petition filed with the BRC.
On January 5, 1994 the BRC approved a stipulated agreement which
authorizes a $7.5 million base rate increase. In connection with
this agreement, NJNG withdrew its incentive - ratemaking
petition. The agreement is effective immediately.
The $7.5 million base rate increase includes an 11.5% allowed
return on common equity and a rate base of $492 million. NJNG's
filing had requested a 12.5% return on equity and a rate base,
including projected additions to utility plant through September
1994, of $541 million.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
NEW JERSEY RESOURCES CORPORATION
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Date: January 13, 1994 By: /s/Laurence M. Downes
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Laurence M. Downes
Senior Vice President and
Chief Financial Officer
