FILE NO. 69-265
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
FORM U-3A-2
Statement by Holding Company Claiming Continued Exemption Under Rule U-3A-2
from the Provisions of the Public Utility Holding Company Act of 1935
NEW JERSEY RESOURCES CORPORATION
For the Calendar Year Ending December 31, 1994
<PAGE>
New Jersey Resources Corporation (the "Company") hereby files with the
Securities and Exchange Commission, pursuant to Rule 2, its statement claiming
continued exemption as a holding company from the provisions of the Public
Utility Holding Company Act of 1935, and submits the following information:
1. The Company is a New Jersey corporation, located at 1415 Wyckoff Road,
Wall, New Jersey. The Company holds 100% of the Common Stock of New Jersey
Natural Gas Company ("NJNG") and Paradigm Resources Corporation ("PRC"), both of
which are organized in the State of New Jersey and are located at 1415 Wyckoff
Road, Wall, New Jersey. The Company has no independent business operations, but
operates as a holding company of NJNG and PRC, as well as any other subsidiaries
that may be formed in the future.
PRC is a sub-holding company formed to better segregate NJR's non-regulated
subsidiaries. PRC owns 100% of the common stock of the Company's non-utility
subsidiaries including, Paradigm Power, Inc. ("PPI"), NJR Energy Corporation
("NJRE") and Commercial Realty & Resources Corp. ("Commercial Realty").
PPI and its subsidiaries, Lighthouse One, Inc. ("LH One") and Lighthouse
II, Inc. ("LH-II"), will develop and invest in natural gas-fueled cogeneration
and independent power production projects. PPI is a New Jersey corporation and
LH One was organized in the State of New York. LH II was formed in March 1994 in
the State of Delaware. PPI, LH One and LH II are each located at 1415 Wyckoff
Road, Wall, New Jersey. As of December 31, 1994, neither PPI nor either
subsidiary had capital invested in any projects.
NJRE and its five wholly owned subsidiaries, New Jersey Natural Resources
Company
-2-
<PAGE>
("NJNR"), NJNR Pipeline Company ("Pipeline"), NJR Storage Corporation
("Storage"), Natural Resources Compressor Company ("NRCC") and NJRE Operating
Company ("NJRE Operating"), are involved in oil and natural gas development,
production, transportation, storage and other energy related ventures. All of
the above, except for Storage, are New Jersey corporations and all are located
at 100 West Fifth Street, Suite 601, Tulsa, Oklahoma. Storage was organized in
December 1994 in the State of Delaware.
NJRE and NJNR are working-interest participants in oil and natural gas
development and production ventures in Arkansas, Kansas, Louisiana, Oklahoma,
Texas, Utah, and the Appalachian Basin (New York, Pennsylvania, and West
Virginia). In addition, NJNR is a participant in a natural gas transportation
pipeline joint venture that was constructed to serve the Johnstown, Pennsylvania
plant of Bethlehem Steel Corporation. Since Bethlehem discontinued gas purchases
from the joint venture on June 1, 1993, field production is currently being sold
into the interstate natural gas market. Also, NJNR is a participant in a
pipeline joint venture in Utah. Pipeline is a 2.8% equity participant in the
Iroquois Gas Transmission System pipeline that delivers natural gas from the
Canadian border to Long Island. Storage is a 5.67% equity participant in the
Market Hub Partners, L.P., intended to develop, own and operate a system of five
natural gas market centers with high deliverability salt cavern storage
facilities in Texas, Louisiana, Mississippi, Michigan and Pennsylvania. NRCC,
which sold the majority of its fleet of compressors in April 1994, leases
equipment to provide compressor and dehydration services to producing gas
properties in the Arkoma Basin. NJRE Operating facilitates the assumption of
operations of certain oil and gas properties.
-3-
<PAGE>
Commercial Realty, a New Jersey corporation, is located at 1315 Campus
Parkway, Wall, New Jersey. Commercial Realty develops and owns commercial office
and mixed-use commercial/industrial real estate projects primarily in Monmouth
and Atlantic Counties, New Jersey. At December 31, 1994, Commercial Realty owned
and operated 17 office buildings totaling 914,200 square feet. These buildings
are about 97% leased.
PPI, NJRE and Commercial Realty are material to the Company and are
accounted for on a consolidated basis.
Only NJNG, a New Jersey corporation whose principal office is located at
1415 Wyckoff Road, Wall, New Jersey, is a public utility. NJNG is engaged in the
business of purchasing, distributing and selling natural gas exclusively in the
state of New Jersey, other than as described in Section 3(c) of this document,
to more than 340,000 residential, commercial and industrial customers throughout
most of Monmouth and Ocean counties and parts of Morris and Middlesex counties.
The Company and NJNG expect, from time to time, to render each to the
other, certain services and to make available the use of certain personnel,
facilities and equipment. The company receiving such services or using such
facilities and equipment will reimburse the other for the cost thereof, pursuant
to certain service agreements approved by the Board of Directors of each company
and by the New Jersey Board of Public Utilities.
2. As of December 31, 1994, NJNG owned approximately 4,000 miles of steel,
wrought and cast iron distribution mains, and 1,200 miles of plastic
distribution main. Additionally, NJNG owned approximately 325 miles of
transmission mains in various sizes, approximately 323,121 services and
approximately 355,000 meters.
-4-
<PAGE>
NJNG owns and operates two liquefied natural gas storage plants located in
Stafford, and Howell Townships, New Jersey. The two plants have an estimated
effective capacity of approximately 20,000 and 150,000 Mcf per day,
respectively. These production facilities are used for peaking supplies and
emergencies.
NJNG owns two service centers, one in Atlantic Highlands and the other in
Wall, New Jersey and owns combined service center/customer service offices in
Lakewood and Rockaway Township, New Jersey. NJNG also owns a storage facility in
Long Branch, New Jersey. NJNG leases its headquarters facilities and a customer
service office in Wall, New Jersey, a customer service office located in Asbury
Park, New Jersey, and a service center in Manahawkin, New Jersey. Each service
center houses storerooms, garages, gas distribution and appliance service
operations, and small administrative offices. The customer service offices
support customer contact, marketing and other functions.
NJNG owns and leases certain electronic data processing equipment and owns
and leases a fleet of trucks, service vehicles, and automobiles.
Substantially all of NJNG properties are subject to the lien of an
Indenture of Mortgage and Deed of Trust to Harris Trust and Savings Bank,
Chicago, Illinois, dated April 1, 1952, as amended by twenty-four (24)
Supplemental Indentures, as security for NJNG's bonded debt which totaled
approximately $205,000,000 at December 31, 1994.
3. (a) NJNG distributed at retail approximately 59,746,136 Dry Dths of
natural or manufactured natural gas for the calendar year ended December 31,
1994.
-5-
<PAGE>
(b) NJNG did not distribute at retail any natural or manufactured gas
outside New Jersey, its state of organization.
(c) NJNG sold approximately 25,997,350 Dry Dths of natural gas outside New
Jersey to various customers during calendar 1994 under a Blanket Sales for
Resale Certificate, issued by the Federal Energy Regulatory Commission.
(d) For the calendar year ended December 31, 1994, deliveries of natural or
manufactured gas to NJNG from sources outside the State of New Jersey amounted
to approximately 85,743,486 Dry Dths.
4. (a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Not Applicable.
-6-
<PAGE>
The above-named claimant has caused this statement to be executed on its
behalf by its authorized officer on this 28th day of February 1995.
New Jersey Resources Corporation
By: Oliver G. Richard III
------------------------------
OLIVER G. RICHARD III
Chairman, President & CEO
(Corporate Seal)
Attest:
Oleta J. Harden
- ---------------------------------
OLETA J. HARDEN
Senior Vice President & Secretary
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Oleta J. Harden, Senior Vice President & Secretary
New Jersey Resources Corporation
1415 Wyckoff Road
Wall, NJ 07719
-7-
EXHIBIT A
There is attached as Exhibit A, Consolidating Income Statement and
Consolidating Balance Sheet of the Company and its subsidiary companies for the
fiscal year ended September 30, 1994.
<PAGE>
<TABLE>
<CAPTION>
NEW JERSEY RESOURCES CORPORATION 10-Jan-95
Consolidating Income Statement 11:59:19 AM
Twelve Months Ended September 30, 1994
CONSOLIDATING CONSOL
NJRE CR&R PPI PARADIGM DR (CR) PARADIGM
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUE ............................ 9,440 12,466 0 0 21,906
------------------------------------------------------------------------------------
OPERATING EXPENSES
Gas Purchases .............................. 0 0 0 0 0
Operations & Maintenance ................... 5,312 3,587 317 0 9,216
Depreciation & Amortization ................ 5,235 1,941 3 0 7,179
Bessie-8 write-down ........................ 999 999
Dry hole costs ............................. 29 29
Gross Receipts Tax, etc. ................... 200 1,512 13 0 1,725
FIT ........................................ (1,880) 394 (126) 0 (1,612)
------------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES ................. 9,895 7,434 207 0 0 0 17,536
------------------------------------------------------------------------------------
OPERATING INCOME ............................. (455) 5,032 (207) 0 4,370
Other Income (Expense) ....................... 0 (653) 3,351 0 2,698
FIT-Other Income (Expense) ................... 0 229 (1,173) 0 (944)
------------------------------------------------------------------------------------
OTHER INCOME--NET ............................ 0 (424) 2,178 0 0 0 1,754
------------------------------------------------------------------------------------
INCOME BEFORE INTEREST CHARGES ............... (455) 4,608 1,971 0 0 0 6,124
------------------------------------------------------------------------------------
INTEREST CHARGES ............................. 1,821 5,490 27 0 7,338
CAPITALIZED INTEREST ......................... (87) (1,231) 0 0 (1,318)
------------------------------------------------------------------------------------
INTEREST CHARGES, NET ........................ 1,734 4,259 27 0 0 0 6,020
------------------------------------------------------------------------------------
EQUITY EARNINGS IN SUBS ...................... 0 0 0 842 842 0
------------------------------------------------------------------------------------
NET INCOME ................................... (2,189) 349 1,944 842 842 0 104
PREFERRED STOCK DIVIDENDS .................... 0 0 0 0 0
------------------------------------------------------------------------------------
NET INCOME BEF. CUM. CHANGE IN ACCTING ....... (2,189) 349 1,944 842 104
FAS 109 ...................................... 79 660 739
------------------------------------------------------------------------------------
EARNINGS AVAILABLE FOR COM STOCK ............. (2,110) 1,009 1,944 842 843
====================================================================================
RECLASS CONSOLIDATING CONSOL
NJR NJNG PARADIGM TOTAL DR (CR) DR (CR) TOTAL
--------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUE ..................... 0 480,321 21,906 502,227 3,316 (C) 498,749
162 (D)
--------------------------------------------------------------------------------------------
OPERATING EXPENSES
Gas Purchases ....................... 0 279,691 0 279,691 162 (D) 279,529
Operations & Maintenance ............ 4,741 63,747 9,216 77,704 3,316 (C) 69,057
5,331 (E)
Depreciation & Amortization ......... 147 19,270 7,179 26,596 26,596----|
27,596
Bessie-8 write-down ................. 999 999 999----|
Dry hole costs ...................... 29 29 29
Gross Receipts Tax, etc. ............ 82 51,950 1,725 53,757 53,757
FIT ................................. 2 16,461 (1,612) 14,851 14,851
--------------------------------------------------------------------------------------------
TOTAL OPERATING EXPENSES .......... 4,972 431,119 17,536 453,627 444,818
--------------------------------------------------------------------------------------------
OPERATING INCOME ...................... (4,972) 49,202 4,370 48,600 53,931
Other Income (Expense) ................ 5,331 691 2,698 8,720 5,331 (E) 5 (F) 3,394
FIT-Other Income (Expense) ............ 0 (242) (944) (1,186) (1,186)
--------------------------------------------------------------------------------------------
OTHER INCOME--NET ..................... 5,331 449 1,754 7,534 2,208
--------------------------------------------------------------------------------------------
INCOME BEFORE INTEREST CHARGES ........ 359 49,651 6,124 56,134 56,139
--------------------------------------------------------------------------------------------
INTEREST CHARGES ...................... 336 17,130 7,338 24,804 24,804
CAPITALIZED INTEREST .................. 0 (1,283) (1,318) (2,601) (2,601)
--------------------------------------------------------------------------------------------
INTEREST CHARGES, NET ................. 336 15,847 6,020 22,203 22,203
--------------------------------------------------------------------------------------------
EQUITY EARNINGS IN SUBS ............... 32,985 0 0 32,985 32,985 (A) 0
--------------------------------------------------------------------------------------------
NET INCOME ............................ 33,008 33,804 104 66,916 33,936
PREFERRED STOCK DIVIDENDS ............. 0 1,662 0 1,662 1,662
--------------------------------------------------------------------------------------------
NET INCOME BEF. CUM. CHANGE IN ACCTING 33,008 32,142 104 65,254 32,274
FAS 109 ............................... (18) 0 739 721 721
--------------------------------------------------------------------------------------------
EARNINGS AVAILABLE FOR COM STOCK ...... 32,990 32,142 843 65,975 32,995
============================================================================================
EARNINGS PER SHARE PRE 109 $1.89
=====
WEIGHTED SHARES 17,096,364 EARNINGS PER SHARE $1.93
========== =====
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
NEW JERSEY RESOURCES CORPORATION 10-Jan-95
Consolidating Balance Sheet 11:59:39 AM
September 30, 1994
ASSETS
------------------------------------------------------------------------------------
CONSOLIDATING CONSOL
NJRE CR&R PPI PARADIGM DR (CR) PARADIGM
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PROP, PLANT & EQUIP
Utility plant ........................... 0 0 0 0 0
Accumulated depreciation ................ 0 0 0 0 0
Oil and gas properties .................. 63,224 0 0 0 63,224
Accumulated amortization ................ (38,012) 0 0 0 (38,012)
Furniture & Fixtures .................... 0 0 21 0 21 (5)
Real estate properties .................. 0 104,309 0 0 104,309
Accumulated depreciation ................ 0 (12,602) (4) 0 4 (5) (12,602)
------------------------------------------------------------------------------------
Prop plant & equip--net ............... 25,212 91,707 17 0 4 21 116,919
------------------------------------------------------------------------------------
CURRENT ASSETS
Cash & Temp. Invest. .................... 107 48 444 1 600
Customer A/R ............................ 1,606 1,219 4,001 0 2,986 (3) 3,840
Unbilled revenue ........................ 0 0 0 0 0
Allow for doubtful a/c's ................ 0 (47) 0 0 (47)
Deferred gas costs ...................... 0 0 0 0 0
Gas in storage .......................... 0 0 0 0 0
Materials & supplies .................... 0 0 0 0 0
Prepaid state taxes ..................... 0 0 0 0 0
Other ................................... 334 41 0 485 485 (4) 375
------------------------------------------------------------------------------------
Total current assets .................. 2,047 1,261 4,445 486 0 3,471 4,768
------------------------------------------------------------------------------------
DEFERRED FIT .............................. 4,559 1,343 42 0 5,944 (2) 0
DEFERRED CHARGES & OTHER .................. 6,247 1,548 0 0 2,986 (3) 10,798
17 (5)
INVESTMENT IN SUBSIDIARIES
NJNG .................................... 0 0 0 0 0
NJNR .................................... 0 0 0 (3,969) 3,969 (1) 0
CR&R .................................... 0 0 0 11,432 11,432 (1) 0
PPI ..................................... 0 0 0 1,599 1,599 (1) 0
PARADIGM ................................ 0 0 0 0 0
CER ..................................... 0 0 0 0 0
------------------------------------------------------------------------------------
Total investment in subs .............. 0 0 0 9,062 3,969 13,031 0
------------------------------------------------------------------------------------
INTERCOMPANY
NJR ..................................... (36,246) (74,871) (646) (1) (111,764)
NJNG .................................... 256 (22) (28) 0 206
NJRE .................................... 0 0 0 0 0
CR&R .................................... 0 0 0 0 0
PPI ..................................... 0 0 0 0 0
Paradigm ................................ 0 0 0 0 0
Lighthouse One .......................... 0 0 0 0 0
------------------------------------------------------------------------------------
Total intercompany .................... (35,990) (74,893) (674) (1) 0 0 (111,558)
------------------------------------------------------------------------------------
INTERCOMPANY-FIT .......................... 191 (866) (120) 0 (795)
------------------------------------------------------------------------------------
TOTAL ASSETS .......................... 2,266 20,100 3,710 9,547 6,976 22,467 20,132
====================================================================================
ASSETS
------------------------------------------------------------------------------------------------------
RECLASS CONSOLIDATING CONSOL
NJR NJNG PARADIGM TOTAL DR (CR) DR (CR) TOTAL
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROP, PLANT & EQUIP
Utility plant ............ 0 691,847 0 691,947 90 (F) 691,757 a sum a =
Accumulated depreciation . 0 (168,299) 0 (168,299) (168,299) b 859,290
Oil and gas properties ... 0 0 63,224 63,244 a sum b =
Accumulated amortization . 0 0 (38,012) (38,012) (38,012) b (218,913)
Furniture & Fixtures ..... 0 0 0 0 0 a
Real estate properties ... 771 0 104,309 105,080 771 (1) 104,309 a
Accumulated depreciation . (386) 0 (12,602) (12,988) 386 (1) (12,602) b
------------------------------------------------------------------------------------------------------
Prop plant & equip--net 385 523,548 116,919 640,852 640,377
------------------------------------------------------------------------------------------------------
CURRENT ASSETS
Cash & Temp. Invest. ..... 153 1,198 600 1,951 1,951
Customer A/R ............. 0 14,965 3,840 18,805 18,805
Unbilled revenue ......... 0 9,136 0 9,136 9,136
Allow for doubtful a/c's . 0 (610) (47) (657) (657)
Deferred gas costs ....... 0 16,008 0 16,008 16,008
Gas in storage ........... 0 33,483 0 33,483 33,483
Materials & supplies ..... 0 7,143 0 7,143 7,143
Prepaid state taxes ...... 0 11,077 0 11,077 11,077
Other .................... 10,115 2,336 375 12,826 34 (5) 6,575 (B) 6,285
------------------------------------------------------------------------------------------------------
Total current assets ... 10,268 94,736 4,768 109,772 103,231
------------------------------------------------------------------------------------------------------
DEFERRED FIT ............... 1,227 0 0 1,227 1,227 (2) 0
DEFERRED CHARGES & OTHER ... 674 41,882 10,798 53,354 385 (1) 53,739
INVESTMENT IN SUBSIDIARIES
NJNG ..................... 247,945 0 0 247,945 247,945 (A) 0
NJNR ..................... 0 0 0 0 0 (A) 0
CR&R ..................... 0 0 0 0 0 (A) 0
PPI ...................... 0 0 0 0 0 (A) 0
PARADIGM ................. 9,061 0 0 9,061 9,061 (A) 0
CER ...................... 0 0 0 0 0 (A) 0
------------------------------------------------------------------------------------------------------
Total investment in subs 257,006 0 0 257,006 257,006 0
------------------------------------------------------------------------------------------------------
INTERCOMPANY
NJR ...................... 0 828 (111,764) (110,936) 34 (5) (110,970)
NJNG ..................... (827) 0 206 (621) (621)
NJRE ..................... 36,228 (95) 0 36,133 36,133
CR&R ..................... 74,825 (42) 0 74,783 74,783
PPI ...................... 646 28 0 674 674
Paradigm ................. 1 0 0 1 1
Lighthouse One ........... 0 0 0 0 0
------------------------------------------------------------------------------------------------------
Total intercompany ..... 110,873 719 (111,558) 34 0 0
------------------------------------------------------------------------------------------------------
INTERCOMPANY-FIT ........... (2,065) 2,860 (795) 0 0
------------------------------------------------------------------------------------------------------
TOTAL ASSETS ........... 378,368 663,745 20,132 1,062,245 797,347
======================================================================================================
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
NEW JERSEY RESOURCES CORPORATION 10-Jan-95
Consolidating Balance Sheet 11:59:39 AM
September 30, 1994
LIABILITIES AND STOCKHOLDER EQUITY
------------------------------------------------------------------------------------
CONSOLIDATING CONSOL
NJRE CR&R PPI PARADIGM DR (CR) PARADIGM
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION
Common stock equity .................... (3,969) 11,432 1,599 9,062 9,062 (1) 9,062
Redeemable preferred stock ............. 0 0 0 0 0
Long-term debt ......................... 0 0 0 0 0
------------------------------------------------------------------------------------
Total capitalization ................. (3,969) 11,432 1,599 9,062 9,062 0 9,062
------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current maturities of LTD .............. 0 0 0 0 0
Notes payable to banks ................. 0 0 0 0 0
Commercial paper ....................... 0 0 0 0 0
Purchased gas .......................... 0 0 0 0 0
Accounts payable & other ............... 1,078 1,353 769 485 485 (4) 3,200
Accrued taxes .......................... 0 0 0 0 0
Overrecovered gas costs ................ 0 0 0 0 0
Customer (cr) bal & dep ................ 0 252 0 0 252
------------------------------------------------------------------------------------
Total current liabil ................. 1,078 1,605 769 485 485 0 3,452
------------------------------------------------------------------------------------
DEFERRED CREDITS
Deferred ITC ........................... 21 27 0 0 48
Deferred FIT ........................... 5,136 6,607 1,015 0 5,944 (2) 6,814
Other deferred taxes ................... 0 0 0 0 0
Other .................................. 0 429 327 0 756
------------------------------------------------------------------------------------
Total deferred credits ............... 5,157 7,063 1,342 0 5,944 0 7,618
------------------------------------------------------------------------------------
TOTAL CAP & LIAB. .................. 2,266 20,100 3,710 9,547 15,491 0 20,132
====================================================================================
0 0 0 0 22,467 22,467 0
0 0 0 0 0 0
LIABILITIES AND STOCKHOLDER EQUITY
---------------------------------------------------------------------------------------------------
RECLASS CONSOLIDATING CONSOL
NJR NJNG PARADIGM TOTAL DR (CR) DR (CR) TOTAL
---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION
Common stock equity .......... 249,577 247,945 9,062 506,584 675 (3) 257,006 (A) 250,163
90 (F)
Redeemable preferred stock ... 0 22,070 0 22,070 22,070
Long-term debt ............... 118,875 205,390 0 324,265 675 (3) 323,590
---------------------------------------------------------------------------------------------------
Total capitalization ....... 368,452 475,405 9,062 852,919 595,823
---------------------------------------------------------------------------------------------------
CURRENT LIABILITIES
Current maturities of LTD .... 0 3,641 0 3,641 674 (4) 4,315
Notes payable to banks ....... 0 0 0 0 0----|
42,000
Commercial paper ............. 0 42,000 0 42,000 42,000----|
Purchased gas ................ 0 14,950 0 14,950 14,950
Accounts payable & other ..... 9,814 30,398 3,200 43,412 674 (4) 6,575 (B) 36,163
Accrued taxes ................ (875) 4,005 0 3,130 3,130
Overrecovered gas costs ...... 0 0 0 0 0
Customer (cr) bal & dep ...... 0 14,228 252 14,480 14,480
---------------------------------------------------------------------------------------------------
Total current liabil ....... 8,939 109,222 3,452 121,613 115,038
---------------------------------------------------------------------------------------------------
DEFERRED CREDITS
Deferred ITC ................. 0 11,977 48 12,025 12,025
Deferred FIT ................. (15) 47,126 6,814 53,925 1,227 (2) 52,698----|
52,698
Other deferred taxes ......... 0 0 0 0 0----|
Other ........................ 992 20,015 756 21,763 21,763
---------------------------------------------------------------------------------------------------
Total deferred credits ..... 977 79,118 7,618 87,713 86,486
---------------------------------------------------------------------------------------------------
TOTAL CAP & LIAB. ........ 378,368 663,745 20,132 1,062,245 0 0 797,347
===================================================================================================
0 0 0 3,381 3,381 263,671 263,671 0
0 0 0 0 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
EXHIBIT B
There is attached as Exhibit B, Consolidating Financial Data Schedule for
the fiscal year ended September 30, 1994.
Exhibit 27-1
New Jersey Resources Corporation
Financial Data Schedule UT
For the Fiscal Year Ended September 30, 1994
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NEW JERSEY
RESOURCES CORPORATION'S 1994 ANNUAL REPORT TO STOCKHOLDERS INCLUDING THE
CONSOLIDATED STATEMENTS OF INCOME, CONSOLIDATED STATEMENTS OF CASH FLOWS,
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF COMMON STOCK EQUITY
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> YEAR
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 797,347
<TOTAL-OPERATING-REVENUES> 498,749
<NET-INCOME> 32,995
</TABLE>
EXHIBIT C
Not Applicable
