New Jersey Resources Statement: Federal Energy Regulatory Commission Approves PennEast Pipeline

January 22, 2018

WALL, N.J.–(BUSINESS WIRE)–On January 19, following a lengthy, thorough review, the Federal Energy
Regulatory Commission (FERC) approved the PennEast pipeline. In issuing
a Certificate of Public Convenience and Necessity, FERC agreed there was
a clear need for PennEast, and that it can be operated safely, with
minimal impact on the environment.

“FERC’s approval process for pipelines is a stringent one, as it should
be,” Stephen Westhoven, chief operating officer at New Jersey Resources,
said. “The PennEast team has worked diligently to meet all FERC
requirements, in order to provide low-cost natural gas to our state’s
residents and businesses, reduce energy costs, create jobs and drive
economic development in New Jersey.”

“We are pleased this project has received FERC approval, and look
forward to delivering the benefits of this locally sourced, abundant,
low-cost natural gas to our state.”

For additional information, visit penneastpipeline.com/news.

About New Jersey Resources

New Jersey Resources (NYSE:NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas and
clean energy services, including transportation, distribution, asset
management and home services. NJR is composed of five primary businesses:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates
    and maintains over 7,400 miles of natural gas transportation and
    distribution infrastructure to serve over half a million customers in
    New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and
    Burlington counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar
    and onshore wind projects with a total capacity of more than 315
    megawatts, providing residential and commercial customers with
    low-carbon solutions.
  • NJR Energy Services manages a diversified portfolio of natural
    gas transportation and storage assets and provides physical natural
    gas services and customized energy solutions to its customers across
    North America.
  • NJR Midstream serves customers from local distributors and
    producers to electric generators and wholesale marketers through its
    50 percent equity ownership in the Steckman Ridge natural gas storage
    facility and its stake in Dominion Midstream Partners, L.P., as well
    as its 20 percent equity interest in the PennEast Pipeline Project.
  • NJR Home Services provides service contracts as well as
    heating, central air conditioning, water heaters, standby generators,
    solar and other indoor and outdoor comfort products to residential
    homes throughout New Jersey.

NJR and its more than 1,000 employees are committed to helping customers
save energy and money by promoting conservation and encouraging
efficiency through Conserve to Preserve® and initiatives such
as The SAVEGREEN Project® and The Sunlight Advantage®.

For more information about NJR:

Visit www.njresources.com.
Follow
us on Twitter @NJNaturalGas.
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facebook.com/NewJerseyNaturalGas.
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relations app for iPad, iPhone and Android.

Contacts

New Jersey Resources
Media:
Michael Kinney,
732-938-1031
[email protected]
or
Investor:
Dennis
Puma, 732-938-1229
[email protected]