New Jersey Resources Corporation was founded in 1922 as County Gas Company, a gas distributor in New Jersey. In 1929 County Gas was acquired by Public Service Corporation, and operated as part of this company until after World War II.
After the war County Gas was sold to a group of investors for $200,000 in 1948 in order to comply with the Public Utility Holding Company Act of 1935, which stated that a company could not be involved in both gas and electric businesses.
In 1951 County Gas purchased assets of Jersey Central Power & Light and the next year in 1952 the company changed its name to New Jersey Natural Gas Company.
Today New Jersey Resources Corporation distributes gas to over 500,000 business and residential customers in New Jersey. The company’s distribution, transmission, and service are handled through its 14,450 miles of gas mains.
The company trades publicly on the New York Stock Exchange under the ticker symbol NJR, is a member of the S&P 600, is a member of the Russell 2000, is #699 in the Fortune 1000, has 968 employees, and had $3.74 billion in revenue in 2013.
New Jersey Resources CorporationNew Jersey Resources Corporation was founded in 1922 as County Gas Company, a gas distributor in New Jersey. In 1929 County Gas was acquired by Public Service Corporation, and operated as part of this company until after World War II.
After the war County Gas was sold to a group of investors for $200,000 in 1948 in order to comply with the Public Utility Holding Company Act of 1935, which stated that a company could not be involved in both gas and electric businesses.
In 1951 County Gas purchased assets of Jersey Central Power & Light and the next year in 1952 the company changed its name to New Jersey Natural Gas Company.
History
Today New Jersey Resources Corporation distributes gas to over 500,000 business and residential customers in New Jersey. The company’s distribution, transmission, and service are handled through its 14,450 miles of gas mains.
The company trades publicly on the New York Stock Exchange under the ticker symbol NJR, is a member of the S&P 600, is a member of the Russell 2000, is #699 in the Fortune 1000, has 968 employees, and had $3.74 billion in revenue in 2013.
