Station Supports Need for Enhanced CNG Infrastructure
New Jersey Natural Gas (NJNG) today announced the opening of Ocean
County, New Jersey’s first public-access compressed natural gas (CNG)
fueling station at the Waste Management, Inc. (NYSE:WM) facility in Toms
River.
“Throughout our history, New Jersey Natural Gas has celebrated many
milestones, but to be part of bringing the first public compressed
natural gas fueling station to Ocean County is truly exciting,” said
Laurence M. Downes, chairman and CEO of New Jersey Natural Gas. “We
appreciate the opportunity to work with Waste Management to help
stimulate the state’s market for compressed natural gas vehicles and the
benefits they provide. CNG vehicles are a proven, energy-efficient
alternative to gasoline and diesel-powered vehicles, help to improve air
quality in our communities and support the country’s goal of energy
independence.”
The construction of the CNG fueling station in Toms River is part of
NJNG’s unique pilot program, the NGV Advantage. With approval from the
New Jersey Board of Public Utilities, NJNG invested a total of $10
million to build, own and maintain the infrastructure for three public
CNG fueling stations in its service territory. The station at Waste
Management’s Toms River facility is the first to become operational.
“Waste Management’s natural gas conversion has allowed us to achieve
important environmental goals of reducing our fleet’s emissions by 15
percent and improving efficiency by 15 percent,” Waste Management Senior
District Manager Carmen Perez said. “These ambitious goals were
announced in 2007 and the natural gas conversion allowed us to reach
these milestones well before our 2020 deadline; and we have many more
trucks to convert.
“Waste Management is thankful for New Jersey Natural Gas, and all of
their work that has made this project possible,” Ms. Perez continued.
“New Jersey Natural Gas has enabled us to operate and service our
customers more cleanly and quietly, and will enable those who live in
and enjoy Ocean County the opportunity to consider this affordable and
environmentally friendly transportation fuel.”
Previously, there had been only eight CNG fueling stations open to the
public in New Jersey, which has been a major obstacle to increased use
of natural gas vehicles (NGV). The investment in the CNG station at the
Waste Management facility and other host sites is an important step in
further developing the use of NGVs and, in particular, making it a
viable option for area fleets to convert to a cleaner domestic fuel.
With abundant supplies of natural gas in the United States available at
competitive prices, CNG compares favorably to gasoline and diesel. In
fact, according to a study prepared for the California Energy
Commission, natural gas-powered vehicles produce between 20 and 30
percent fewer greenhouse gas emissions than those powered by diesel.
About Waste Management
Waste Management (NYSE:WM) is the largest environmental solutions
provider in North America, serving more than 20 million customers in the
U.S. and Canada. As part of its strategy, Waste Management is committed
to developing new waste solutions that can help communities and
organizations achieve their green goals, including zero waste. As North
America’s largest residential recycler, the company expects to manage
more than 20 million tons every year by 2020, up from the more than 12
million tons handled in 2012. Waste Management’s corporate office is in
Houston, Texas.
About New Jersey Resources
New Jersey Resources (NYSE:NJR) is a Fortune 1000 company
that provides safe and reliable natural gas and clean energy services,
including transportation, distribution and asset management. With annual
revenues in excess of $3 billion, NJR is comprised of five primary
businesses:
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New Jersey Natural Gas is NJR’s principal subsidiary that operates
and maintains over 7,300 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 and Middlesex
counties.
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NJR Energy Services manages a diversified portfolio of natural
gas transportation and storage assets and provides physical natural
gas services to its customers across North America.
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NJR Clean Energy Ventures invests in, owns and operates solar
and onshore wind projects with a total capacity of over 130 megawatts,
providing residential and commercial customers with low-carbon
solutions.
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NJR Midstream serves customers from local distributors and
producers to electric generators and wholesale marketers through its
equity ownership in a natural gas storage facility and Dominion
Midstream Partners, LP.
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NJR Home Services provides heating, central air conditioning,
standby generators, solar and other indoor and outdoor comfort
products to residential homes and businesses throughout New Jersey and
serves approximately 117,000 service contract customers.
NJR and its nearly 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.
“Like” us on
facebook.com/NewJerseyNaturalGas.
Download our free NJR investor
relations app for iPad, iPhone and Android.
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