NJNG Gets the Okay for Natural Gas Refueling Project
New Jersey Natural Gas (NJNG) gets the okay from the State Board of Public Utilities (BPU) to launch a pilot program to help stimulate the market for natural gas vehicles (NGV). The utility says it will invest $10 million dollars over the next 12 months to build between five and seven compressed natural gas refueling stations through out its service territory.
In a press release, NJNJ says beginning immediately, it will work to identify companies in Monmouth, Ocean and Morris Counties that currently use or plan to use NGVs in their fleet operations and offer to install, own and maintain the infrastructure. However, the host company would be required to make the station open to the public and use initially at least 20 percent of the refueling capacity.
NJNG says customers will not see any change to their bill in 2012 resulting from today's approval. It will submit a cost recovering filing to the BPU in the first quarter of 2013, requesting a base rate change.