New Jersey Natural Gas (NJNG) has submitted a filing with the New Jersey Board of Public Utilities (BPU) to continue its Accelerated Infrastructure Program (AIP II) for an additional year to ensure the reliability and integrity of its delivery system.
In the filing, the company is proposing to spend approximately $52.2m on nine additional capital projects in Monmouth, Ocean and Morris counties.
Pending BPU approval, all work associated with the proposed projects will commence no later than 31 December 2011, and will be completed before 31 August 2012.
NJNG said it will recover the costs associated with these projects through the same method approved for the current program over a period of approximately 42 years.
The company will submit a cost recovery filing to the BPU in June 2011 and 2012 requesting a rate change to be effective in October of that year.
There will be no change to customers’ bills associated with AIP II this heating season, and the total anticipated impact for the average residential customer is expected to be approximately a 1% increase.
The BPU approved the first AIP in April 2009, and the $70.8m program included 14 capital projects throughout NJNG’s service territory.
Through AIP II, NJNG will expedite a number of its previously planned replacement, reinforcement and expansion projects.
NJNG is a subsidiary of energy and natural gas services provider New Jersey Resources.