Houston, TX – February 5, 2019 – Our Nation's Energy Future (ONE Future) announced today that New Jersey Natural Gas (NJNG) has joined the coalition, bringing the total number of member companies to 16. New Jersey Natural Gas is the principal subsidiary of New Jersey Resources (NYSE: NJR), a diversified energy company and Fortune 1000 business.
“We are pleased to start 2019 with this important partnership that builds on NJNG's core commitment to responsible, sustainable practices that benefit our environment,” said Stephen Westhoven, President and Chief Operating Officer of New Jersey Resources. “ONE Future's recent reporting demonstrates its commitment to achieving measurable goals and exceeding expectations. NJNG is proud to join the coalition and take another important step in our ongoing commitment to environmental responsibility.”
ONE Future member companies represent the entire natural gas value chain and with the addition of New Jersey Natural Gas, now account for approximately 10% of the total natural gas production, 32% of the US natural gas transmission miles and 9% of the US natural gas distribution. As part of its member benefits, NJNG will hold a seat on ONE Future's Board of Directors. ONE Future board members work with other board members to promote best practices and share learnings on each company's respective science-based, technology and methods for methane reduction; though each member always has the flexibility to deploy its capital where it will be most effective. Additionally, NJNG will report its 2018 methane results as part of the distribution sector within the coalition.
“New Jersey Natural Gas is an important addition to the distribution segment of the coalition because it demonstrates that ONE Future is adding significant momentum to its value chain approach to reducing methane emissions,” said Richard Hyde, Executive Director, ONE Future. “As we continue our outreach, we know that the involvement of New Jersey Natural Gas will serve as a positive example to others considering membership.”
New Jersey Natural Gas operates and maintains nearly 7,500 miles of natural gas transportation and distribution infrastructure, serving over half a million customers in New Jersey's Monmouth, Ocean, Morris, Middlesex and Burlington counties.
NJNG has a long record of acting with corporate and environmental responsibility as a top priority, including the following noteworthy achievements:
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.
ONE Future was formed when eight companies came together in 2014 with a focus to collectively achieve a science-based average rate of methane emissions across our facilities equivalent to one percent (or less) of total natural gas production. Since our formation, we have grown to 16 companies accounting for the some of the largest natural gas producers, transmission and distribution companies in the U.S. ONE Future members operate in 11 out of the 19 production basins and other segments of the value chain operate in multiple regions of the country, hence ONE Future's data represent a geographically diverse and material share of the U.S. natural gas supply chain. Its members include Antero Resources, Apache, Berkshire Hathaway Pipeline Group, BHP, New Jersey Natural Gas, Equinor (formerly StatOil), EQT, Hess, Kinder Morgan, National Grid, Southern Company Gas, Southwestern Energy, Summit Utilities, and TransCanada, for more information visit www.onefuture.us.
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