New Jersey Resources
NEW JERSEY RESOURCES NAMED TO THE FORBES PLATINUM LIST OF THE BEST BIG COMPANIES IN AMERICA FOR THE FIFTH CONSECUTIVE YEAR
01/03/2007 - For Immediate Release“To be recognized by Forbes Magazine as one of the best companies in America is a tremendous honor and a tribute to the women and men of New Jersey Resources who are the driving force behind our company,” said Laurence M. Downes, chairman and CEO of NJR. “Every day, we give our best to meet our stakeholders’ expectations for reliability and value, and this recognition attests our performance and affirms our place as an industry leader.”
To compile the Platinum 400 List, Forbes screened over 1,000 corporations with $1 billion or more in revenues, using metrics such as latest-12-month and five-year stock market returns, sales and earnings-per-share growth and debt-to-capital ratios. Companies were divided into 26 industries and ranked against their industry peers on five-year and 12-month sales as well as earnings growth and total return to shareholders. The ranking system also included consensus forecasts for long-term earnings growth and debt-to-capital ratios.
In fiscal 2006, NJR delivered a 15th consecutive year of higher earnings, the longest current streak among all major natural gas and electric utilities in the country. NJR’s principal subsidiary, New Jersey Natural Gas, continues to achieve a customer growth rate that exceeds the national average and leads the state in customer satisfaction according to the 2006 J.D. Power and Associates Gas Utility Residential Customer Satisfaction Study.
A list of all 400 companies can be found online at www.forbes.com/platinum.
New Jersey Resources (NYSE:NJR), a Fortune 1000 company and a member of the Forbes Platinum 400, provides reliable retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local distribution companies in the United States, serving more than 471,000 customers in central and northern New Jersey. Other major NJR subsidiaries include NJR Energy Services and NJR Home Services. NJR Energy Services is a leader in the wholesale energy services market, providing customer service and management of natural gas storage and capacity assets. NJR Home Services offers retail customers heating, air conditioning and appliance services. NJR’s progress is a tribute to the more than 5,000 dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make NJR a leader in the competitive energy marketplace. For more information, visit NJR’s Web site at njliving.com.
Contact:
Michael Kinney, Media
732-938-1031
Dennis Puma, Investor
732-938-1229
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