FOR IMMEDIATE RELEASE
Media Contact: Joanne Brigandi x4240
Investor Relations Contact: Stephen Clark x4260
September 19, 2013
South Jersey Resources Group to Supply Fuel Management Services
to Moxie Liberty Facility
HAMMONTON, NJ - South Jersey Industries, (SJI), the energy holding company for South Jersey Gas and South Jersey Energy Solutions, announced that SJES` subsidiary, South Jersey Resources Group, has executed a 5-year contract to supply fuel management services with Moxie Liberty LLC.
The proposed facility developed by Moxie Energy, LLC and recently acquired and financed by Panda Power Funds, is a planned 829 megawatt natural gas-fueled, combined-cycle generating station located in Bradford County Pennsylvania. Commercial operations are expected to begin by early 2016.
Michael Renna, president, South Jersey Energy Solutions said, "SJRG`s commodity marketing program, specifically within the Marcellus Shale region, has allowed us to link generators to abundant and affordable new natural gas supplies. This project is a prime example of this effort and our participation in Marcellus marketing will allow us to continue pursuing these types of deals."
Under the terms of the contract, SJRG will be the exclusive provider of natural gas supplies and services associated with managing those supplies for the generating station.
South Jersey Industries (NYSE: SJI), a member of the MSCI Global Climate Index, offers solutions to climate change and helps customers control energy costs. South Jersey Gas, one of the nation`s fastest growing natural gas utilities, delivers clean, efficient natural gas and promotes energy efficiency to customers in southern New Jersey. SJI`s non-regulated businesses, under South Jersey Energy Solutions, promote efficiency, clean technology and renewable energy by developing and operating on-site energy production facilities; acquiring and marketing natural gas and electricity for retail customers; providing wholesale commodity marketing and risk management services; and offering HVAC and other energy-efficiency related services. For more information about SJI and its subsidiaries, visit http://www.sjindustries.com.
About Panda Power Funds, LP
Founded in 2010, Panda Power Funds is a private equity firm headquartered in Dallas, Texas, which has the ability to develop, acquire, construct, finance and operate large-scale, natural gas-fueled power generation facilities. Panda`s first fund invested in three combined-cycle power plants currently under construction in Temple and Sherman, Texas (totaling 2,274 megawatts) and a 20-megawatt solar project in operation in Pilesgrove, New Jersey. Additional information on Panda Power Funds can be found at www.pandafunds.com.
About Moxie Energy
Moxie Energy, LLC is a private development firm formed in 2009, which has a demonstrated capability to develop large complex power generation projects. Additional information on Moxie Energy can be found at www.moxieenergy.com.
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Source: South Jersey Industries via Thomson Reuters ONE