New Jersey Resources Corporation (NJR)

42.55 -0.15 (-0.35%) At close: 4:00PM EDT

New Jersey Resources Corporation

1415 Wyckoff Road
Wall, NJ 07719
United States
732-938-1480
http://www.njresources.com

Sector: Utilities
Industry: Gas Utilities
Full Time Employees: 1,034

Key Executives

Name	Title	Pay	Exercised	Age
Mr. Laurence M. Downes	Chairman, CEO & Pres	2.07M	N/A	60
Mr. Patrick J. Migliaccio	Sr. VP & CFO	471.57k	N/A	43
Mr. Glenn C. Lockwood	Exec. VP	671.66k	N/A	56
Ms. Kathleen T. Ellis	Exec. VP of Policy & Strategic Devel.	631.27k	N/A	64
Mr. Stephen D. Westhoven	Sr. VP & COO - NJR Energy Services and Sr. VP & COO - NJR Clean Energy Ventures Corp	720.97k	N/A	49

Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through Natural Gas Distribution, Clean Energy Ventures, Energy Services, Midstream, and Home Services and Other segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 521,200 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in commercial and residential solar projects located in New Jersey; and onshore wind projects in Montana, Iowa, Kansas, Wyoming, and Pennsylvania. The Energy Services segment provides unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Midstream segment invests in natural gas transportation and storage facilities. The Home Services and Other segment offers heating, ventilation, and cooling services; holds and develops commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services. This segment is also involved in water appliance sale, installation, and servicing activities. The company was founded in 1922 and is based in Wall, New Jersey.

Corporate Governance

New Jersey Resources Corporation’s ISS Governance QualityScore as of September 1, 2017 is 3. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.