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Article: GPU and New Jersey Resources sign gas pooling agreement; Innovative partnership to save millions in energy costs.
- Article from:
- Business Wire
- Article date:
- August 31, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARSIPPANY, N.J.--(BUSINESS WIRE)--Aug. 31, 1995--General Public Utilities Corporation and New Jersey Resources Corporation today announced the formation of a pooling plan for managing the natural gas supply and capacity portfolios for up to 25 gas-fired generating stations that supply the GPU system in New Jersey and Pennsylvania.
The plan could save customers of the GPU System companies several hundred million dollars in energy costs over a 10-year period. It would also more than double the volumes of natural gas under management by NJR.
Under the agreement, NJR will provide gas procurement and other fuel management services in conjunction with GPU system ...