New Jersey Resources Announces Fiscal 2015 Second-Quarter Results; Increases Fiscal 2015 Net Financial Earnings Guidance

<location value="LU/us.nj.wall" idsrc="xmltag.org">WALL, N.J.</location>--(BUSINESS WIRE)-- <org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org> (NYSE:NJR) today reported net financial earnings (NFE) of <money>$154.3 million</money>, or <money>$1.82</money> per share, for the six months of fiscal 2015 and increased guidance for fiscal 2015. “Last year saw record performance by <org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org>, driven by the market volatility created by the extreme winter weather,” said <person value="APIN:2134035776">Laurence M. Downes</person>, chairman and CEO of <org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org>. “While not as extreme as last year, fiscal 2015 has also been colder than normal, creating opportunities for NJRES. Their better-than-expected results are the primary driver of increased earnings guidance.” A reconciliation of net income to NFE for the second quarter and first six months of fiscal years 2015 and 2014 is provided below. <table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td><td colspan="10"></td><td> </td><td> </td><td colspan="10"></td></tr><tr><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="10">Three Months Ended</td><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="10">Six Months Ended</td></tr><tr><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="10"><chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="10"><chron>March 31</chron>,</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Net income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">60,903</td><td></td><td> </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 172,971 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">184,223</td><td></td><td> </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 180,664 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Consolidated unrealized loss (gain) on derivative instruments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">68,474</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> (13,256 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">(20,198</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 52,395 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Effects of economic hedging related to natural gas inventory </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">(23,450</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> (18,668 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">(32,215</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> (41,548 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Tax adjustments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">(6,784</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 10,873 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">22,443</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 269 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net financial earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">99,143</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 151,920 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">154,253</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 191,780 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Weighted Average Shares Outstanding</td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Basic </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">85,328</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,158 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">84,940</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,100 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Diluted </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">86,370</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 84,914 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">85,982</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 84,856 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"> </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl">Basic earnings per share</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">0.71</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2.06 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">2.17</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2.15 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl">Basic net financial earnings per share</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1.16</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1.81 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1.82</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2.28 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td> </td></tr></table> NFE is a financial measure not calculated in accordance with generally accepted accounting principles (GAAP) of <location value="LC/us" idsrc="xmltag.org">the United States</location> as it excludes all unrealized, and certain realized, gains and losses associated with derivative instruments, net of applicable tax adjustments. For further discussion of this financial measure, as well as reconciliation to the most comparable GAAP measure, please see the explanation below under “Additional Non-GAAP Financial Information.” <ul><li class="bwlistitemmargb">NJR Reports Net Financial Earnings</li></ul> Fiscal 2015 year-to-date NFE at NJR totaled <money>$154.3 million</money>, or <money>$1.82</money> per share, compared with <money>$191.8 million</money>, or <money>$2.28</money> per share, during the first six months of fiscal 2014. For the three-month period ended <chron>March 31, 2015</chron>, NFE were <money>$99.1 million</money>, or <money>$1.16</money> per share, compared with <money>$151.9 million</money>, or <money>$1.81</money> per share, during the same period last year. <table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td><td colspan="10"></td><td> </td><td> </td><td colspan="10"></td></tr><tr><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="10">Three Months Ended <chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="10">Six Months Ended <chron>March 31</chron>,</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Net financial earnings (loss)</td><td></td><td colspan="4"></td><td> </td><td> </td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td> </td><td> </td><td colspan="4"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"><org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">48,594</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 47,043 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">76,780</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 74,682 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"><org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">36,316</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 91,407 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">52,752</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 98,781 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"><org>NJR Clean Energy Ventures</org></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">13,010</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 12,807 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">22,018</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 16,421 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> NJR Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">2,604</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 2,254 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">4,724</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 3,688 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> NJR Home Services and Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">(1,359</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> (1,576 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">(1,951</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> (1,777 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Sub-total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">99,165</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 151,935 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">154,323</td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 191,795 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">(22</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> (15 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">(70</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> (15 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">99,143</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 151,920 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">154,253</td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 191,780 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td> </td></tr></table> NFE for the fiscal 2015 second quarter was driven by the better-than-expected results at <org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org> (NJRES), the company’s wholesale provider of physical natural gas services, <org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org> (NJNG), NJR’s regulated utility subsidiary, and the company’s distributed power business, <org>NJR Clean Energy Ventures</org> (NJRCEV). <ul><li class="bwlistitemmargb">NJR Increases Fiscal 2015 Net Financial Earnings Guidance</li></ul> NJR announced an increase in fiscal 2015 NFE guidance to a range of <money>$1.65</money> to <money>$1.75</money> per basic share, from the previously announced range of <money>$1.60</money> to <money>$1.70</money> per basic share, subject to the risks and uncertainties identified below under “Forward-Looking Statements.” NJR expects NJNG to be the largest contributor to fiscal 2015 NFE. Steady growth at NJNG continues to be supported by customer growth in both new construction and conversion markets and regulatory initiatives that earn current returns. The following chart represents the NFE contributions NJR currently expects from its businesses in fiscal 2015: <table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td></tr><tr><td class="bwpadl1 bwvertalignb bwalignl bwsinglebottom"> Company</td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom">Expected Fiscal 2015 Net Financial Earnings Contribution</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 50 to 60 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> NJR Midstream </td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 5 to 10 percent </td></tr><tr><td class="bwpadl4 bwvertalignb bwalignl bwsinglebottom">Total Regulated</td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom">55 to 70 percent</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 20 to 30 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org>NJR Clean Energy Ventures</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 10 to 20 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> NJR Home Services </td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 2 to 5 percent </td></tr><tr><td></td><td> </td></tr></table><ul><li class="bwlistitemmargb">NJR Reaffirms Long-term Net Financial Earnings and Dividend Growth Rate Goals</li></ul> NJR’s average annual long-term NFE-per-share growth rate goal is a range of 5 to 9 percent. In addition, the company’s annual dividend growth rate forecast is a range of 6 to 8 percent, including a long-term payout ratio goal of 60 to 65 percent. NJR continues to expect between 65 and 80 percent of its long-term NFE will be generated by its regulated businesses, NJNG and NJR Midstream. The chart below represents NJR’s projected long-term NFE contributions from its businesses beyond fiscal 2015: <table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">Company</td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom">Expected Beyond Fiscal 2015 Net Financial Earnings Contribution</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 60 to 70 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> NJR Midstream </td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 5 to 10 percent </td></tr><tr><td class="bwpadl4 bwvertalignb bwalignl bwsinglebottom">Total Regulated</td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom">65 to 80 percent</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 5 to 15 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"><org>NJR Clean Energy Ventures</org></td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 10 to 20 percent </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> NJR Home Services </td><td class="bwpadl0 bwvertalignb bwalignc bwsinglebottom"> 2 to 5 percent </td></tr><tr><td></td><td> </td></tr></table><ul><li class="bwlistitemmargb">Steady Growth at <org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org></li></ul> Fiscal 2015 year-to-date NFE at NJNG were <money>$76.8 million</money>, compared with <money>$74.7 million</money> for the first six months of fiscal 2014. For the three-month period ended <chron>March 31, 2015</chron>, NFE were <money>$48.6 million</money>, compared with <money>$47 million</money> during the same period last year. These increases were due to higher utility gross margin from customer additions, incentive programs and regulatory initiatives, such as The SAVEGREEN Project® and the Safety Acceleration and Facility Enhancement (SAFE) program. During the first six months of fiscal 2015, NJNG added 4,079 new customers, compared with 3,658 in the same period last year, a 12 percent increase. Of these customers, 1,962 were new construction, compared with 1,769 in the same period last year. Additionally, in the first six months of fiscal 2015, 390 existing non-heat customers converted to natural gas heat, compared with 348 in the same period last year, an increase of 12 percent. NJNG anticipates these new and conversion customers will contribute <money>$2.4 million</money> annually to utility gross margin, a 7 percent increase over the same period last year. “New customer additions remain an important part of our growth strategy,” Downes continued. “With the strength of our demographics and the benefits that natural gas provides, we expect residential new construction and conversion opportunities to continue to provide year-over-year growth during the planning period.” NJNG currently expects to add a total of 15,000 to 17,000 new customers during fiscal 2015 and 2016, representing a new customer annual growth rate of 1.6 percent. These new customers and conversions should contribute approximately <money>$4.2 million</money> annually to utility gross margin. For more information on utility gross margin, please see "Non-GAAP Financial Information" below. <ul><li class="bwlistitemmargb">The SAVEGREEN Project® Files Extension</li></ul> On <chron>December 16, 2014</chron>, NJNG submitted a filing with the <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location> Board of Public Utilities (BPU) seeking a continuation of <org>The SAVEGREEN Project</org> through <chron>June 30, 2018</chron>. In the first six months of fiscal 2015, <org>The SAVEGREEN Project</org>, NJNG’s energy-efficiency program, invested <money>$13.3 million</money> in grants, incentives and the On-Bill Repayment Program (OBRP). During the same period, SAVEGREEN performed 2,404 home energy audits to identify additional energy-efficiency opportunities with an emphasis on whole-house improvements. During the second quarter of fiscal 2015, a total of 532customers took advantage of the OBRP. Since its inception in 2009, SAVEGREEN grants, incentives and OBRP loans, totaling <money>$104.9</money>million, have helped 36,520 customers reduce energy consumption and lower their bills, supporting the state’s environmental goals and its mandate to reduce energy costs for residents. In total, NJNG is authorized to invest <money>$144.2 million</money> in SAVEGREEN grants, financial incentives and the OBRP over the current life of the program, which is in place through <chron>June 30, 2015</chron>. Currently, NJNG is authorized to earn an overall return on its SAVEGREEN investments, ranging from 6.9 to 7.76 percent, with a return on equity (ROE) ranging from 9.75 to 10.3 percent. The recovery period varies from two to 10 years, depending on the type of energy-efficiency investment. <ul><li class="bwlistitemmargb"><org>NJNG Continues Development</org> of Three Compressed Natural Gas Fueling Stations</li></ul> NJNG continues development of three compressed natural gas (CNG) fueling stations. Waste Management of <location value="LU/us.nj.tomver" idsrc="xmltag.org">Toms River</location>, the <org>Middletown Department of Public Works</org> and <org>Shore Point Distributing Company, Inc.</org> of <location value="LU/us.nj.frehip" idsrc="xmltag.org">Freehold Township</location> will host the stations. These represent the first public-access CNG stations in <location value="LU/us.nj.monuth" idsrc="xmltag.org">Monmouth</location> and <location value="LU/us.nj.ocean" idsrc="xmltag.org">Ocean</location> counties. Representing an investment of approximately <money>$10 million</money>, NJNG will install, own and maintain the CNG infrastructure for all three stations, and the host companies will be required to initially use at least 20 percent of the refueling capacity and open the stations to the public on a 24/7 basis. These new CNG fueling stations align with the state’s public policy goal to encourage the use of natural gas vehicles and give <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location> residents and businesses easier access to cleaner, cost effective fuel options. NJNG is authorized by the BPU to earn an overall return of 7.1 percent, including a 10.3 percent ROE on these investments. <ul><li class="bwlistitemmargb">NJNG Supply Incentive Program Adds Customer and Shareowner Value</li></ul> During the first six months of fiscal 2015, NJNG’s gross margin-sharing incentive programs, which include off-system sales, capacity release, storage optimization and financial risk management programs, contributed <money>$7.3 million</money> to utility gross margin, compared with <money>$4.5 million</money> for the same period last year. For the three-month period ended <chron>March 31, 2015</chron>, these incentives contributed <money>$3.1 million</money> to utility gross margin, compared with <money>$2 million</money> in the second quarter of fiscal 2014. The improved results in both periods were due primarily to higher gross margin in the capacity release program. NJNG shares the gross margin earned from these incentive programs with customers and shareowners, according to a gross margin-sharing formula authorized by the BPU that is in place through <chron>October 31, 2015</chron>. On <chron>March 27, 2015</chron>, NJNG filed for approval to continue the Basic Gas Supply Service (BGSS) incentive programs under the current framework. Since inception in 1992, these incentive programs have saved customers over <money>$750 million</money> and provided shareowners <money>$1.17</money> per share, an average of <money>$0.05</money> per share annually. <ul><li class="bwlistitemmargb">Regulated Infrastructure Update</li></ul> In the first six months of fiscal 2015, NJNG invested <money>$11.8 million</money> in its SAFE program, a planned <money>$130 million</money>, four-year infrastructure investment. Through SAFE, NJNG will replace 276 miles of its distribution main to further ensure the safety, reliability and integrity of its natural gas delivery system. This will include the replacement of all of NJNG’s cast iron main and approximately 50 percent of its unprotected bare steel distribution main, along with the associated services. SAFE investments will earn a weighted average cost of capital of 6.9 percent, including a 9.75 percent ROE. NJNG’s Reinvestment in System Enhancement (NJ RISE) program, a five-year, <money>$102.5 million</money> investment in six capital projects, is designed to improve NJNG’s service disruption response and strengthen the overall safety, reliability and integrity of its natural gas distribution and transmission systems. These system enhancements are designed to help diminish the impact of future major weather events and align directly with the state’s directive for improved energy resiliency and preparedness. NJ RISE investments through <chron>July 31, 2015</chron> will earn a weighted average cost of capital of 6.74 percent, including a 9.75 percent ROE. NJ RISE investments will be included in a <chron>May 2015</chron> filing and recovered through an adjustment to base rates as of <chron>November 1, 2015</chron>. Cost recovery for NJ RISE investments, as well as additional SAFE investments, will be addressed in NJNG’s base rate case, which will be filed no later than <chron>November 15, 2015</chron>. NJNG has initiated site preparation and continues to fabricate system components for its Liquefied Natural Gas (LNG) plant in <location value="LU/us.nj.howell" idsrc="xmltag.org">Howell, New Jersey</location>, which will enable the company to liquefy pipeline natural gas for peak-day use, help ensure system integrity and reliability and reduce LNG transportation and capacity costs. This <money>$35.7 million</money> investment in liquefaction and other plant upgrades, which will benefit customers by reducing BGSS costs and create additional value for shareowners, is expected to be operational in spring 2016. The Southern Reliability Link (SRL) project, a 28-mile, 30-inch transmission main to support system reliability and integrity, representing an investment of <money>$130 million</money> to <money>$160 million</money>, continues to move forward. On <chron>April 2, 2015</chron>, NJNG filed two petitions with the BPU seeking (1) approval to construct and operate and (2) a determination that the SRL is reasonably necessary for the service, convenience and welfare of the public, as well as to find that certain ordinances, permits and regulations have no application to the project. <ul><li class="bwlistitemmargb">NJR Energy Services Reports Better-Than-Expected Results</li></ul> NJRES, the company’s wholesale provider of physical natural gas services, reported fiscal 2015 year-to-date NFE of <money>$52.8 million</money>, compared with <money>$98.8 million</money> in the first six months of fiscal 2014. For the three-month period ended <chron>March 31, 2015</chron>, NFE were <money>$36.3 million</money>, compared with <money>$91.4 million</money> in the same period last year. “The record results of fiscal 2014 notwithstanding, NJRES once again delivered strong fiscal second-quarter and year-to-date performance,” Downes said. “Originally projected to generate between 5 and 15 percent of our total NFE, we now expect the business to contribute between 20 and 30 percent this year.” Over the course of the past several years, NJRES has restructured its portfolio of storage and pipeline capacity assets to reflect the changing dynamics in the natural gas industry and position the company to serve the growing market for physical natural gas services, including producer services. NJRES’ asset portfolio currently consists of approximately 40 Bcf of firm storage contracts and 1.42 Bcf/day of firm transportation contracts. <ul><li class="bwlistitemmargb">NJR Clean Energy Ventures Reports Increased Earnings; Second Onshore Wind Farm Complete</li></ul> Fiscal 2015 year-to-date NFE at <org>NJR Clean Energy Ventures</org> (NJRCEV) were <money>$22 million</money>, compared with <money>$16.4 million</money> in the first six months of fiscal 2014. For the three-month period ended <chron>March 31, 2015</chron>, NJRCEV reported NFE of <money>$13 million</money>, compared with <money>$12.8 million</money> in the same period last year. During the first six months of fiscal 2015, NJRCEV placed into service <money>$41.6 million</money> of ground-mounted commercial solar systems in <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location>, totaling 16 megawatts (MW). Subsequent to the second quarter, in April, NJRCEV placed into service a <money>$1.3 million</money>, 0.4 MW net-metered system at the <org value="ACORN:3363471580" idsrc="xmltag.org">Franklin Township Board of Education</org> in <location value="LU/us.nj.hundon" idsrc="xmltag.org">Hunterdon County, New Jersey</location>. Currently, NJRCEV has two commercial solar projects under construction, both of which are expected to be placed in service this summer. These include a grid-connected system in North Hanover totaling 6 MW, an approximate investment of <money>$15.8 million</money>, and a 3.9 MW grid-connected system in <location value="LU/us.nj.harony" idsrc="xmltag.org">Harmony, New Jersey</location>, an approximate investment of <money>$11.6 million</money>. During the quarter, NJRCEV’s residential solar portfolio grew to over 30 MW. The Sunlight Advantage®, NJRCEV’s residential solar lease program, added 272 customers, totaling 2.6 MW, during the first six months of fiscal 2015. This brings the total number of customers to over 3,400 since the program’s inception. The Sunlight Advantage provides savings to eligible homeowners through both roof- and ground-mounted solar systems with no upfront installation or maintenance costs. NJRCEV currently expects to invest approximately <money>$32 million</money> in residential solar systems in fiscal 2015, compared with <money>$31.5 million</money> in fiscal 2014. NJR’s effective tax rate is significantly impacted by the amount of investment tax credits that are forecasted to be earned during the fiscal year. GAAP requires NJR to estimate its annual effective tax rate and use this rate to calculate its year-to-date tax provision. Based on projects completed in the first six months of fiscal 2015, and NJRCEV’s forecast of projects to be completed for the balance of the fiscal year, NJR’s estimated annual effective tax rate is 24.9 percent. Accordingly, <money>$24.7 million</money> related to tax credits, net of deferred taxes, were recognized in the first six months of fiscal 2015, compared with <money>$16.5 million</money>, net of deferred taxes, in the same period last year. For NFE purposes, the effective tax rate for fiscal 2015 is estimated at 20 percent and <money>$27.9 million</money> of tax credits were recognized in the first six months of fiscal 2015, compared with <money>$20.6 million</money> last year. For further discussion of this tax adjustment and reconciliation to the most comparable GAAP measure, please see the explanation below under “Additional Non-GAAP Financial Information.” The estimated effective tax rate is based on information and assumptions that are subject to change, and may have a material impact on quarterly and annual NFE. Factors considered by management in estimating completion of projects during the fiscal year include, but are not limited to, board of directors’ approval, regulatory approval, execution of various contracts, including power purchase agreements, construction logistics, permitting and interconnection completion. See the “Forward-Looking Statements” section of this news release for further information regarding the inherent risks associated with solar investments. ¦ Carroll Area Wind Farm Complete,Construction Continues on NJR Clean Energy Ventures’ <org>Third Onshore Wind Farm Investment</org> During the quarter, NJRCEV announced the completion of the <org>Carroll Area Wind Farm</org>. The project, NJRCEV’s second wind farm in operation, has a total capacity of 20 MW and represents an investment of approximately <money>$42 million</money>. The project’s entire energy output, capacity benefits and renewable attributes will be sold through a 25-year power purchase agreement (PPA) with <org value="ACORN:1587510803" idsrc="xmltag.org">MidAmerican Energy</org>, Iowa’s largest energy company. Additionally, the wind farm qualifies for federal production tax credits (PTC), which are based on a kilowatt-hour output. All PTCs generated by the <org>Carroll Area Wind Farm</org> will be utilized by NJR. Construction continues on NJRCEV’s third onshore wind project, the <org>Alexander Wind Farm</org>, located on 7,000 acres of land in <location value="LU/us.ks.rush" idsrc="xmltag.org">Rush County, Kansas</location>, approximately 120 miles northwest of <location value="LU/us.ks.wichta" idsrc="xmltag.org">Wichita</location>. NJRCEV will invest approximately <money>$85 million</money> to construct, own and operate the wind farm with a total capacity of 48 MW. Energy and renewable attributes produced at the <org>Alexander Wind Farm</org> will be sold under two separate long-term agreements. The <location value="LU/us.mo.kancty" idsrc="xmltag.org">Kansas City</location> Board of Public Utilities has signed a 20-year PPA for approximately 50 percent of the energy. Yahoo! Inc., the global Internet corporation headquartered in <location value="LU/us.ca.sunyvl" idsrc="xmltag.org">Sunnyvale, CA</location>, has signed a 15-year agreement to offset much of its energy usage in the Great Plains region. NJRCEV expects the <org>Alexander Wind Farm</org> to also qualify for federal PTCs, which will be utilized by NJR. NJRCEV expects this project to be placed in service in fall 2015. <ul><li class="bwlistitemmargb">NJR Clean Energy Ventures Long-Term Outlook</li></ul> Over the next three years, NJRCEV expects a declining percentage of its NFE to come from the investment tax credits (ITCs) associated with solar investments. Looking out through fiscal 2017, the company anticipates its existing projects will benefit from higher Solar Renewable Energy Certificate (SREC) revenue and a diversified distributed power portfolio of small- to mid-sized onshore wind projects, supported by long-term PPAs and financial hedges, thereby reducing its reliance on ITCs. <ul><li class="bwlistitemmargb">NJR Midstream Reports Results</li></ul> NJR’s midstream asset segment, NJR Midstream, consists of <org value="ACORN:0605839482" idsrc="xmltag.org">Federal Energy Regulatory Commission</org> (FERC)-regulated investments. NJR Midstream’s completed investments include a 50 percent equity ownership in <location>Steckman Ridge</location>, a 12 Bcf natural gas storage facility in southwestern <location value="LS/us.pa" idsrc="xmltag.org">Pennsylvania</location> jointly owned with Spectra Energy, and a 5.53 percent equity investment in Iroquois Pipeline, which delivers natural gas to the <location>New England</location> and <location value="LU/us.ny.nyc" idsrc="xmltag.org">New York</location> markets. In the fourth quarter of fiscal 2014, NJR announced its participation in the PennEast Pipeline, with a 20 percent ownership in the project. This 115-mile pipeline is designed to bring lower cost natural gas produced in the <location>Marcellus Shale</location> region to homes and businesses in <location value="LS/us.pa" idsrc="xmltag.org">Pennsylvania</location> and <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location>, and provide greater system reliability for local utilities. PennEast expects to file a formal application with FERC in the third quarter of fiscal 2015 and anticipates construction to begin in spring 2017, with an estimated in-service date of <chron>November 2017</chron>. NJR Midstream reported year-to-date NFE of <money>$4.7 million</money>, compared with <money>$3.7 million</money> in the same period last year. For the three-month period ended <chron>March 31, 2015</chron>, NFE were <money>$2.6 million</money>, compared with <money>$2.3 million</money> in the second fiscal quarter of 2014. The increases were due primarily to higher revenue at <location>Steckman Ridge</location>. <ul><li class="bwlistitemmargb">NJR Home Services Update</li></ul> In the first six months of fiscal 2015, NJR Home Services (NJRHS), the company’s unregulated retail and appliance service subsidiary, reported a net financial loss of <money>$2.1 million</money>, compared with a net financial loss of <money>$1.7 million</money> in the same period last year. In the three-month period ended <chron>March 31, 2015</chron>, NJRHS experienced a loss of <money>$1.3 million</money>, compared with a loss of <money>$1.1 million</money> in the second quarter of fiscal 2014. Net financial losses are typical for NJRHS during the first six months of the fiscal year due to the timing of recognizing service contract revenue. The lower six month results were due primarily to a decrease in heating equipment sales and installations attributed to the unseasonable early fall weather. For fiscal year 2015, NJRHS anticipates providing an NFE contribution of between 2 to 5 percent of the NJR total. NJRHS offers home energy solutions for customer comfort, including equipment sales and installations, solar lease and purchase plans and a recently expanded service contract product line, including electric, plumbing and standby generator contracts. NJRHS’ expanded service territory now includes <location value="LU/us.nj.monuth" idsrc="xmltag.org">Monmouth</location>, <location value="LU/us.nj.ocean" idsrc="xmltag.org">Ocean</location>, <location value="LU/us.nj.midsex" idsrc="xmltag.org">Middlesex</location>, <location value="LU/us.nj.morris" idsrc="xmltag.org">Morris</location>, <location value="LU/us.nj.sussex" idsrc="xmltag.org">Sussex</location>, <location value="LU/us.nj.warren" idsrc="xmltag.org">Warren</location> and <location value="LU/us.nj.hundon" idsrc="xmltag.org">Hunterdon</location> counties in <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location>. Currently, NJRHS serves approximately 117,000 service contract customers. Webcast Information NJR will host a live webcast to discuss its financial results today at <chron>9:30 a.m. ET</chron>. A few minutes prior to the webcast, go to <a href="http://njresources.com">njresources.com</a> and select “Investor Relations,” then scroll down to the “Events & Presentations” section and click on the webcast link. Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking information and such forward-looking statements are made based upon management’s current expectations and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on NJR will be those anticipated by management. Forward-looking information in this release includes, but is not limited to, certain statements regarding NJR's NFE for fiscal 2015, forecasted contribution of business segments to fiscal 2015 NFE, NJR’s long-term NFE and dividend growth goals, NJR’s future dividend payout ratio, expected contribution by NJNG’s new customers to utility gross margin, expected number of new customers of NJNG, SREC prices, estimated capital expenditures in fiscal 2015 and beyond by NJNG, including those related to SAVEGREEN, SAFE and NJ RISE, planned compressed natural gas fueling stations, the liquefaction and SRL projects, the long-term outlook for NJRCEV, diversification of NJRCEV’s strategy, NJRCEV’s future solar and wind projects and the PennEast Pipeline. The factors that could cause actual results to differ materially from NJR’s expectations include, but are not limited to, weather and economic conditions; demographic changes in the NJNG service territory and their effect on NJNG's customer growth; volatility of natural gas and other commodity prices and their impact on NJNG customer usage, NJNG's BGSS incentive programs, NJRES' operations and on the company's risk management efforts; changes in rating agency requirements and/or credit ratings and their effect on availability and cost of capital to the company; the impact of volatility in the credit markets; the ability to comply with debt covenants; the impact to the asset values and resulting higher costs and funding obligations of NJR's pension and post-employment benefit plans as a result of downturns in the financial markets and changes in accounting standards, a lower discount rate, revised actuarial assumptions and impacts associated with the Patient Protection and Affordable Care Act; accounting effects and other risks associated with hedging activities and use of derivatives contracts; commercial and wholesale credit risks, including the availability of creditworthy customers and counterparties and liquidity in the wholesale energy trading market; the ability to obtain governmental approvals and/or financing for the construction, development and operation of certain non-regulated energy investments; risks associated with the management of the company's joint ventures and partnerships; risks associated with our investments in renewable energy projects, including the availability of regulatory and tax incentives, logistical risks and potential delays related to construction, permitting, regulatory approvals and electric grid interconnection, the availability of viable projects and NJR's eligibility for ITCs and PTCs, the future market for SRECs and operational risks related to projects in service; timing of qualifying for ITCs due to delays or failures to complete planned solar energy projects and the resulting effect on our effective tax rate and earnings; regulatory approval of NJNG’s planned infrastructure programs;the level and rate at which NJNG's costs and expenses (including those related to restoration efforts resulting from Superstorm Sandy) are incurred and the extent to which they are allowed to be recovered from customers through the regulatory process; access to adequate supplies of natural gas and dependence on third-party storage and transportation facilities for natural gas supply; operating risks incidental to handling, storing, transporting and providing customers with natural gas; risks related to our employee workforce, including a work stoppage; the regulatory and pricing policies of federal and state regulatory agencies; the possible expiration of NJNG’s BGSS incentive programs and <org>The SAVEGREEN Project</org>, the costs of compliance with the proposed regulatory framework for over-the-counter derivatives; the costs of compliance with present and future environmental laws, including potential climate change-related legislation; risks related to changes in accounting standards; the disallowance of recovery of environmental-related expenditures and other regulatory changes; environmental-related and other litigation and other uncertainties; risks related to cyber-attack of failure of information technology systems; and the impact of natural disasters, terrorist activities, and other extreme events on our operations and customers, including any impacts to utility gross margin, and restoration costs resulting from Superstorm Sandy. The aforementioned factors are detailed in the “Risk Factors” sections of our Annual Report on Form 10-K filed on <chron>November 25, 2014</chron>, as filed with the <org>Securities and Exchange Commission</org> (SEC), which is available on the SEC’s website at <a href="http://sec.gov">sec.gov</a>. Information included in this release is representative as of today only, and while NJR periodically reassesses material trends and uncertainties affecting NJR's results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the <org>SEC</org>, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events. Non-GAAP Financial Information This press release includes the non-GAAP measures NFE (losses), financial margin and utility gross margin. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below. As an indicator of the company’s operating performance, these measures should not be considered an alternative to, or more meaningful than, operating income as determined in accordance with GAAP. This information has been provided pursuant to the requirements of <org>SEC</org> Regulation G. NFE (losses) and financial margin exclude unrealized gains or losses on derivative instruments related to the company’s unregulated subsidiaries and certain realized gains and losses on derivative instruments related to natural gas that has been placed into storage at NJRES. Volatility associated with the change in value of these financial and physical commodity contracts is reported in the income statement in the current period. In order to manage its business, NJR views its results without the impacts of the unrealized gains and losses, and certain realized gains and losses, caused by changes in value of these financial instruments and physical commodity contracts prior to the completion of the planned transaction because it shows changes in value currently instead of when the planned transaction ultimately is settled. An annual estimated effective tax rate is calculated for NFE purposes and any necessary quarterly tax adjustment is applied to NJRCEV, as such adjustment is related to tax credits generated by NJRCEV. NJNG’s utility gross margin represents the results of revenues less natural gas costs, sales and other taxes and regulatory rider expenses, which are key components of the company’s operations that move in relation to each other. Natural gas costs, sales and other taxes and regulatory rider expenses are passed through to customers and, therefore, have no effect on gross margin. Management uses these non-GAAP financial measures as supplemental measures to other GAAP results to provide a more complete understanding of the company’s performance. Management believes these non-GAAP measures are more reflective of the company’s business model, provide transparency to investors and enable period-to-period comparability of financial performance. A reconciliation of all non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, can be found below. For a full discussion of NJR’s non-GAAP financial measures, please see NJR’s 2014 Form 10-K, Item 7 and most recent Form 10-Q, Part I, Item 2. About <org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org><org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org> (NYSE: NJR) is a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management. With annual revenues in excess of <money>$3 billion</money>, NJR is comprised of five primary businesses: <ul><li class="bwlistitemmargb"><org value="ACORN:0994540373" idsrc="xmltag.org">New Jersey Natural Gas</org>is NJR’s principal subsidiary thatoperates and maintains over 7,000 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s <location value="LU/us.nj.monuth" idsrc="xmltag.org">Monmouth</location>, <location value="LU/us.nj.ocean" idsrc="xmltag.org">Ocean</location> and parts of <location value="LU/us.nj.morris" idsrc="xmltag.org">Morris</location> and <location value="LU/us.nj.midsex" idsrc="xmltag.org">Middlesex</location> counties. </li><li class="bwlistitemmargb"><org value="ACORN:1146716869" idsrc="xmltag.org">NJR Energy Services</org> manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across <location value="LB/nam" idsrc="xmltag.org">North America</location>. </li><li class="bwlistitemmargb"><org>NJR Clean Energy Ventures</org> invests in, owns and operates solar and onshore wind projects with a total capacity of over 130 megawatts, providing residential and commercial customers with low-carbon solutions. </li><li class="bwlistitemmargb">NJR Midstream serves customers from local distributors and producers to electric generators and wholesale marketers through its equity ownership in a natural gas storage facility and a transportation pipeline, both of which are <org value="ACORN:0605839482" idsrc="xmltag.org">Federal Energy Regulatory Commission</org>, or FERC-regulated investments. </li><li class="bwlistitemmargb">NJR Home Services provides heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to residential homes and businesses throughout <location value="LS/us.nj" idsrc="xmltag.org">New Jersey</location> and serves approximately 117,000 service contract customers. </li></ul> NJR and its more than 950 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as <org>The SAVEGREEN Project</org>® and The Sunlight Advantage®. For more information about NJR: Visit <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.njresources.com&esheet=51097205&newsitemid=20150507005203&lan=en-US&anchor=www.njresources.com&index=1&md5=dee3a4ed0a2e2c05facc27bf6c91738b" rel="nofollow">www.njresources.com</a>. Follow us on Twitter @NJNaturalGas. “Like” us on <a href="http://facebook.com/NewJerseyNaturalGas">facebook.com/NewJerseyNaturalGas</a>. Download our free NJR investor relations app for iPad, iPhone and Android. <table cellspacing="0" class="bwtablemarginb"><tr><td colspan="13"></td><td> </td><td colspan="3"></td></tr><tr><td class="bwpadl0 bwvertalignt bwalignl bwsinglebottom" colspan="13">RECONCILIATION OF NON-GAAP PERFORMANCE MEASURES</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom" colspan="9"><org value="NYSE:NJR" idsrc="xmltag.org">NEW JERSEY RESOURCES</org></td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td></tr><tr><td></td><td> </td><td colspan="3"></td><td> </td><td colspan="3"></td><td> </td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="7">Three Months Ended</td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="7">Six Months Ended</td></tr><tr><td></td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="7"><chron>March 31</chron>,</td><td></td><td class="bwpadl0 bwvertalignb bwalignc" colspan="7"><chron>March 31</chron>,</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands)</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">2015</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3"> 2014 </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">2015</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl" colspan="13">A reconciliation of Net income at NJR to Net financial earnings, is as follows:</td><td></td><td colspan="3"></td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Net income </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">60,903</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 172,971 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">184,223</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 180,664 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Consolidated unrealized loss (gain) on derivative instruments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">68,474</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (13,256 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(20,198</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 52,395 </td><td></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Effects of economic hedging related to natural gas inventory </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(23,450</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (18,668 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(32,215</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (41,548 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Tax adjustments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(6,784</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 10,873 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">22,443</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 269 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net financial earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">99,143</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 151,920 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">154,253</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 191,780 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Weighted Average Shares Outstanding</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Basic </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">85,328</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 84,158 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">84,940</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 84,100 </td><td></td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Diluted </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">86,370</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 84,914 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">85,982</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 84,856 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl">Basic net financial earnings per share</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1.16</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1.81 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1.82</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2.28 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom"><org value="ACORN:1146716869" idsrc="xmltag.org">NJR ENERGY SERVICES</org></td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl" colspan="17">The following table is a computation of Financial margin at Energy Services:</td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Operating revenues </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">682,204</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,241,584 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">1,285,892</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 1,879,293 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Less: Gas purchases </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">664,495</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,048,158 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,139,442</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,711,945 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Unrealized loss (gain) on derivative instruments and related transactions </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">70,219</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (11,743 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(19,781</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 53,458 </td><td></td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Effects of economic hedging related to natural gas inventory </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(23,450</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (18,668 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(32,215</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (41,548 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Financial margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">64,478</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 163,015 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">94,454</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 179,258 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb" colspan="17">A reconciliation of Operating income at Energy Services, the closest GAAP financial measurement, to Financial margin is as follows:</td></tr><tr><td></td><td></td><td colspan="7"></td><td></td><td colspan="7"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Operating income </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">10,940</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 175,642 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">136,217</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 145,599 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Operation and maintenance expense </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">6,343</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 17,374 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">9,331</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 20,959 </td><td></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Depreciation and amortization </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">23</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 13 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">45</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 25 </td><td></td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Other taxes </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">403</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 397 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">857</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 765 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Subtotal – Gross margin </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">17,709</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 193,426 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">146,450</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 167,348 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Unrealized loss (gain) on derivative instruments and related transactions </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">70,219</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (11,743 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(19,781</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 53,458 </td><td></td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Effects of economic hedging related to natural gas inventory </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(23,450</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (18,668 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(32,215</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (41,548 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Financial margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">64,478</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 163,015 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">94,454</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 179,258 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl" colspan="17">A reconciliation of Energy Services Net income to Net financial earnings, is as follows:</td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Net income </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">6,743</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 110,636 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">85,630</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 91,250 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Unrealized loss (gain) on derivative instruments and related transactions </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">70,219</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (11,743 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(19,781</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 53,458 </td><td></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Effects of economic hedging related to natural gas inventory </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(23,450</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (18,668 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(32,215</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (41,548 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Tax adjustments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(17,196</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 11,182 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">19,118</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (4,379 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net financial earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">36,316</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 91,407 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">52,752</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 98,781 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">NJR CLEAN ENERGY VENTURES</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl" colspan="17">A reconciliation of Clean Energy Ventures Net income to Net financial earnings, is as follows:</td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Net income </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">3,240</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 13,672 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">18,847</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 12,164 </td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Add: </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Tax adjustments </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">9,770</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (865 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">3,171</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 4,257 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net financial earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">13,010</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 12,807 </td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">22,018</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 16,421 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td> </td></tr></table><table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td><td colspan="4"></td><td> </td><td colspan="4"></td><td> </td><td> </td><td colspan="4"></td><td> </td><td colspan="3"></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom"><org value="NYSE:NJR" idsrc="xmltag.org">NEW JERSEY RESOURCES</org></td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="4"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="4"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="4"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl" colspan="6">CONSOLIDATED STATEMENTS OF OPERATIONS</td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"> </td></tr><tr><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="9" rowspan="2">Three Months Ended <chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="8" rowspan="2">Six Months Ended <chron>March 31</chron>,</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands, except per share data)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">OPERATING REVENUES</td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Utility </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">374,703</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 394,528 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">583,430</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 627,997 </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Nonutility </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">638,387</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1,185,041 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1,253,784</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1,829,977 </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total operating revenues </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1,013,090</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1,579,569 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1,837,214</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 2,457,974 </td></tr><tr><td class="bwpadl0 bwvertalignm bwalignl">OPERATING EXPENSES</td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Gas purchases </td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Utility </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">129,281</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 146,449 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">213,544</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 255,937 </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Nonutility </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">662,573</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 1,046,328 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">1,135,544</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 1,708,272 </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Related parties </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">3,124</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 3,039 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">6,388</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 6,339 </td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Operation and maintenance </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">52,778</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 61,273 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">97,537</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 103,296 </td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Regulatory rider expenses </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">42,692</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 38,211 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">64,155</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 58,043 </td></tr><tr><td class="bwpadl2 bwvertalignb bwalignl"> Depreciation and amortization </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">15,204</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 12,828 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">29,590</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 25,394 </td></tr><tr><td class="bwpadl2 bwpadb1 bwvertalignb bwalignl"> Energy and other taxes </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">24,632</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 24,429 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">38,953</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 41,457 </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Total operating expenses </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">930,284</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1,332,557 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1,585,711</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 2,198,738 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">OPERATING INCOME</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">82,806</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 247,012 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">251,503</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 259,236 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Other income, net </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">1,137</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 712 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">1,027</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 1,839 </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Interest expense, net </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">6,483</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 6,306 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">13,678</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 12,601 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">77,460</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 241,418 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">238,852</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 248,474 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl"> Income tax provision </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">20,144</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 71,680 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">61,011</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 73,185 </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"> Equity in earnings of affiliates </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">3,587</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 3,233 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">6,382</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 5,375 </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">NET INCOME</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">60,903</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 172,971 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">184,223</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 180,664 </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">EARNINGS PER COMMON SHARE</td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Basic </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">0.71</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2.06 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">2.17</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2.15 </td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Diluted </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">0.71</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2.04 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">2.14</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 2.13 </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">DIVIDENDS DECLARED PER COMMON SHARE</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">.23</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> .21 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">.45</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> .42 </td></tr><tr><td></td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">AVERAGE SHARES OUTSTANDING</td><td></td><td colspan="4"></td><td></td><td colspan="4"></td><td></td><td></td><td colspan="4"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Basic </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">85,328</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,158 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">84,940</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,100 </td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Diluted </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">86,370</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,914 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">85,982</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 84,856 </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"> </td></tr></table><table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td><td colspan="3"></td><td> </td><td colspan="3"></td><td> </td><td> </td><td colspan="3"></td><td> </td><td colspan="3"></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom"><org value="NYSE:NJR" idsrc="xmltag.org">NEW JERSEY RESOURCES</org></td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="7" rowspan="2">Three Months Ended <chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="7" rowspan="2">Six Months Ended <chron>March 31</chron>,</td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands, except per share data)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Operating Revenues</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Natural Gas Distribution </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">374,703</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 394,528 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">583,430</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 627,997 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Energy Services </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">682,204</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,241,584 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,285,892</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,879,293 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Clean Energy Ventures </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">4,068</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 2,679 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">10,303</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 4,852 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">—</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> — </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">—</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> — </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Home Services and Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">8,587</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 8,824 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">17,598</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 18,098 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Sub-total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,069,562</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,647,615 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,897,223</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 2,530,240 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(56,472</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (68,046 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(60,009</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (72,266 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1,013,090</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 1,579,569 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">1,837,214</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,457,974 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Operating Income (Loss)</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Natural Gas Distribution </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">75,949</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 74,052 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">121,513</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 119,355 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Energy Services </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">10,940</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 175,642 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">136,217</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 145,599 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Clean Energy Ventures </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(4,165</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (2,467 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(4,868</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (4,973 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(190</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (172 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">(342</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> (519 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl"> ) </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Home Services and Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(2,684</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (2,683 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(3,808</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (3,447 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Sub-total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">79,850</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 244,372 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">248,712</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 256,015 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">2,956</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 2,640 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">2,791</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 3,221 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">82,806</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 247,012 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">251,503</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 259,236 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Equity in Earnings of Affiliates</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">4,581</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 4,141 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">8,356</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 7,083 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(994</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (908 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,974</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,708 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">3,587</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 3,233 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">6,382</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 5,375 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Net income (loss)</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Natural Gas Distribution </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">48,594</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 47,043 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">76,780</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 74,682 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Energy Services </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">6,743</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 110,636 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">85,630</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 91,250 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Clean Energy Ventures </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">3,240</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 13,672 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">18,847</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 12,164 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">2,604</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 2,254 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">4,724</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 3,688 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Home Services and Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,359</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,576 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,951</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,777 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Sub-total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">59,822</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 172,029 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">184,030</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 180,007 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">1,081</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 942 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">193</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 657 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">60,903</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 172,971 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">184,223</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 180,664 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Net financial earnings (loss)</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Natural Gas Distribution </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">48,594</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 47,043 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">76,780</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 74,682 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Energy Services </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">36,316</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 91,407 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">52,752</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 98,781 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Clean Energy Ventures </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">13,010</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 12,807 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">22,018</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 16,421 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Midstream </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">2,604</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 2,254 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">4,724</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 3,688 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Home Services and Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,359</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,576 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,951</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,777 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Sub-total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">99,165</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 151,935 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">154,323</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 191,795 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Eliminations </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(22</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (15 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(70</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (15 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">99,143</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 151,920 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">154,253</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 191,780 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Throughput (Bcf)</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> NJNG, Core Customers </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">48.7</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 37.0 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">72.1</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 58.5 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> NJNG, Off System/Capacity Management </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">56.2</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 34.4 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">109.1</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 70.2 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> NJRES Fuel Mgmt. and Wholesale Sales </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">192.9</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 175.0 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">358.4</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 342.1 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">297.8</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 246.4 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">539.6</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 470.8 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="3"> </td></tr><tr><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Common Stock Data</td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Yield at <chron>March 31</chron></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">2.9</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">%</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1.7 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> % </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">2.9</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">%</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1.7 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> % </td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Market Price </td><td></td><td colspan="3"></td><td></td><td colspan="3"></td><td></td><td></td><td colspan="3"></td><td></td><td colspan="3"></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> High </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">33.73</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 25.24 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">33.73</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 25.24 </td><td></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Low </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">28.73</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 21.88 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">24.65</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 21.27 </td><td></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Close at <chron>March 31</chron></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">31.06</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 24.90 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">31.06</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 24.90 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Shares Out. at <chron>March 31</chron></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">85,460</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 84,150 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">85,460</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 84,150 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Market Cap. at <chron>March 31</chron></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">2,654,382</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,095,323 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">2,654,382</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 2,095,323 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td> </td></tr></table><table cellspacing="0" class="bwtablemarginb"><tr><td></td><td> </td><td colspan="5"></td><td> </td><td colspan="5"></td><td> </td><td> </td><td colspan="4"></td><td colspan="2"> </td><td colspan="5"></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">NATURAL GAS DISTRIBUTION</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="4"> </td><td class="bwdoublebottom" colspan="2"> </td><td class="bwdoublebottom" colspan="5"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"> </td></tr><tr><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="11" rowspan="2">Three Months Ended <chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="11" rowspan="2">Six Months Ended <chron>March 31</chron>,</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">(Unaudited)</td><td></td><td></td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands, except customer & weather data)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="5">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="5"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="4">2015</td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="5"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Utility Gross Margin</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Operating revenues </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">374,703</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 394,528 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">583,430</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 627,997 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Less: </td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Gas purchases </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">189,562</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 218,065 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">278,130</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 333,609 </td><td colspan="2"></td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl"> Energy and other taxes </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">21,925</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 22,297 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">33,453</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 36,926 </td><td colspan="2"></td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl"> Regulatory rider expense </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">42,692</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 38,211 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">64,155</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 58,043 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl8 bwpadb1 bwvertalignb bwalignl">Total Utility Gross Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">120,524</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 115,955 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">207,692</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 199,419 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom" colspan="2"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Utility Gross Margin, Operating Income and Net Income</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Residential </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">76,909</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 73,038 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">129,753</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> 123,598 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Commercial, Industrial & Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">18,966</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 17,428 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">32,726</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 30,428 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Firm Transportation </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">20,780</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 23,352 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">37,034</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 40,673 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total Firm Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">116,655</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 113,818 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">199,513</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 194,699 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Interruptible </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">776</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 94 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">909</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 221 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total System Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">117,431</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 113,912 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">200,422</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 194,920 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Off System/Capacity Management/FRM/Storage Incentive </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">3,093</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 2,043 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">7,270</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 4,499 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total Utility Gross Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">120,524</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 115,955 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">207,692</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 199,419 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Operation and maintenance expense </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">32,638</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 30,699 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">62,618</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 57,951 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Depreciation and amortization </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">10,647</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 9,972 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">21,192</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 19,807 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Other taxes not reflected in gross margin </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1,290</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1,232 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">2,369</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 2,306 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Operating Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">75,949</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 74,052 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">121,513</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 119,355 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Net Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">48,594</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 47,043 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">76,780</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> 74,682 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom" colspan="2"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Throughput (Bcf)</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Residential </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">25.4</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 22.5 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">37.8</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 35.0 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Commercial, Industrial & Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">5.6</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 4.2 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">7.9</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 6.6 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Firm Transportation </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">16.2</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 8.6 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">22.0</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 13.6 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total Firm Throughput</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">47.2</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 35.3 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">67.7</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 55.2 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Interruptible </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">1.5</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 1.7 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">4.4</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 3.3 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total System Throughput</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">48.7</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 37.0 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">72.1</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 58.5 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Off System/Capacity Management </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">56.2</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 34.4 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">109.1</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 70.2 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total Throughput</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">104.9</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 71.4 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">181.2</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 128.7 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom" colspan="2"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Customers</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Residential </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">432,118</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 411,993 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">432,118</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 411,993 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Commercial, Industrial & Other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">27,566</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 25,977 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">27,566</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 25,977 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Firm Transportation </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">52,314</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 65,625 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">52,314</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 65,625 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total Firm Customers</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">511,998</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 503,595 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">511,998</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 503,595 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Interruptible </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">32</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 37 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">32</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 37 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Total System Customers</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">512,030</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 503,632 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">512,030</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 503,632 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Off System/Capacity Management* </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">36</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 47 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">36</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 47 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total Customers</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">512,066</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 503,679 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">512,066</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 503,679 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom" colspan="13">*The number of customers represents those active during the last month of the period.</td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom" colspan="2"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Degree Days</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="4"></td><td colspan="2"></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Actual </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">3,021</td><td colspan="2"></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 2,894 </td><td colspan="2"></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3">4,612</td><td></td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="3"> 4,561 </td><td colspan="2"></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Normal </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">2,463</td><td class="bwsinglebottom" colspan="2"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 2,464 </td><td class="bwsinglebottom" colspan="2"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">4,086</td><td class="bwsinglebottom"> </td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 4,089 </td><td class="bwsinglebottom" colspan="2"> </td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Percent of Normal </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">122.7</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">%</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 117.5 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> % </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3">112.9</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">%</td><td colspan="2"></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="3"> 111.5 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> % </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom" colspan="2"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">ENERGY SERVICES</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="11" rowspan="2">Three Months Ended <chron>March 31</chron>,</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="11" rowspan="2">Six Months Ended <chron>March 31</chron>,</td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">(Unaudited)</td><td></td><td></td><td></td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwsinglebottom">(Thousands, except customer, SREC and megawatt)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="5">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="5"> 2014 </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="5">2015</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="5"> 2014 </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Operating Income</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Operating revenues </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">682,204</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,241,584 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,285,892</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,879,293 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Gas purchases </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">664,495</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 1,048,158 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">1,139,442</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 1,711,945 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwvertalignb bwalignl">Gross Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">17,709</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 193,426 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">146,450</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 167,348 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Operation and maintenance expense </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">6,343</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 17,374 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">9,331</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 20,959 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Depreciation and amortization </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">23</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 13 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">45</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 25 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Energy and other taxes </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">403</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 397 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">857</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 765 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Operating Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">10,940</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 175,642 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">136,217</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 145,599 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">6,743</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 110,636 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">85,630</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 91,250 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Financial Margin</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">64,478</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 163,015 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">94,454</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 179,258 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net Financial Earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">36,316</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 91,407 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">52,752</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 98,781 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Gas Sold and Managed (Bcf)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">192.9</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 175.0 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">358.4</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 342.1 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">CLEAN ENERGY VENTURES</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td></tr><tr><td></td><td></td><td colspan="11"></td><td></td><td></td><td colspan="11"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl">Operating Revenues</td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> SREC sales </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">1,618</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 1,664 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">$</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2">6,006</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr"> $ </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="2"> 3,098 </td><td></td></tr><tr><td class="bwpadl3 bwvertalignb bwalignl"> Electricity sales and other </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">1,601</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 449 </td><td></td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4">2,572</td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr" colspan="4"> 701 </td><td></td></tr><tr><td class="bwpadl3 bwpadb1 bwvertalignb bwalignl"> Sunlight Advantage </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">849</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 566 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">1,725</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 1,053 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwpadl5 bwpadb1 bwvertalignb bwalignl">Total Operating Revenues</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">4,068</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 2,679 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">10,303</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 4,852 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Depreciation and Amortization</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">4,297</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 2,635 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">7,888</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 5,146 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Operating (Loss)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(4,165</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (2,467 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(4,868</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (4,973 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Income Tax Benefit</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">9,042</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 17,388 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">28,763</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 19,432 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">3,240</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 13,672 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">18,847</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 12,164 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net Financial Earnings</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">13,010</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 12,807 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">22,018</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 16,421 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Solar Renewable Energy Certificates Generated</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">17,747</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 10,996 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">39,994</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 26,155 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Solar Renewable Energy Certificates Sold</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">9,734</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 11,314 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">34,728</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 20,678 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Megawatts Installed</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">7.5</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 3.5 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">18.8</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 6.8 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl"><org>Megawatts Under Construction</org></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">11.2</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 25.6 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">11.2</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 25.6 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="5"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">MIDSTREAM</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Equity in Earnings of Affiliates</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">4,581</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 4,141 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">8,356</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 7,083 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Operation and Maintenance Expense</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">186</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 168 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">333</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 514 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Interest Expense</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">210</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 377 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">460</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 775 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net Income</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">2,604</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 2,254 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">4,724</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 3,688 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom" colspan="26"> </td></tr><tr><td class="bwpadl0 bwvertalignb bwalignl bwdoublebottom">HOME SERVICES AND OTHER</td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td><td class="bwdoublebottom"> </td><td class="bwdoublebottom" colspan="5"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Operating Revenues</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">8,587</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 8,824 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">17,598</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> 18,098 </td><td class="bwsinglebottom"> </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Operating (Loss)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(2,684</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (2,683 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(3,808</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (3,447 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Net (Loss)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,359</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,576 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">$</td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2">(1,951</td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">)</td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom"> $ </td><td class="bwsinglebottom"> </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="2"> (1,777 </td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom"> ) </td></tr><tr><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"></td><td></td><td></td><td colspan="5"></td><td></td><td colspan="5"> </td></tr><tr><td class="bwpadl0 bwpadb1 bwvertalignb bwalignl">Total Service Contract Customers at <chron>March 31</chron></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">117,495</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 119,426 </td><td class="bwsinglebottom"> </td><td></td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4">117,495</td><td class="bwsinglebottom"> </td><td></td><td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom" colspan="4"> 119,426 </td><td class="bwsinglebottom"> </td></tr><tr><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom"> </td><td class="bwsinglebottom" colspan="4"> </td><td class="bwsinglebottom"> </td></tr></table><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20150507005203r1&sid=acqr7&distro=nx&lang=en" /><org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org> Media: <person>Michael Kinney</person>, 732-938-1031 <a href="mailto:[email protected]">[email protected]</a> or Investors: <person>Joanne Fairechio</person>, 732-378-4967 <a href="mailto:[email protected]">[email protected]</a> or <person>Dennis Puma</person>, 732-938-1229 <a href="mailto:[email protected]">[email protected]</a>Source: <org value="NYSE:NJR" idsrc="xmltag.org">New Jersey Resources</org>

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