.

New Jersey Natural Gas Gets Approval To Build Refueling Stations

Utility company to build up to seven CNG stations in Monmouth, Ocean and Middlesex counties

Wall-based New Jersey Natural Gas on Thursday received approval from the state to begin building natural gas refueling stations across the state in a $10 million pilot program to stimulate the use of natural gas-powered vehicles.

The company wants to build from five to seven refueling stations in its service area over the next year, according to a company release.

Compressed natural gas can reduce fuel costs between 30 and 50 percent over petroleum and can produce up to 30 percent fewer greenhouse gas emissions than diesel, the release says.

One of the major obstacles to the increased use of natural gas-powered vehicles has been a lack of refueling infrastructure. Currently, there are only three refueling stations in New Jersey open to the public, according to the release.

 “With the availability and price benefit of today’s natural gas, we have an opportunity to help grow our economy and protect our environment by encouraging the market for alternative fuel vehicles, and that’s good for New Jersey and our future,” Laurence M. Downes, chairman and CEO of New Jersey Natural Gas, said in the release.

NJNG will begin seeking out private companies or governmental entities in Monmouth, Ocean and Morris counties that currently use or plan to use NGVs in their fleet operations to host the refueling stations, the release says.

NJNG will install, own and maintain the infrastructure, and the host company will be required to make the station open to the public and use initially at least 20 percent of the refueling capacity, according to the release.

Customers will not see any change to their bill in 2012 resulting from Thursday’s approval. NJNG will submit a cost recovery filing to the BPU in the first quarter of 2013, requesting a base rate change. A portion of the proceeds from the use of the CNG equipment, along with any available federal and state incentives, will be credited back to the ratepayers to help offset the cost of this investment, the release says.

The total anticipated impact for the average residential customer using 1000 therms annually will be no more than three-tenths of one percent, or approximately $3.50, the release says.

Mike June 19, 2012 at 12:16 PM
It's about time. We have 100 years' supply of natural gas here in the US, yet we're still clamoring for gasoline, competing with the rest of the world for an over-priced commodity that has been bid up by commodity speculators looking for a quick profit. T. Boone Pickens is right – it’s time for energy independence, and this is a step in the right direction.
John Hayes June 19, 2012 at 06:42 PM
Hopefully the bus companies will consider switching back to CNG.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »