Welcome to our dedicated page for South Jersey Inds news (Ticker: SJI), a resource for investors and traders seeking the latest updates and insights on South Jersey Inds stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect South Jersey Inds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of South Jersey Inds's position in the market.
Captona has announced the acquisition of a 5 MW fuel cell project, its third, partnering with South Jersey Industries through the Catamaran Renewables joint venture. Located in Bronx, New York, the project is under construction and expected to serve the New York metropolitan area later this year. The acquisition increases Captona's fuel cell portfolio to 12.5 MW. Captona aims to strengthen its energy transition efforts, investing in various sustainable technologies including renewable natural gas and green hydrogen.
Summary not available.
SJI (NYSE: SJI) has announced a new fuel cell project in Bronx, New York, through its joint venture Catamaran Renewables, which also includes Captona. The project involves a 5.0 MW fuel cell with projected commercial operations by Q4 2021, contributing to New Jersey's clean energy goals. With 75% of revenues fixed under New York’s VDER program, the investment promises steady cash flows. Marina Energy will own 92% of the project, benefiting from long-term agreements with creditworthy customers. This aligns with SJI's commitment to carbon-neutral energy by 2040.
SJI reported a strong performance for Q1 2021, with GAAP earnings of $1.26 per diluted share, up from $1.09 in Q1 2020. Economic earnings also increased, reflecting positive contributions from both Utility and Non-Utility operations. Key developments include successful regulatory initiatives regarding energy efficiency programs and a commitment to decarbonization, targeting a 70% reduction in emissions by 2030. Additionally, the company announced a regular dividend of $0.3025 per share, marking its 70th consecutive year of dividends. A virtual Investor Day is scheduled for May 6 to outline long-term growth strategies.
SJI (NYSE: SJI) announced that its utilities, South Jersey Gas and Elizabethtown Gas, have received the 2020 Industry Leader Accident Prevention Awards from the American Gas Association (AGA) for their exceptional safety records. This recognition marks the second consecutive year both utilities have achieved this honor. SJI emphasizes a strong safety culture with comprehensive training programs aimed at preventing operational incidents. The awards are based on stringent criteria, including zero employee fatalities and incident rates below industry averages.
SJI has announced a virtual Investor Day set for May 6, 2021, at 10:00 a.m. ET, where CEO Michael J. Renna will outline the company's strategic value plan and long-term financial targets. The company will release its first quarter 2021 earnings on May 5, 2021, after market close. This event aims to enhance transparency and engage with investors. SJI provides natural gas services to approximately 700,000 customers in New Jersey and operates within energy solutions highlighting efficiency and clean technology.
Summary not available.
Elizabethtown Gas, a subsidiary of SJI, has received approval from the New Jersey Board of Public Utilities for its largest energy-efficiency program, set to invest $83 million over three years. This initiative aims to provide innovative solutions for customers to reduce energy costs and carbon footprints. The program, including a Conservation Incentive Program, is projected to save customers $152 million in energy costs and prevent the emission of over 443,000 tons of CO2, equivalent to removing 87,000 cars from the roads. It also has the potential to create 2,000 jobs.
South Jersey Gas (SJI) has received approval from the New Jersey Board of Public Utilities to expand its energy-efficiency program, authorizing a $133 million investment over three years. This initiative aims to provide customers with significant energy and cost-saving opportunities, while also aligning with state environmental goals. The program is set to deliver $177 million in customer savings and prevent over 510,000 tons of carbon dioxide emissions. Additionally, it has the potential to create more than 2,500 jobs.
South Jersey Gas and Elizabethtown Gas, subsidiaries of SJI (NYSE: SJI), have launched Conserve, an online resource designed to help customers save energy and money. This initiative, found on their websites, offers tips for reducing energy consumption and environmental impact. With over $133 million invested in energy efficiency programs, Conserve aims to provide ongoing content, games, and resources that enhance energy savings for both residential and commercial customers.