Certain statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can also be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” or “continue” or comparable
terminology and are made based upon management’s expectations and beliefs concerning future developments and their potential effect upon New Jersey
Resources (NJR or the Company). There can be no assurance that future developments will be in accordance with management’s expectations or that the
effect of future developments on the Company will be those anticipated by management.
The Company cautions persons reading or hearing this presentation that the assumptions that form the basis for forward-looking statements regarding
customer growth, customer usage, financial condition, results of operations, cash flows, capital requirements, market risk and other matters for fiscal 2006
and thereafter include many factors that are beyond the Company’s ability to control or estimate precisely, such as estimates of future market conditions, the
behavior of other market participants and changes in the debt and equity capital markets. The factors that could cause actual results to differ materially
from NJR’s expectations include, but are not limited to, such things as weather, economic conditions and demographic changes in the New Jersey
Natural Gas (NJNG) service territory, rate of NJNG customer growth, volatility of natural gas commodity pric
es, its impact on customer usage and
NJR Energy Service's (NJRES) operations, the impact on the Company’s risk management efforts, including commercial and wholesale credit
risks, changes in rating agency requirements and/or credit ratings and their effect on availability and cost of capital to the Company, the impact of
regulation (including the regulation of rates), fluctuations in energy-related commodity prices, conversion activity, other marketing efforts, actual
energy usage patterns of NJNG’s customers, the pace of deregulation of retail gas markets, access to adequate supplies of natural gas, the
regulatory and pricing policies of federal and state regulatory agencies, changes due to legislation at the federal and state level, the availability of
an adequate number of appropriate counterparties, sufficient liquidity in the energy trading market and continued access to the capital markets, the
disallowance of recovery of environmental-related expendit
ures and other regulatory changes, environmental and other litigation, the effects and
impacts of inflation on NJR and its subsidiaries operations, change in accounting pronouncements issued by the appropriate standard setting
bodies, terrorist attacks or threatened attacks on energy facilities or unrelated energy companies and other uncertainties. While the Company
periodically reassesses material trends and uncertainties affecting the Company’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, the
Company 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.
