New Jersey Resources (NJR) 8-K Entry into a Material Definitive Agreement

Exhibit 10.7 

Summary of New Jersey Resources Corporation Non-Employee Director Compensation

Annual Retainer Fee:	$50,000 cash (paid quarterly)
		1,200 shares of NJR Common Stock (paid annually)
Lead Non-Management Director Fee:		$10,000
Annual Retainer for Committee Chairs:
Audit Committee Chair:		$10,000
Executive Committee Chair:		$10,000
Leadership Development and Compensation Committee Chair:		$10,000
Nominating/Corporate Governance Committee Chair:		$5,000
Committee Meeting Fees:	$1,500 per meeting attended