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TheStreet Open House

New Jersey Natural Gas Names Mark Sperduto Senior Vice President-Regulatory Affairs

Stocks in this article: NJR

New Jersey Natural Gas (NJNG) (NYSE: NJR) today announced the promotion of Mark Sperduto to senior vice president-Regulatory Affairs effective January 1, 2013.

Mr. Sperduto joined NJNG in March 2005 and is responsible for implementing the company’s regulatory strategy, in partnership with New Jersey regulators, including a number of innovative conservation, energy efficiency and infrastructure investment programs. Prior to NJNG, Mr. Sperduto spent 14 years with PSE&G, where he was responsible for state regulatory and legislative issues. He also previously worked for Orange and Rockland Utilities and served as a staff member at the New Jersey Board of Public Utilities.

“This is a well-deserved promotion for Mark, who is an integral member of our company,” said Laurence M. Downes, chairman and CEO of New Jersey Natural Gas. “With more than 32 years of regulatory experience, his leadership has been instrumental to the strong working relationship we have with regulators and the performance of our company. We are fortunate to have capable and talented people like Mark as a part of our team.”

New Jersey Natural Gas

New Jersey Natural Gas is the principal subsidiary of New Jersey Resources, a Fortune 1000 c ompany, that provides safe and reliable natural gas and renewable energy services, including transportation, distribution and asset management in states from the Gulf Coast to the New England regions, including the Mid-Continent region, the West Coast and Canada, while investing in and maintaining an extensive infrastructure to support future growth. With $3 billion in annual revenues, NJR safely and reliably operates and maintains 6,800 miles of natural gas transportation and distribution infrastructure to serve approximately half a million customers; develops and manages a diverse portfolio of 1.5 Bcf/day of firm transportation and over 62.1 Bcf of firm storage capacity; offers low carbon, clean energy solutions through its commercial and residential solar programs and provides appliance installation, repair and contract service to nearly 135,000 homes and businesses. Additionally, NJR holds investments in midstream assets through equity partnerships including Steckman Ridge and Iroquois. Through Conserve to Preserve®, NJR is helping customers save energy and money by promoting conservation and encouraging efficiency. For more information about NJR, visit www.njresources.com, “Like” us at Facebook.com/NewJerseyNaturalGas, follow us on Twitter @NJNaturalGas and download our free NJR investor relations app for iPad.



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