And Dennis. good everyone. morning, Thanks,
January. September I Larry will XX Downes' retiring as take to announcement wanted on Before our a until CEO be He remain our year. we to will moment he Meeting that begin Chairman results, in of discussing this talk about Annual
have talented company. Thanks foundation will leadership, a solid grow our continue to we and Larry's that a team to
XXXX thank I for all take to for for nearly and done he have joined and to XX Resources our this has Jersey I personally. years. for him opportunity want me company New Larry in worked for
I to appreciate the working the in returns employees look me Larry our of and provide I confidence shareowners. NJR forward serve board the succeed what do placed with to has to do our and best, customers we to
the approvals permits the to have announce and the opening all Turning project. now quarter, Burlington received pleased we're County SRL we road major to to complete
and our for SRL in Ocean, is significantly reliability our over a Monmouth critical counties. resiliency project delivery strengthen X system million enhance to Burlington for people company and and
which New also joint second in is employer McGuire-Dix-Lakehurst, will critical largest the of base, Jersey. support mission We the the
you know, of began XX% last the and XX-mile we we've December, approximately As construction installed so project. far
throughout this like as a SRL has and extensive for hard as our process. regulatory would and agencies, state team their undergone work communities, local governmental And thank to I the review. well and various dedication thorough
Midstream made also quarter. Our the infrastructure investments during progress
completed, month. land application DEP Jersey partnership in to surveys which its been New position For PennEast, all a have this puts resubmit the
PennEast thorough approvals. review will conduct step Once to its DEP the full Jersey PennEast the all for that of important receive final our approvals, and expect has construction project. and an is to the expectation necessary This New permits received project permits is begin. the a we It and
XXXX. material awaiting Adelphia Convenience of Certificate of are from in from NFEPS We the This has to Public Adelphia and Gateway, delay fiscal FERC. construction. Necessity timing expect impacted the Turning we original now contribution
economic remains activity, continues future. gas renewable the best have affected natural Northeast energy gas fired a energy to fact by combination and the that natural that natural growth in cleaner demand change timetables, regulatory the and residential our delays towards increased doesn't of the additional believe the move While approval forward for generation. we path that grow, gas it We driven as
to a loss quarter details for results, in NJR reported financial provide $X.XX to some compared Pat per per net $X.XX share the financial of loss call. the XXXX. will our Turning a in later share more of
Energy We guidance for toward year. be of Services are year range per underperformance $X.XX reaffirming share end due to expect fiscal our to NFE $X.XX the low to guidance of the this the and of this
our and will NFE we projects all X% CEV long-term our projects, projects case, growth X%. new new believe our rate and of existing support of final rate midstream to However, the our infrastructure approvals
material X, slide to we to unregulated made the Moving contributions ranges, guidance our changes while within adjustments made our we've businesses. to not some
a have nine months volatility and natural the We gas XX%. during Energy X% adjustment X% of milder previous for to from of to temperatures warmer-than-normal winter range low first to Services the X% range This summer due the lowered our contribution due XXXX. the and is to unusually in to prices
This sales And increasing for the XX% XX% primarily range range this XX% from contribution year. to CEV, to is of due to increase XX%. original higher to NFE our are we volumes SREC
slide an update on I'll provide New X, Jersey to Natural Turning Gas.
track In you customer growth our X.X%. we're of I the with to SRL, news achieve addition our XX-mile to redundancy rate on shared on project, annual
this we begin The end BPU second to quarter that the rates. our was a million $XXX increase of with through update unchanged. largely preliminary base actual an XXXX, phase of ongoing with is increase rate May. This case the filed data requested with We filed discovery BPU negotiations time, Since month. and in later seeking will the the
new second review provide million a system to update process of distribution $XXX once our projects. continues the strengthen will more the reliability investment various This contains The improvement replacement quarter and our program BPU. filed infrastructure is the ongoing is regulatory for program we with an efforts in we and information and infrastructure this ongoing Also, year, available.
of to our in RISE Program SAFE steel unprotected make and of progress. first through We've existing nearly programs NJ nine regulated year continue SAFE II infrastructure XX invested million miles to $XX Our approved this months replace main. II the
Long main this to Island, program. Through continue a our program, RISE distribution under is Beach our of NJ project new which we last construction
On installations four year. slide CEV completed commercial Clean on complete approximately eligible track projects portfolio on ITC will this $XXX six our to an and These update have add over additional installations, is capacity Energy Ventures. X, megawatts represent solar has we investment of an two to already million. XX of
to program Advantage Sunlight continues The successful. be
now residential Jersey. This serve new added customers quarter, New customers and X,XXX solar we in over XXX
of installed capacity. has portfolio Since megawatts XXXX, of commercial over CEV XXX and solar grown to its projects residential
quarter. details to call With the that, some turn I'll the over additional Pat for on
