Wikipedia:Articles for deletion/New Jersey Resources


 * The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review).  No further edits should be made to this page.

The result was keep. North America1000 04:19, 26 December 2017 (UTC)

New Jersey Resources

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I prodded it with the following rationale: "The coverage (references, external links, etc.) does not seem sufficient to justify this article passing General notability guideline and the more detailed Notability (companies) requirement. " It was deprodded by User:Renata3 with the following rationale "Fortune 1000 company traded on NYSE". Long ago I used to think that being listed at a stock exchange suffices, but this was not accepted as part of WP:NCORP, so we need better keep arguments - and I am not seeing any serious coverage outside the usual smattering of business directory entries and press releases. As I discussed in my Signpost Op-Ed, this is a good example of Yellow-Pages like company spam. Piotr Konieczny aka Prokonsul Piotrus&#124; reply here 08:44, 11 December 2017 (UTC)
 * Note: This debate has been included in the list of Companies-related deletion discussions. Merry Christmas! Baby miss  fortune 09:33, 11 December 2017 (UTC)
 * Note: This debate has been included in the list of New Jersey-related deletion discussions. Merry Christmas! Baby miss  fortune 09:33, 11 December 2017 (UTC)

 Relisted to generate a more thorough discussion and clearer consensus.

Please add new comments below this notice. Thanks, North America1000 02:55, 18 December 2017 (UTC)

Keep per the significant coverage in multiple independent reliable sources.

 The article notes that New Jersey Resources was ranked 672 on the Fortune 1000 and had $3,738,000,000 in revenue and $142,000,000 in profit.   The article notes: "New Jersey Resources Corp., parent of New Jersey Natural Gas Co., supplies some 330,000 customers throughout Monmouth, Ocean, Morris and Middlesex counties. But in recent years, the company has looked well beyond those horizons to increase sales. Since 1991, the Wall Township-based utility holding company has sold more than 33 billion cubic feet of gas to customers in six states outside of New Jersey. ... 'Life here truly is, and should be, an efficient load factor,' remarked Oliver G. Richard 3d, chairman and chief executive officer of New Jersey Resources.  ...  As a holding company, New Jersey Natural has long looked beyond its regular utility business for growth. Trying to diversify in years past, New Jersey Resources already has a number of unregulated ventures, including Paradigm Power Inc., which invests in natural gas-fueled cogeneration and independent power projects; Commercial Realty & Resources Corp., which develops commercial real estate; and NJR Energy Corp., which engages in energy-related investments. While results from the diversified businesses have been mixed, the company has had more success selling gas in unregulated markets. In 1991, virtually all of the company's sales were to core residential and commercial customers. By 1992, the company sold 11.8 billion cubic feet in off-system sales outside the state. Last year, those sales jumped to 21 billion cubic feet."  The article notes: "It has been a good run for utility stocks the past three years. The sector is up 23 percent during that time frame and one of the steadiest performing players has been New Jersey Resources. The Wall Township-based owner of New Jersey Natural Gas, which provides gas to 450,000 customers in central Jersey, is heading for its 14th consecutive year of earnings growth, one of the longest streaks in the sector. ... In a research report, Morningstar.com analyst John Kearney said New Jersey Resources 'exemplifies the stability and consistency that risk-averse, income-oriented investors look for.' The company also benefits from a good relationship with regulators - an affinity it enjoys largely as a result of not having sought a rate increase for its delivery costs in 10 years."  The article notes: "In an unusual takeover battle between two New Jersey utility companies, the NUI Corporation says it will continue its attempt to merge with the larger New Jersey Resources Corporation despite a lopsided defeat in a proxy battle. The defeat is expected to be confirmed at a shareholders' meeting Tuesday of New Jersey Resources, which delivers natural gas to 220,000 customers in Monmouth and Ocean Counties and parts of Morris and Middlesex Counties. ... At the Feb. 2 annual meeting of New Jersey Resources, NUI sought to place on the company's board its own slate of candidates, who would support the merger. Both utilities resorted to an unusual amount of publicity for companies their size, including radio spots and full-page ads in the financial sections of The New York Times and The Wall Street Journal." <li> The article notes: "New Jersey Resources Corp. is considering a combination with South Jersey Industries Inc., a deal that would bring together two natural-gas utilities in the state, according to people familiar with the matter. Details of the talks couldn’t be learned and it is possible that there won’t be a deal. As of Tuesday morning, New Jersey Resources had a market value of $3.4 billion. South Jersey Industries was valued at $2.8 billion. New Jersey Resources, based in Wall, N.J., provides natural gas and other services to homes and businesses from the Gulf Coast to Canada, according to its website. It is the parent company of New Jersey Natural Gas, which serves more than 486,000 customers in Monmouth, Ocean, Middlesex, Morris and Burlington counties. New Jersey Resources also operates a 6,700 mile natural-gas transportation and distribution network serving almost 500,000 customers, according to the website."</li> <li> The article notes: "New Jersey Natural Gas -- which serves approximately 512,000 customers in Monmouth and Ocean counties, portions of Burlington, Middlesex, and Morris counties, and one borough in Sussex County --requested in November 2015 a 24-percent rate increase, or a $21.69 uptick in an average customer's monthly bill ... Kinney said executive compensation and returns on investments derive from the entirety of New Jersey Resources, the parent company of NJNG, which has several subsidiaries that reach customers outside the Garden State. ... From 2008 through 2015, the company has seen its customer base grow by 1.5 percent annually, and has already invested approximately $806 million in its natural-gas transmission and distribution system."</li> <li> The article notes: "None of that has deterred Laurence Downes, an unflappable and soft-spoken executive who for the past 10 years has led New Jersey Resources, a natural gas company with $2.5 billion in revenue last year. ... Downes is fond of telling audiences the company - the owner of the state's second-largest gas utility, New Jersey Natural Gas - is one of the fastest-growing local gas distribution businesses in the country. Shareholders who invested $1,000 in NJR in 1952 have seen their investment grow to more than $800,000 today, he is quick to point out. New Jersey Natural Gas, which has 455,000 customers in Monmouth and Ocean counties, accounts for about 80 percent of the parent company's earnings. And yet the utility has not raised the rates it charges to deliver gas to residents and businesses for more than a decade. ... Downes came to New Jersey Resources in 1985 after working on utility bonds at a bank, a job he came to enjoy."</li> <li> The article notes: "The management of New Jersey Natural Gas Co. has come under sharp criticism by state regulators over the company's steadily rising gas costs in the wake of a new request for higher rates. The Board of Regulatory Commissioners (BRC) this week called for changes in the utility's management structure. The board said the company's gas costs have gone from the lowest in the state in 1985 to the highest of the four natural gas utilities serving New Jersey, and wants the company to explain why rates are climbing. The Wall Township-based company serves 325,000 customers in Monmouth, Ocean, Morris and Middlesex counties. ... New Jersey Natural is organized under a parent holding company, New Jersey Resources Corp., which was formed to allow the company to diversify into a number of unregulated, non-utility businesses. But while New Jersey Resources has several subsidiaries involved in energy, cogeneration and real estate ventures, the overwhelming bulk of revenue and income comes from the utility."</li> <li> The article notes: "...local mayors and officials who gathered Wednesday morning to speak out against the 24-percent rate hike proposed by New Jersey Natural Gas. As reported by NJ Advance Media, the utility company that serves half a million people mainly in Ocean and Monmouth counties proposed the steep increase as its top executives have seen their overall compensation skyrocket in recent years. New Jersey Natural Gas says the rate increase is its first since 2007, and is necessary to mend its ailing infrastructure. It also contends its uptick in executive compensation has no impact on the rate increase. ... A NJNG spokesman, Michael Kinney, said executive compensation and return on investments derive from the entirety of New Jersey Resources, the parent company of NJNG, which has several subsidiaries that provide other services."</li> </ol>There is sufficient coverage in reliable sources to allow New Jersey Resources to pass Notability, which requires "significant coverage in reliable sources that are independent of the subject". Cunard (talk) 05:35, 18 December 2017 (UTC) </li></ul>
 * New Jersey Resources was ranked 649 on the Fortune 1000 in 2015. A 2005 article notes that New Jersey Resources' New Jersey Natural Gas division was New Jersey's second-largest gas utility. In a 2005 analyst report, Morningstar's analyst John Kearney said New Jersey Resources "exemplifies the stability and consistency that risk-averse, income-oriented investors look for". Per Notability (organizations and companies), analyst reports are acceptable sources. In 2016, it served half a million people. A 2016 article noted the company was harshly criticized for a proposed 24% rate hike. The company has received sustained coverage between 1984 and 2016. It clearly passes Notability and Notability (organizations and companies). Cunard (talk) 05:35, 18 December 2017 (UTC)


 * Keep -- a utility with 500,000 customers is of sufficient public interest; so a stub article is okay at this point. Sources presented above are suggestive of notability, plus WP:LISTED helps. It's a "keep" for me, on the balance of things. K.e.coffman (talk) 01:35, 21 December 2017 (UTC)
 * Keep Kudos to for the thorough research on sources indisputably about the company, exceeding the notability standard. Alansohn (talk) 19:35, 23 December 2017 (UTC)


 * The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.