New Jersey Resources Deletes PennEast Pipe from Projections

New Jersey Resources Corp. (NJR), one of five owners in the PennEast Pipeline (with a 20% stake), had some interesting things to say about the PennEast project during its annual Analyst Day event held last Monday. NJR CEO Stephen Westhoven said during the virtual event that “uncertainty around an in-service date” has prompted his company to pull the project “completely” from its financial growth projections through 2024. What does that mean?

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