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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 14, 2005
NEW JERSEY RESOURCES
CORPORATION
(Exact name of registrant as specified in its charter)
New Jersey 1-8359 22-2376465
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
1415 Wyckoff Road
Wall, New Jersey 07719
(Address of principal executive offices) (Zip Code)
(732) 938-1480
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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TABLE OF CONTENTS
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Item 8.01 Other Events
SIGNATURE
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Item 8.01. Other Events
The Company has previously disclosed that its subsidiary, NJRES and eCORP
Marketing, LLC (eCORP Marketing), the counter party to the Amended and Restated
Natural Gas Storage Marketing and Management Agreement (Marketing Agreement)
concerning the Stagecoach Natural Gas Storage Project (the Stagecoach Project)
have been engaged in litigation regarding a dispute over the Marketing
Agreement. As of March 16, 2005, eCORP Marketing, AIG Highstar, and NJRES
entered into a Confidential Release and Settlement Agreement ("Settlement
Agreement") that settles all claims by and between the parties. Pursuant to its
terms, the Settlement Agreement is contingent upon the sale of the Stagecoach
Project to a third-party, presently anticipated to occur on or before April 30,
2005, as that date may be extended by the parties. Although the Settlement
Agreement terminates the Marketing Agreement and all rights and obligations
thereunder, NJRES is currently in discussions with the proposed purchaser of the
Stagecoach Project to provide some of the services provided under the Marketing
Agreement, including inventory management and optimization services. On March
21, 2005, eCORP withdrew, without prejudice, both its motion to dismiss or stay
the NJRES Complaint and its motion to remand the third-party complaint. The
parties will file stipulations dismissing this matter with prejudice upon
closing of the sale of the Stagecoach Project to a third-party. Should the
Project not be sold as anticipated, the parties will return to their
pre-Settlement Agreement positions.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEW JERSEY RESOURCES CORPORATION
Date: April 14, 2005 By: /s/ Glenn C. Lockwood
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Glenn C. Lockwood
Senior Vice President, Chief
Financial Officer and Treasurer