WALL, N.J., Sept. 11, 2003 — New Jersey Resources Corp. (NJR) announced the election of Alfred C. Koeppe, retiring president and chief operating officer of Public Service Electric and Gas Company (PSE&G), to the company’s board of directors.
Koeppe has over 34 years in the utility industry, having served as president of two of New Jersey’s largest utilities, Bell Atlantic New Jersey and PSE&G.
“We look forward to Al Koeppe’s extensive insights and experience as a member of our board,” said Laurence M. Downes. “He is a highly respected member of the business community and a leader in our state. His experience in all facets of the utility industry, combined with a strong personal commitment to employees and community service, will be invaluable to our Company. We are honored that he will be joining us,” Downes said.
A prominent member in New Jersey’s business, public service, and philanthropic worlds, Koeppe began his career with New Jersey Bell in 1969 in the operations department. He later became a trial attorney for the New Jersey Department of the Public Defender and for AT&T in the Department of Justice antitrust case.
In 1982, Koeppe returned to New Jersey Bell, and was elected president and chief executive officer in 1993. Koeppe joined PSE&G in October 1995 as senior vice president – external affairs and became president and chief operating officer in March 2000.
Koeppe is a member of the New Jersey and American Bar Associations and has received awards from numerous professional and civic organizations. In April 2003, Governor James E. McGreevey appointed him chairman of the New Jersey Economic Development Authority. He also serves as a Director of Horizon Blue Cross/Blue Shield of New Jersey. Koeppe received his B.A. from Rutgers University, Newark and his J.D. from Seton Hall University School of Law.
New Jersey Resources Corporation (NYSE: NJR), a Fortune 1000 company and a member of the Forbes Platinum 400, provides retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas (NJNG), is one of the fastest-growing local distribution companies in the United States, serving nearly 450,000 customers in central and northern New Jersey.
NJNG is the low-cost provider of natural gas in the state and ranks highest in customer satisfaction for the Eastern U.S. Region in the J.D. Power and Associates 2002 Gas Utility Residential Customer Satisfaction Study.SM
Other major NJR subsidiaries include NJR Energy Services and NJR Home Services. NJR Energy Services is an emerging leader in the unregulated energy services market, providing outstanding customer service and management of natural gas storage and capacity assets. NJR Home Services offers retail customers expert heating, air conditioning and appliance services. NJR’s progress is a tribute to the more than 5,000 dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make the company a leader in the competitive energy marketplace. More information on NJR can be found at njliving.com.
J.D. Power and Associates 2002 Gas Utility Residential Customer Satisfaction Study.SM Study based on a total of 9,126 consumer responses. In the Eastern U.S., the top 15 largest Gas Utility companies were ranked in the study.