<SEC-DOCUMENT>0000930413-15-004747.txt : 20151214
<SEC-HEADER>0000930413-15-004747.hdr.sgml : 20151214
<ACCEPTANCE-DATETIME>20151214104520
ACCESSION NUMBER:		0000930413-15-004747
CONFORMED SUBMISSION TYPE:	S-3ASR
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20151214
DATE AS OF CHANGE:		20151214
EFFECTIVENESS DATE:		20151214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW JERSEY RESOURCES CORP
		CENTRAL INDEX KEY:			0000356309
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				222376465
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		S-3ASR
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-208531
		FILM NUMBER:		151285037

	BUSINESS ADDRESS:	
		STREET 1:		1415 WYCKOFF RD
		STREET 2:		PO BOX 1468
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719
		BUSINESS PHONE:		7329381000

	MAIL ADDRESS:	
		STREET 1:		1415 WYCKOFF ROAD
		STREET 2:		P O BOX 1468
		CITY:			WALL
		STATE:			NJ
		ZIP:			07719
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3ASR
<SEQUENCE>1
<FILENAME>c83254_s3asr.htm
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<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; color:#ff163d; "><B>As filed with the Securities and Exchange Commission on December 14, 2015</B></FONT></P>
<P align="right" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Registration Statement No. 333- <font style="word-spacing: 1.33pc;">&nbsp;</font></B></FONT></P>
<P style="margin-top:3.2mm; font-size:0; margin-bottom:2pt; border-top:3pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:1pt solid ;">&nbsp;</P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:6.6mm; "><B>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION</B></FONT><FONT style="font-family:Times, serif; font-size:4.5mm; "><B><br>Washington, D.C. 20549</B></FONT></P>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:7.3mm; "><B>F</B></FONT><FONT style="font-family:Times, serif; font-size:5.2mm; "><B>ORM</B></FONT><FONT style="font-family:Times, serif; font-size:7.3mm; "><B> S-3</B></FONT><FONT style="font-family:Times, serif; font-size:4.5mm; "><B><br>REGISTRATION STATEMENT</B></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><br>UNDER</B></FONT><FONT style="font-family:Times, serif; font-size:4.5mm; "><B><br>THE SECURITIES ACT OF 1933</B></FONT></P>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:6.6mm; "><B>NEW JERSEY RESOURCES CORPORATION</B></FONT><FONT style="font-family:Times, serif; font-size:3.1mm; "><B><br>(Exact name of registrant as specified in its charter)</B></FONT></P>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="top">
    <TD style="width:48.81%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:48.81%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="top">
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      New Jersey</B></FONT><FONT style="font-family:Times, serif; font-size:3.1mm; "><B><br>(State or other jurisdiction of<br>incorporation or organization)</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      22-2376465</B></FONT><FONT style="font-family:Times, serif; font-size:3.1mm; "><B><br>(I.R.S. Employer<br>Identification Number)</B></FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>1415 Wyckoff Road<br>Wall, New Jersey 07719<br>(732) 938-1480</B></FONT><FONT style="font-family:Times, serif; font-size:3.1mm; "><B><br>(Address, including zip code, and telephone number,<br>including area code of registrant&#146;s principal executive offices)</B></FONT></P>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Mariellen Dugan<br>Senior Vice President and General Counsel<br>New Jersey Resources Corporation<br>1415 Wyckoff Road<br>Wall, New Jersey 07719<br>(732) 938-1489</B></FONT><FONT style="font-family:Times, serif; font-size:3.1mm; "><B><br>(Name, address, including zip code, and telephone number,<br>including area code, of agent for service)</B></FONT></P>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:2.8mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Copies to:</I></B></FONT></P>
<P align="center" style="margin:2.8mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.5mm; "><B>David I. Meyers, Esq.<br>Troutman Sanders LLP<br>Troutman Sanders Building<br>1001 Haxall Point<br>Richmond, Virginia 23219</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Approximate date of commencement of proposed sale to public: </I></B>As soon as practicable after this Registration Statement becomes effective.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">x</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">x</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule&nbsp;413(b) under the Securities Act, check the following box. </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. (Check&nbsp;one):</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="bottom">
    <TD style="width:22.71%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:48.39%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:26.52%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Large accelerated filer </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">x</font></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> </FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Accelerated filer </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P></TD>
  </TR>
  <TR valign="bottom">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Non-accelerated filer </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> </FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(Do not check if a smaller reporting company)</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Smaller reporting company </FONT><FONT style="font-family:sans-serif; font-size:3.8mm; "><font face="Wingdings">o</font></FONT></P></TD>
  </TR>
</TABLE>
<P style="margin-top:4.2mm; font-size:0; margin-bottom:2pt; border-top:1pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:3pt solid ;">&nbsp;</P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>CALCULATION OF REGISTRATION FEE</B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="bottom">
    <TD style="width:50.87%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:9.78%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:10.14%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:11.43%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:13.02%;" align="center"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="9" align="center" style="border-top:double Black; "><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD align="center">
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Title of Each Class of<br>Securities To Be Registered</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Amount to<br>be Registered</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Proposed<br>Maximum<br>Offering Price<br>per Unit</B></FONT><FONT style="font-family:Times, serif; font-size:2.1mm; "><SUP><B>(2)</B></SUP></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Proposed<br>Maximum<br>Aggregate<br>Offering Price</B></FONT><FONT style="font-family:Times, serif; font-size:2.1mm; "><SUP><B>(2)</B></SUP></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Amount of<br>Registration Fee</B></FONT><FONT style="font-family:Times, serif; font-size:2.1mm; "><SUP><B>(3)</B></SUP></FONT></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="9" align="center" style="border-top:solid .27mm Black; "><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Common Stock, par value $2.50 per share</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5,000,000</FONT><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>(1)</SUP></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $29.27</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $146,350,000</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $13,188</FONT></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="9" align="center" style="border-top:double Black; "><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:11pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>
      (1)</SUP></FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      In accordance with Rule 416(a), this Registration Statement will also cover any additional shares of Common Stock that become available under the Company&#146;s Direct Stock Purchase and Dividend Reinvestment Plan by reason of any stock dividend, stock split or other similar transaction.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:11pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>
      (2)</SUP></FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Estimated solely for the purpose of determining the registration fee, based upon the average of the high and low sale prices of the Registrant&#146;s Common Stock as reported by the New York Stock Exchange on December 10, 2015, pursuant to Rule 457(c).</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:11pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>
      (3)</SUP></FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Pursuant to Rule 415(a)(6), this Registration Statement includes 525,892 shares of Common Stock that were previously registered by the Registrant under Registration Statement No. 333-186215 on Form&nbsp;S-3ASR (the &#147;Prior Registration Statement&#148;) filed with the Commission on January 25, 2013, but
      that were unsold as of the date hereof. The filing fee of $13,188 being paid herewith relates to the 4,474,108 newly registered shares of Common Stock. The offering of securities on the Prior Registration Statement will be deemed terminated as of the date hereof.</FONT></P>
    </TD>
  </TR>
</TABLE>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>

<PAGE>

<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>PROSPECTUS</B></FONT></P>
<P align="center" style="margin:6.3mm 0 4.2mm; "><img src="c83254xnjxlogo.jpg" style="margin:0 0 0 0; border:   ;"></P>
<P align="center" style="margin:3.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:4.9mm; "><B>NEW JERSEY RESOURCES CORPORATION<br>DIRECT STOCK PURCHASE AND DIVIDEND REINVESTMENT PLAN<br>5,000,000 SHARES OF COMMON STOCK</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">New Jersey Resources Corporation (the &#147;Company&#148; or &#147;NJR&#148;) is offering its common stock, par value $2.50 per share (the &#147;Common Stock&#148;), through the NJR Direct Stock Purchase and Dividend Reinvestment Plan, which we refer to as <I>&#147;NJR Direct&#148; </I>or the &#147;Plan.&#148; <I>NJR Direct </I>is a direct stock
  purchase and dividend reinvestment plan that provides new eligible investors the opportunity to make an initial investment in shares of Common Stock and for existing shareowners to invest in additional shares of Common Stock or reinvest all or some of their Common Stock cash dividends.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">As a participant in <I>NJR Direct </I>you can:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      purchase our Common Stock in a convenient manner without incurring brokerage commissions or transaction/processing fees,</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      build your investment over time, starting with as little as $100,</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      increase your holdings in NJR by reinvesting all or some of your cash dividends in our Common Stock,</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      purchase our Common Stock at up to a 3% discount if we, in our sole discretion, determine to provide newly issued or treasury shares of Common Stock for purchase at a discount,</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      invest automatically with optional withdrawals from your bank account; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      benefit from maintenance of shares of Common Stock in book-entry form and detailed recordkeeping and reporting, provided at no charge to you.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You do not have to be a current shareowner of NJR to participate in the Plan. You can purchase your first shares of Common Stock through <I>NJR Direct </I>by making an initial investment of not less than $100 and not more than $100,000 per calendar year. In certain circumstances, we may permit greater
  investments.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Eligible employees of the Company and its direct and indirect subsidiaries may also participate in the Plan through automatic payroll deductions.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">This prospectus describes and constitutes <I>NJR Direct.</I> This prospectus relates to 5,000,000 shares of Common Stock offered for purchase under <I>NJR Direct.</I> Our Common Stock trades on the New&nbsp;York Stock Exchange (the &#147;NYSE&#148;) under the symbol &#147;NJR.&#148; On December 9, 2015, the closing price of
  our Common Stock was $29.66 per share.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Please read this prospectus carefully and keep it for future reference. If you have any questions about <I>NJR Direct</I>, please call the Plan Administrator, Wells Fargo Shareowner Services (a division of Wells Fargo Bank, N.A.), at 1-800-817-3955 between 8:00 a.m. and 8:00 p.m., Eastern Time, on any
  business day.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Investing in our Common Stock involves risks. Before buying our Common Stock, you should read carefully the Risk Factors described on page 6 of this prospectus and in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended
  September&nbsp;30, 2015, as well as the risks discussed in this prospectus.</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION
  TO THE CONTRARY IS A CRIMINAL OFFENSE.</B></FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The date of this prospectus is December 14, 2015.</FONT></P>
<P style="margin-top:2.1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-left:40%; margin-right:40%; border-top:0.50pt solid ;">&nbsp;</P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>

<PAGE>

<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_about1>ABOUT THIS PROSPECTUS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">This document is called a prospectus and is part of a registration statement that we filed with the Securities and Exchange Commission (the &#147;Commission&#148;) relating to the shares of Common Stock offered under the Plan. This prospectus does not include all of the information in the registration
  statement. The registration statement containing this prospectus, including exhibits to the registration statement, provides additional information about New Jersey Resources Corporation, the Plan, and the securities offered. The registration statement can be read at the Commission website or at the
  Commission office mentioned under the heading &#147;Where You Can Find More Information.&#148;</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">This document supersedes all prior Plan prospectuses and Plan prospectus supplements.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">When acquiring any shares of Common Stock discussed in this prospectus, you should rely only on the information provided in this prospectus, including the information incorporated by reference. We have not authorized anyone to provide you with different information. We are not offering the
  securities in any state or jurisdiction where the offer is not permitted. You should not assume that the information in this prospectus or any document incorporated by reference is accurate and complete as of any date other than the date on the front cover page of those documents. Unless otherwise
  mentioned or unless the context requires otherwise, (i) all references in this prospectus to &#147;New Jersey Resources,&#148; &#147;NJR,&#148; &#147;we,&#148; &#147;us,&#148; &#147;our&#148; or similar references mean New Jersey Resources Corporation and its subsidiaries, and (ii) all references in this prospectus to &#147;stock,&#148; &#147;our stock,&#148; &#147;NJR stock,&#148;
  &#147;your stock,&#148; or &#147;shares of Common Stock,&#148; refer to our Common Stock.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_where1>WHERE YOU CAN FIND MORE INFORMATION</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We file reports, proxy statements and other information with the Commission. You may obtain copies of this information by mail from the Public Reference Room of the Commission, 100&nbsp;F Street, N.E., Room 1518, Washington, D.C. 20549, at prescribed rates. Further information on the operation of
  the SEC&#146;s Public Reference Room can be obtained by calling the Commission at 1-800-SEC-0330. The Commission also maintains a website at <I>www.sec.gov </I>that contains reports, proxy and other information regarding registrants like us that file electronically. Reports, proxy statements and other
  information concerning us also may be inspected at the offices of the NYSE, 20 Broad Street, New York, New York 10005.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We also maintain a website at <I>www.njresources.com </I>that contains information concerning us and our affiliates. The information on our website is not incorporated in this prospectus, and you should not consider it a part of this prospectus.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_incorporation1>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The following documents filed with the Commission (File No. 001-8359) are incorporated herein by reference:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      NJR&#146;s Annual Report on Form 10-K for the fiscal year ended September 30, 2015; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      NJR&#146;s Registration Statement on Form 8-A, dated June 15, 1982, as updated by pertinent information furnished in subsequent reports filed pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;).</FONT></P>
    </TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">3</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">All documents filed by NJR with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this prospectus and prior to the termination of the offering of the Common Stock offered hereby will be deemed to be incorporated by reference in this
  prospectus and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained
  herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">NJR hereby undertakes to provide without charge to each person to whom a copy of this prospectus has been delivered, upon the written or oral request of any such person, a copy of any or all of the documents referred to above which have been or may be incorporated by reference in this
  prospectus, other than exhibits to such documents not specifically incorporated by reference therein. Requests for such copies should be directed to Ms. Rhonda Figueroa, Corporate Secretary, New&nbsp;Jersey Resources Corporation, 1415 Wyckoff Road, Wall, New Jersey 07719, telephone number (732)&nbsp;938-
  1049.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_information1>INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We have included or incorporated by reference certain information in this prospectus which is &#147;forward-looking information&#148; as defined by the Private Securities Litigation Reform Act of 1995. Examples include discussions as to our expectations, beliefs, plans, goals, objectives and future financial or
  other performance or assumptions concerning matters incorporated by reference herein or discussed in this prospectus.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Factors that could cause actual results to differ from those in the forward-looking statements may accompany the statements themselves. In addition, our business is influenced by many factors that are difficult to predict, involve uncertainties that may materially affect actual results and are often
  beyond our ability to control. We have identified and will in the future identify a number of these generally applicable factors in our reports on Forms 10-K, 10-Q and 8-K incorporated by reference herein or in other offering materials. We refer you to those discussions for further information.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Any forward-looking statement speaks only as of the date on which it is made. While NJR periodically reassesses material trends and uncertainties affecting our results of operations and financial condition in connection with its preparation of management&#146;s discussion and analysis of results of
  operations and financial condition contained in its Quarterly and Annual Reports, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">See &#147;Where You Can Find More Information&#148; on page 3.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">4</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_about2>ABOUT NEW JERSEY RESOURCES CORPORATION</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">NJR is a New Jersey corporation formed in 1981 pursuant to a corporate reorganization. NJR provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management. With annual revenues in excess of $3 billion, NJR is comprised of five primary
  businesses:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      New Jersey Natural Gas </B>is NJR&#146;s principal subsidiary that operates and maintains over 7,000&nbsp;miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey&#146;s Monmouth, Ocean and parts of Morris and Middlesex counties.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      NJR Energy Services </B>manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services to its customers across North America.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      NJR Clean Energy Ventures </B>invests in, owns and operates solar and onshore wind projects with a total capacity of over 195 megawatts, providing residential and commercial customers with low-carbon solutions.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      NJR Midstream </B>serves customers from local distributors and producers to electric generators and wholesale marketers through its equity ownership in a natural gas storage facility and its stake in Dominion Midstream Partners, L.P.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      NJR Home Services </B>provides heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to residential homes and businesses throughout New Jersey and serves approximately 117,000 service contract customers.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">For more information about NJR, visit our website at <I>www.njresources.com. </I>Except for documents specifically incorporated into this prospectus, the information contained in, or that can be accessed through, our website is not a part of this prospectus.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">NJR&#146;s principal offices are located at 1415 Wyckoff Road, Wall, New Jersey 07719, and its telephone number is (732) 938-1480.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">5</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_risk1>RISK FACTORS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Investing in our Common Stock involves risk. Before you decide to participate in the Plan, you should carefully consider the risks, uncertainties, and any cautionary language or other information in this prospectus or incorporated by reference in this prospectus, including the information in Part&nbsp;I, Item
  1A. Risk Factors, in our most recent Annual Report on Form 10-K, in our Quarterly Reports on Form 10-Q filed since our most recent Annual Report on Form 10-K, and in the other documents incorporated by reference into this prospectus (which risk factors are incorporated by reference herein). See
  &#147;Where You Can Find More Information&#148; on page 3. The risks described in those reports and the risks set forth herein are those that we consider to be the most significant to your decision whether to invest in shares of Common Stock through the Plan. If any of the events described therein occurs, our
  business, financial condition or results of operations could be materially harmed. In addition, there are risks associated with participation in the Plan, as described below.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Risks Relating to Participation in the Plan</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>You will not know the price of the shares of Common Stock you are purchasing under the Plan at the time you authorize the investment or elect to have your dividends reinvested.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The price of our shares of Common Stock may fluctuate between the time you decide to purchase shares of Common Stock under the Plan and the time of actual purchase. In addition, during this time period, you may become aware of additional information that might affect your investment
  decision, but you may not be able to change or cancel your purchase authorization. You may purchase shares of Common Stock at a purchase price that is more or less than the price that you would pay if you acquired shares of Common Stock on the open market on the related dividend payment date
  or the date or dates on which the Plan Administrator purchases shares of Common Stock for the Plan. In addition, you may not know the actual number of shares of Common Stock that you have purchased until after the applicable purchase date.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>You will not be able to direct the specific time or price at which your shares of Common Stock are sold under the Plan.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If you instruct the Plan administrator to sell shares of Common Stock under the Plan, you will not be able to direct the time and price at which your shares of Common Stock are sold. The price of our shares of Common Stock may decline between the time you decide to sell shares of Common
  Stock and the time of actual sale. You may sell shares of Common Stock under the Plan at a sales price that is more or less than the price that you would receive if you sold shares of Common Stock on the open market on the date or dates on which the Plan Administrator sells shares of Common
  Stock for the Plan. In addition, you cannot pledge shares of Common Stock deposited in your Plan account until the shares of Common Stock are withdrawn from the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>We have not established a minimum dividend payment level for our Common Stock, and there are no assurances of our ability to pay dividends on our Common Stock in the future.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We have not established a minimum dividend payment level for our Common Stock. Further, our ability to pay dividends may be harmed by the risk factors described herein and in our most recent Annual Report on Form 10-K and other reports incorporated by reference herein. All distributions to
  our common shareowners will be made at the discretion of our Board of Directors </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">6</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">and will depend on our earnings, our financial condition, and such other factors as our Board of Directors may deem relevant from time to time. There are no assurances of our ability to pay dividends in the future.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>There is no price protection for your shares of Common Stock in the Plan.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Your investment in the shares of Common Stock held in the Plan will be exposed to changes in market conditions and changes in the market value of the shares of Common Stock. Your ability to liquidate or otherwise dispose of shares of Common Stock in the Plan is subject to the terms of the
  Plan and the withdrawal procedures thereunder. You may not be able to withdraw or sell your shares of Common Stock in the Plan in time to react to market conditions. Plan accounts are not insured or protected by the Securities Investor Protection Corporation or any other entity and are not
  guaranteed by the Federal Deposit Insurance Corporation or any government agency.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>You will not receive interest on funds submitted to the Plan Administrator.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">No interest will be paid by us or the Plan Administrator on dividends or optional cash payments held pending reinvestment or investment. In addition, optional cash payments of less than applicable minimum amounts and that portion of any optional cash payment which exceeds the maximum
  transaction purchase limit of $100,000 (unless this upper limit has been waived), are subject to return to you without interest.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">7</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_description1>DESCRIPTION OF THE PLAN</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The following questions and answers explain the provisions of the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Purpose</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>1. <I>What is the purpose of the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The purpose of the Plan is to promote long-term ownership in NJR by providing a simple, economical, and convenient way for eligible investors to make initial and continuing investments in our Common Stock without payment of any brokerage fee, commission or other service charge in connection
  with the purchase of such Common Stock. The Plan also provides participants with safekeeping of certificates and a convenient way to transfer and sell Common Stock.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Features</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>2. <I>What are some of the features of the Plan?</I></B></FONT></P>
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    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
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    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Initial Investment/Enrollment. </B>If you are not currently a shareowner, you can make an initial investment in the Common Stock, starting with as little as $100. The Company will pay any brokerage fee, commission or other service charge in connection with the purchase of shares of Common Stock
      through the Plan. You will, in all events, be responsible for brokerage fees or commissions payable on the sale of shares of Common Stock and any tax (see Question&nbsp;15).</FONT></P></TD>
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    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Optional Cash Investments. </B>Participants in the Plan may invest up to an additional $100,000 per calendar year (minimum optional cash investment $25) through optional cash payments for shares of Common Stock. In its sole discretion, NJR may permit investments greater than $100,000 in a
      calendar year (see Question 23).</FONT></P></TD>
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    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Automatic Reinvestment of Dividends. </B>You can also increase your holdings of Common Stock through automatic reinvestment of all or some of your cash dividends. You can elect to reinvest all or a percentage of your dividends in Common Stock. Plan participants may have cash dividends that are
      not reinvested deposited directly into a designated account with a United States or Canadian financial institution (see Question 8).</FONT></P></TD>
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    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Automated Transactions. </B>You can execute many of your Plan transactions online at shareowneronline.com or by phone if you have established automated privileges (see Question&nbsp;26).</FONT></P></TD>
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    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Share Safekeeping.</B> You can deposit your Common Stock certificates for safekeeping by the Plan Administrator (see Question 33).</FONT></P></TD>
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    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Employee Payroll Deduction.</B> Employees of NJR and its subsidiaries may also invest in shares of Common Stock through automatic payroll deductions (see Question 13).</FONT></P></TD>
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    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
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    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Minimum Share Balance Requirement. </B>Participants must maintain a balance of at least one share to keep their NJR Direct account open. New participants are allowed 6 months from enrollment to invest enough to reach the required minimum share balance. The Plan Administrator reserves the
      right to sell, without prior notification; all shares of Common Stock in an account in which the share balance fails to meet the minimum requirement after 6 months of participation in <I>NJR Direct </I>(see Question 11).</FONT></P>
    </TD>
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<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">8</FONT></P>
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<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Please see &#147;Risk Factors&#148; on page 6 for the potential disadvantages of participating in the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Administration</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>3. <I>Who administers the Plan for participants?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Wells Fargo Shareowner Services, a division of Wells Fargo Bank N.A. (the &#147;Plan Administrator&#148;), administers the Plan as agent for the participating shareowners, keeps records, sends statements of account to participants and performs other duties relating to the Plan. Common Stock purchased
  under the Plan will be registered in the name of Wells Fargo Shareowner Services, as Plan Administrator, or Wells Fargo Shareowner Services&#146; nominee as agent for participants in the Plan. Wells Fargo Shareowner Services is the transfer agent and registrar for the Common Stock.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Any correspondence regarding the Plan should be directed to the Plan Administrator through one of the below methods (except for optional cash payments, which should be submitted in the manner described in the response to Question 24).</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Contact Information</B></FONT></P>
<P style="margin:3.5mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Internet</B></FONT></P>
<P style="margin:3.5mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>shareowneronline.com</I></B></FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Available 24 hours a day, 7 days a week for access to account information and answers to many common questions and general inquiries.</FONT></P>
<P style="margin:2.8mm 0 0 21.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>To enroll in the Plan:</B></FONT></P>
<P style="margin:2.8mm 0 0 21.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>If you are an existing registered shareowner:</I></FONT></P>
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    <TD style="width:17pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      1.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Go to <B><I>shareowneronline.com</I></B></FONT></P></TD>
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    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      2.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Select <B>Sign Up Now!</B></FONT></P></TD>
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    <TD style="width:80.04pt;">&nbsp;</TD>
    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      3.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Enter your Authentication ID* and Account Number</FONT></P>
    </TD>
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<P style="margin:2.1mm 0 0 35.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">*If you do not have your Authentication ID, select <B>I do not have my Authentication ID</B>. For security, this number is required for first time sign on.</FONT></P>
<P style="margin:2.8mm 0 0 21.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>If you are a new investor:</I></FONT></P>
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    <TD style="width:17pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      1.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Go to <B>shareowneronline.com</B></FONT></P></TD>
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    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
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    <TD style="width:80.04pt;">&nbsp;</TD>
    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      2.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Under <B>Invest in a Plan</B>, select <B>Direct Purchase Plan</B></FONT></P></TD>
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    <TD style="width:80.04pt;">&nbsp;</TD>
    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      3.</FONT></P></TD>
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    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Select <B>New Jersey Resources Corporation</B></FONT></P></TD>
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    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      4.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Under <B>New Investors, </B>select <B>Invest Now</B></FONT></P></TD>
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    <TD style="width:80.04pt;">&nbsp;</TD>
    <TD style="width:17pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5.</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Follow instructions on the <B>Buy Shares</B></FONT></P>
    </TD>
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<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Email</B></FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Go to <B><I>shareowneronline.com </I></B>and select <B>Contact Us.</B></FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">9</FONT></P>
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<P style="margin:4.2mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Telephone</B></FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">1-800-817-3955 Toll-Free<br>651-450-4064 outside the United States</FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Shareowner Relations Specialists are available Monday through Friday, from 8:00 a.m. to 8:00 p.m. Eastern Time.</FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You may also access your account information 24 hours a day, 7 days a week using our automated voice response system.</FONT></P>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Written correspondence and deposit of certificated shares*</B>:</FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Wells Fargo Shareowner Services<br>P.O. Box 64856<br>St. Paul, MN 55164-0856</FONT></P>
<P style="margin:3.5mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Certified and overnight delivery</B></FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Wells Fargo Shareowner Services<br>1110 Centre Pointe Curve, Suite 101<br>Mendota Heights, MN 55120-4100</FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">*If sending in a certificate for deposit, see Terms and Conditions for Certificate Deposit and Withdrawal information.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Participation</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>4. <I>Who is eligible to participate?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Any person or entity, other than an employee benefit plan or trust within the meaning of the Employee Retirement Income Security Act of 1974, as amended (&#147;ERISA&#148;) or a plan within the meaning of Section 4975 of the Internal Revenue Code of 1986, as amended (&#147;Code&#148;) (such as an individual
  retirement account), is eligible to participate in the Plan, whether or not you currently own Common Stock. If you live outside the United States, you should make sure that participation will not violate any laws or regulations in the country in which you reside. We reserve the right to terminate the
  participation of any shareowner if we deem it advisable to avoid any issues under ERISA or Section 4975 of the Code or under any domestic or foreign laws or regulations.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>5. <I>Can beneficial owners who are not record shareowners participate?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Some beneficial owners have their shares of Common Stock held by a bank, broker, or other nominee. Certain nominees may permit the beneficial owners to reinvest their dividends in shares of Common Stock under the Plan. PARTICIPATION IN THE PLAN THROUGH BROKERS MAY BE
  ON TERMS AND CONDITIONS WHICH DIFFER FROM THOSE SET FORTH IN THIS PROSPECTUS, IN WHICH CASE THE TERMS AND CONDITIONS SET BY EACH SUCH BROKER WILL GOVERN. NJR will not be responsible for the terms of any such participation, including the
  tax consequences thereof. The term &#147;participant&#148; as used in this prospectus refers to shareowners of record participating directly in the Plan.</FONT></P>
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<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>6. <I>How do I participate?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Current shareowners holding in their own name. </I></B>If you currently own shares of Common Stock and the shares of Common Stock are registered in your name, you may join the Plan online by phone (see Question 26), going online (see Question 27), or by signing an Account Authorization Form and
  returning it to the Plan Administrator. Account Authorization Forms may be obtained online at shareowneronline.com, by phone or by submitting a written request to the Plan Administrator (see Question 3, <B>Contact Information). </B>Once a shareowner becomes a participant in the Plan, the dividends on
  such shareowner&#146;s shares of Common Stock will be automatically reinvested on an ongoing basis.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Current shareowners holding through a bank, broker, or other nominee. </I></B>If you currently own shares of Common Stock and the shares of Common Stock are registered in the name of a bank, broker or other nominee, arrange for the bank, broker or other nominee to register in your name the
  number of shares of Common Stock that you want to include in the Plan. You can then enroll as a shareowner of record, as described above. Once the Plan Administrator receives your transferred shares of Common Stock from your brokerage account, you will receive an account statement and Account
  Authorization Form. Alternatively, if you do not want to re-register your shares of Common Stock, you can enroll in the Plan in the same manner as someone who is not currently an NJR shareowner, as described below. This will create a registered account in addition to your brokerage/bank account. In
  addition, certain nominees may permit beneficial owners to reinvest their dividends in shares of Common Stock under the Plan while the shares of Common Stock are held in the name of the nominee, as described in the response to Question 5.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>New investors who are not current shareowners. </I></B>If you do not currently own shares of Common Stock, you may join the Plan by going online (see Question 27) or by signing an Account Authorization Form and returning it to the Plan Administrator. Account Authorization Forms may be obtained
  online at <I>shareowneronline.com</I>, by phone or by submitting a written request to the Plan Administrator (see Question 3, <B>Contact Information).</B> Your initial purchase must accompany the <I>Account Authorization Form </I>in the manner described in the response to Question 22.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>7. <I>When may a shareowner or new investor join the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Current shareowners or new investors may join the Plan at any time.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If the Account Authorization Form is received by the Plan Administrator on or before a given dividend record date, that dividend will be used to purchase new shares of Common Stock for the shareowner. If the Account Authorization Form is received by the Plan Administrator after a given
  dividend record date, that dividend will be paid in cash and the reinvestment of the shareowner&#146;s dividends will commence with the following dividend. Any optional cash payments sent by the shareowner, however, will be invested as set forth in the response to Question 19. The dividend record date is
  typically two to three weeks prior to the dividend payment dates. Dividend payment dates typically are on or about the first day of January, April, July and October.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">For example, in the case of a July 1 dividend payment, if the Account Authorization Form is received by the Plan Administrator on or before June 15 (the anticipated record date for that dividend payment date), the July dividend payment would be reinvested. If the Account Authorization Form is
  received after June 15, the first dividend reinvested would be the October dividend.</FONT></P>
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<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>8. <I>What are my investment options under the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Account Authorization Form provides options for shareowners to participate in the Plan. As a participant in the Plan, you may elect to reinvest all or part of the dividends on your Common Stock for the purchase of additional shares of Common Stock. You must select one of the dividend
  options on the Account Authorization Form. If you complete and return an Account Authorization Form without selecting a dividend option, your dividends will automatically be fully reinvested to purchase additional shares of Common Stock.</FONT></P>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Full Dividend Reinvestment (RD)&#151;</I></B></FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">All cash dividends payable on shares of Common Stock held in the Plan, along with any shares of Common Stock held in physical certificate form or through book-entry Direct Registration Shares (DRS), will be used to purchase additional shares of Common Stock. The participant will not receive
  cash dividends; instead, all dividends will be reinvested. Whole and fractional shares of Common Stock will be allocated to the Plan account.</FONT></P>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Partial Dividend Reinvestment (RX-N)&#151;</I></B></FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant may elect to reinvest a portion of the dividend and receive the remainder in cash. The percentage elected will be applied against the total shares of Common Stock held in the Plan, along with any shares of Common Stock held in physical certificate form or held through DRS. A
  participant may elect percentages from 10%&#150;90%, in increments of 10%. The cash portion of dividends not reinvested will be sent by check unless the participant has elected to have those dividends deposited directly to a designated bank account.</FONT></P>
<P style="margin:2.1mm 0 0 14.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>An example of partial reinvestment by percentage: </I>A participant has a total of 150 shares of Common Stock; 120 shares of Common Stock are held in the Plan, 15 in physical certificate form and 15 shares of Common Stock in DRS. The participant chooses to have 50% of the total dividend
  reinvested. This will equate to 75 shares of Common Stock having dividends reinvested and 75 shares of Common Stock having dividends paid in cash.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You may also send in optional cash with any of the above options.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">To authorize automatic bank deposit of cash dividends, complete a Direct Deposit of Dividends Authorization Form, which is available online (see Question 27) or upon request from Wells Fargo Shareowner Services. You may change your reinvestment option at any time online (see Question&nbsp;27), by
  calling (see Question 26), or by sending a new <I>Account Authorization Form </I>to Wells Fargo Shareowner Services. Notices received on or before a dividend record date will be effective for that dividend. Notices received after a dividend record date will not be effective until after that dividend has been
  paid.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>9. <I>How are dividend amounts determined?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The payment of dividends is at the discretion of the Company&#146;s Board of Directors and will depend upon future earnings, the financial condition of the Company and other factors. The Board of Directors may change the amount and timing of dividends at any time without notice.</FONT></P>
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<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>10. <I>If I join the Plan, must I contribute every month?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">No. Optional cash payments under the Plan are entirely voluntary and within the discretion of the participant. If made, however, they must be in a lump sum amount of at least $25 and may not exceed $100,000 per calendar year. In its sole discretion, NJR may permit investments greater than
  $100,000 in a calendar year (See Question 23).</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>11. <I>If I join the Plan, must I own a minimum number of shares of Common Stock?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Yes. Participants must maintain a balance of at least one share to keep their Plan account open.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Current participants in the NJR Automatic Dividend Reinvestment Plan are allowed 6 months from the date of this prospectus to invest enough to reach the required one-share minimum balance. New participants who join the Plan after the date of this prospectus are allowed 6 months from
  enrollment to invest enough to reach the required minimum balance. The Plan Administrator reserves the right to sell, without prior notification, all shares of Common Stock in an account in which the share balance fails to meet the minimum requirement after the applicable period of participation in the
  Plan. NJR may, at its discretion, waive this requirement for a Plan account.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>12. <I>How does an employee participate?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">An eligible employee may join the Plan at any time by completing the Employee Authorization Form and returning it to the Company. Employee Authorization Forms may be obtained by request to the Company, Attention: Human Resources or on the Company&#146;s intranet. If you are an employee
  who is not a registered holder of shares of Common Stock and wish to participate in the Plan, or do not wish to participate through payroll deduction, you may participate as a new investor (See Question 7). Special limitations apply to Section 16 officers and employees or affiliates of the Company.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>13. <I>What about payroll deductions?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Payroll deduction authorizations may continue for an indefinite period. An employee may specify on the Employee Authorization Form the weekly amount to be withheld from the employee&#146;s pay. The minimum weekly deduction is $2.50 and the maximum deduction permitted is 10% of the
  employee&#146;s base gross weekly pay.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>14. <I>How does an employee change the amount of payroll deduction or method of participation?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">An employee may change or terminate his or her payroll deductions or method of participation in the Plan by giving written notice to the Company, Attention: Human Resources. The Employee Authorization Form may be used for this purpose. Any requested change in or termination of payroll
  deductions will become effective as soon as administratively possible following receipt by the Company of the employee&#146;s request. Employees should consider the Company&#146;s Policy Regarding Purchase and Sale of Company Securities before making a change to, or terminating, payroll deductions or
  method of participation in the Plan as such modifications may be prohibited under certain circumstances.</FONT></P>
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<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>15. <I>What are the costs to persons who participate in the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">There are no expenses charged to participants in connection with purchases of shares of Common Stock under the Plan. All costs of administering the Plan and any brokerage fees, commissions or other service charges incurred as a result of open market purchases of shares of Common Stock will be
  paid by NJR; however, you will be required to pay brokerage fees and commissions and any tax for sales of shares of Common Stock by the Plan Administrator pursuant to the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Purchases</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>16. <I>What is the source of shares of Common Stock purchased under the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Shares of Common Stock purchased under the Plan will, at NJR&#146;s option, be (i) purchased directly from us from our authorized but unissued shares of Common Stock or treasury shares of Common Stock or (ii) shares of Common Stock purchased in the open market or in privately negotiated
  transactions, or (iii) a combination of the foregoing. The Plan Administrator has full discretion as to all matters relating to open market purchases, including determination of the broker or brokers to be used, the number of shares of Common Stock, if any, to be purchased on any day or at any time of
  day, the price paid for such shares of Common Stock, the markets on which shares of Common Stock are purchased (including on any securities exchange, in the over-the-counter market or in negotiated transactions) and the persons (including brokers and dealers) from or through whom such purchases
  are made. The Plan Administrator may grant a broker discretion as to any or all of the matters described above.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>17. <I>What is the purchase price of shares of Common Stock purchased under the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(a) <I>Shares of Common Stock Purchased in the Open Market. </I>The purchase price of shares of Common Stock purchased in the open market will be the average price of all shares of Common Stock purchased during the relevant &#147;Purchase Period.&#148; &#147;Purchase Period&#148; as used in this prospectus means
  (i) in the case of shares of Common Stock purchased with reinvested dividends, a period not to exceed 30 days, beginning with the dividend payment date, and (ii) in the case of shares of Common Stock purchased with optional cash payments or payroll deductions, a period not to exceed five days,
  beginning on the first and the fifteenth day of each month (in each case the &#147;Cash Payment Purchase Date,&#148; as defined in the response to Question 25).</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(b) <I>Newly Issued Shares of Common Stock Purchased from the Company. </I>The purchase price of shares of Common Stock purchased directly from the Company will be the unsolicited volume weighted average price, rounded to four decimal places, of our Common Stock as reported by the NYSE
  only, obtained from Bloomberg, LP for the trading hours from 9:30 a.m. to 4:00 p.m., Eastern Time (including the last trade on the NYSE even if reported after 4:00 p.m.). If the NYSE is not open on a purchase date, the price will be calculated on the next succeeding trading date. We may determine, in
  our sole discretion, to provide newly issued or treasury shares of Common Stock for purchase at a discount of up to 3%. Until we notify participants that shares of Common Stock under the Plan will be purchased directly from NJR at a discount, no such discount will apply.</FONT></P>
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<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>18. <I>How will NJR determine whether or not to provide newly issued or treasury shares of Common Stock for purchase at a discount of up to 3%?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Whether or not we provide newly issued or treasury shares of Common Stock for purchase at a discount of up to 3% is at our sole discretion. While we may determine to offer or to not offer a discount on any basis, we anticipate that any such decision will be based upon certain factors, including,
  but not limited to, prevailing market conditions, the level of participation in the Plan, our current and projected capital needs, and available sources of capital.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>19. <I>When will shares of Common Stock be purchased under the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">When shares of Common Stock are purchased on the open market with reinvested dividends, such shares of Common Stock will be purchased each quarter beginning on the dividend payment date and may continue to be purchased through the following 30 days. The Company typically pays
  dividends on its Common Stock on or about the 1st of January, April, July, and October. When the shares of Common Stock are purchased on the open market with optional cash payments and payroll deductions, such shares of Common Stock will be purchased on the first and the fifteenth day of each
  month beginning on the Cash Payment Purchase Date (as defined in the response to Question 25) and no later than 35 trading days, except where postponement is necessary to comply with Regulation M under the Securities Exchange Act of 1934 or other applicable provisions of securities law.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">When shares of Common Stock are purchased with reinvested dividends directly from the Company, such shares of Common Stock will be purchased on the dividend payment date. When shares of Common Stock are purchased directly from the Company with optional cash payments and payroll
  deductions, such shares of Common Stock will be purchased on the Cash Payment Purchase Date.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>20. <I>How many shares of Common Stock will be purchased for you?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The number of shares of Common Stock to be purchased depends on the amounts of your dividend, optional cash payments or payroll deductions, and the price of the shares of Common Stock determined as provided in the response to Question 17. Your account will be credited with the number of
  shares of Common Stock, including fractions computed to three decimal places, equal to the amount of your cash dividend and the amount of your optional cash payment or payroll deductions, if any, divided by the purchase price per share (see Question 17).</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>21. <I>When will shares of Common Stock be credited to my account?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Shares of Common Stock will be credited to your account as of the day the purchase price for all shares of Common Stock to be purchased during the relevant Purchase Period has been determined.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>22. <I>How are initial purchases made?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant making his or her initial purchase of Common Stock through the Plan should submit a check in an amount not less than $100 or more than $100,000, together with an Account Authorization Form to the Plan Administrator. Participants will be charged a return fee on any returned
  checks. Alternatively, a new participant may arrange to have the purchase price deducted </FONT></P>
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<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">from a designated account in a United States or Canadian financial institution in U.S. Dollars. Investors may not invest more than $100,000 per calendar year unless a waiver is granted by NJR (see Question 23). The Plan Administrator will return any excess tendered amount to the investor. Purchases
  will be made on behalf of a new participant in the Plan as soon as administratively possible, following the Plan Administrator&#146;s receipt of the payment and Account Authorization Form from the participant. No interest is paid on initial purchase payments pending investment. The Plan Administrator will
  return an initial purchase payment to an investor upon telephone or written request received at least three business days prior to the investment date.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>23. <I>May I invest more than the maximum of $100,000?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Waiver Requests.</I> We reserve the right to waive the $100,000 limit on initial and optional cash investments upon request by an investor, but it will be entirely within our sole discretion as to whether and under what circumstances any request for such a waiver will be approved. If your request is
  approved, your transaction will be processed under the same terms, conditions, timing and discount (if any) as any optional cash investment under our Plan. Optional investments that do not exceed the $100,000 limit will not be subject to a waiver, discount or threshold. If you wish to request such a
  waiver, or have questions about the waiver process, you should contact us at 1-800-438-1230.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Waiver Requests within an Announced Waiver Discount Period.</I> Purchases in excess of $100,000 per year (including any initial investments in excess of $100,000) (&#147;Large Cash Purchases&#148;) may be made only by investors that submit Large Cash Purchase requests that are approved by us, in our sole
  discretion.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Submission of Requests for Waiver. </I>We, in our sole discretion, will determine whether to accept Large Cash Purchase requests at any time. Investors who wish to make Large Cash Purchases for any month should telephone us at 1-800-438-1230 or 1-732-938-1230 to determine (by a pre-recorded
  message) if we will be considering Large Cash Purchase requests for such month. When you call, you will be informed of one of the following:</FONT></P>
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      &#149;</FONT></P></TD>
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    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      that we are not currently considering Large Cash Purchase requests; or</FONT></P></TD>
  </TR>
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    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      that we will be considering Large Cash Purchase requests, in which case we will provide information about submitting a Large Cash Purchase Request Form.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Large Cash Purchase Request Forms may be obtained online at shareowneronline.com or through the &#147;Investor Relations&#148; section of our website at www.njresources.com. We must receive completed Large Cash Purchase requests delivered to waiverdiscount@njresources.com and
  WaiverDiscount@WellsFargo.com no later than 3:00 p.m. Eastern Time on the third business day before the first day of the &#147;pricing period&#148; for the applicable waiver period, as described below. We will notify by email or telephone any investor whose Large Cash Purchase request has been approved
  (including the amount of the investment approved) by 5:00 p.m. Eastern Time on the second business day before the first day of the applicable pricing period. The Plan Administrator must receive good funds relating to any approved Large Cash Purchase request by wire transfer to the account designated
  by us no later than 2:00 p.m. Eastern Time on the business day before the first day of the applicable pricing period. All such funds received after 2:00 p.m. Eastern Time on such business day will be returned without interest.</FONT></P>
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<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Action on Large Cash Purchase Requests. </I>We have the sole discretion to grant or refuse to grant, in whole or in part, a Large Cash Purchase request. In acting on a Large Cash Purchase request, we will consider relevant factors, including without limitation:</FONT></P>
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      &#149;</FONT></P></TD>
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      whether the Plan is then purchasing shares of Common Stock from us or in the open market;</FONT></P></TD>
  </TR>
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    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      our need for additional funds;</FONT></P></TD>
  </TR>
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    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      the attractiveness of obtaining funds through the sale of shares of Common Stock under the Plan compared to other available sources of funds;</FONT></P></TD>
  </TR>
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    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      the purchase price likely to apply to any sale of shares of Common Stock under the Plan;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      the party submitting the request, including the extent and nature of that party&#146;s prior participation in the Plan and the number of shares of Common Stock held by that party; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      the aggregate amount of Large Cash Purchases in excess of $100,000 for the year for which we have received Large Cash Purchase requests under the Plan.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Large Cash Purchases will be priced as follows:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To determine the purchase price of shares of Common Stock purchased from us pursuant to a Large Cash Purchase request, we will fix the number of trading days in the &#147;pricing period&#148; for the applicable investment. The pricing period generally will consist of one to 15 consecutive trading days,
      unless the pricing period is extended as described below. On each trading day, we will apply an equal portion of the amount approved for investment pursuant to a Large Cash Purchase request to the purchase of shares of Common Stock, subject to the qualifications described below. Each day in
      the pricing period on which shares of Common Stock are purchased is referred to as a &#147;Purchase Date.&#148; The price for shares of Common Stock purchased on each Purchase Date in a pricing period will be equal to 100% (less any applicable discount, as described below) of the composite volume
      weighted average price, rounded to four decimal places, of shares of Common Stock, as traded on the composite exchanges during regular NYSE hours on the Purchase Date. We will obtain this composite exchange pricing information from Reuters or, if Reuters is no longer providing this
      information, another authoritative source.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      We may establish for each pricing period a minimum, or &#147;threshold,&#148; price applicable to purchases made pursuant to a Large Cash Purchase request. We will make this determination in our discretion after a review of, among other factors, current market conditions, the level of participation in the
      Plan and our current and projected capital needs. We will notify an investor of the establishment of a threshold price at the time the Large Cash Purchase request has been approved.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      If established for any pricing period, the threshold price will be stated as a dollar amount which the composite volume weighted average price of shares of Common Stock, rounded to four decimal places, as traded during regular NYSE hours, must equal or exceed for each trading day of such
      pricing period (not adjusted for discounts, if any) in order for such trading day to be considered a Purchase Date. Except as provided below, any trading day for which such volume weighted average price is less than the applicable threshold price will not be considered a Purchase Date, and no
      funds will be invested in shares of Common Stock on that date. Funds that are not invested will be returned without interest, as described below.</FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">17</FONT></P>
<P style="margin:2.1mm 0 0;"><hr color=#000000 noshade></P>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<TABLE cellspacing=0 cellpadding=0 style="font-size:0.5mm; ">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      The establishment of the threshold price and the potential return of a portion of investment funds apply only to investments made pursuant to Large Cash Purchase requests. Establishing a threshold price for a particular pricing period will not affect the establishment of a threshold price for any
      subsequent pricing period.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      If we establish a threshold price for any pricing period, we may elect to extend that pricing period. If we do so, the initial pricing period may be extended by the number of trading days during the initial pricing period, up to five trading days, during which the threshold price is not satisfied or there
      are no trades of shares of Common Stock on the composite exchanges.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Neither we nor the Plan Administrator are required to notify you that a threshold price has been established for any pricing period.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      If we elect to grant a pricing period extension and the threshold price is satisfied for any additional trading day during an extension, that trading day will be included as a Purchase Date for the extended pricing period. For example, if the extension feature is in use and the initial pricing period is
      ten trading days, but the threshold price is not satisfied on three out of those ten days, the pricing period may be extended by three trading days. If the threshold price is satisfied on any of the three trading days during the extension period, each of those three trading days will be a Purchase Date
      for that pricing period.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      We may, in our sole discretion, establish a discount from the market price otherwise applicable to Large Cash Purchases (including initial investments) made pursuant to a request for waiver, but we are not obligated to do so. Any discount (including any applicable brokerage fees paid by us) may
      be up to a maximum of 3% of the regular market price and may be varied by us in our sole discretion. We may establish any discount in our sole discretion after a review of, among other factors, current market conditions, the level of participation in the Plan, the attractiveness of obtaining
      financing through the sale of shares of Common Stock as compared to other sources of funds, and our current and projected capital needs. Establishing a discount for a particular pricing period will not affect the establishment of a discount for any subsequent pricing period.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Any investor purchasing shares of Common Stock pursuant to a request for a Large Cash Purchase will be treated as the beneficial owner of all shares of Common Stock purchased on each Purchase Date in the applicable pricing period as of the close of business on such Purchase Date, although
      Plan shares of Common Stock will not be credited to such investor&#146;s account until the conclusion of the pricing period unless we elect to use the &#147;continuous settlement feature&#148; described below for that pricing period.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      If we elect to use the continuous settlement feature, shares of Common Stock will be credited to the Plan accounts of investors purchasing shares of Common Stock pursuant to requests for a Large Cash Purchase within three business days after each Purchase Date. We may activate the continuous
      settlement feature for a particular investment at the time we determine other pricing terms in respect of shares of Common Stock to be sold pursuant to a Large Cash Purchase request.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      We will return, without interest, any amount to be invested pursuant to a Large Cash Purchase request that is not applied to the purchase of shares of Common Stock because the threshold price is not met or shares of Common Stock are not traded on the composite exchanges on any trading day
      during a pricing period or extension, as applicable. Any such uninvested funds will be returned within five business days after the last day of the applicable </FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">18</FONT></P>
<P style="margin:2.1mm 0 0;"><hr color=#000000 noshade></P>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:3pt;font-size:0.5mm; ">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:12pt;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;"><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      pricing period, as it may be extended. The amount returned will be based on the number of days on which the threshold price was not satisfied or no trades were reported on the composite exchanges compared to the total number of days in the pricing period or extended pricing period, as
      applicable. For example, the amount returned for a ten-day pricing period will equal one-tenth of the total amount of your proposed Large Cash Purchase investment for each trading day on which the threshold price is not satisfied or shares of Common Stock are not traded on the composite
      exchanges.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">From time to time, financial intermediaries, including brokers and dealers, and other persons may engage in positioning transactions in order to benefit from any waiver discounts applicable to investments made pursuant to requests for waiver for Large Cash Purchases under the Plan. Those
  transactions may cause fluctuations in the trading volume of our Common Stock. Financial intermediaries and such other persons who engage in positioning transactions may be deemed to be underwriters. We have no arrangements or understandings, formal or informal, with any person relating to the
  sale of shares of Common Stock to be received under the Plan. We reserve the right to modify, suspend or terminate participation in the Plan by otherwise eligible persons to eliminate practices that are inconsistent with the purpose of the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We may alter, amend, supplement or waive, in our sole discretion, the time periods and/or other parameters relating to optional cash purchases in excess of $100,000 made by one or more participants in the Plan or new investors, at any time and from time to time, prior to the granting of any request
  for waiver or within a pricing period as determined by us.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Optional Cash Payments</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>24. <I>How are optional cash payments made?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(a) <I>By New Participants. </I>Shareowners who elect to participate by making optional cash payments in addition to reinvesting cash dividends on shares of Common Stock registered in their names may make their initial optional cash payment by sending a check to the Plan Administrator either with the
  completed Account Authorization Form or at any subsequent time with a completed tear-off portion of the statement of account sent to participants after each dividend reinvestment or optional cash payment for the participant&#146;s account.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Employees and customers initially enrolling in the Plan must make their initial optional cash payment at the time the completed Account Authorization Form or Employee Authorization Form, as the case may be, is sent to the Plan Administrator by enclosing a check payable to Shareowner Services
  with such form. Checks must be payable in U.S. dollars and drawn on a United States bank or Canadian financial institution.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(b) <I>By Existing Participants via Check. </I>Optional cash payments for the purchase of additional shares of Common Stock under the Plan may be made by a participant at any time by enclosing a check with the tear-off portion of the statement of account received after each investment. The tear-off
  portion must be used whenever an optional cash payment is made by an existing participant. All optional cash payments should be sent to the Plan Administrator, at the address indicated on the tear-off portion of the statement of account (see Question 3, <B>Contact Information</B>). Cash, money orders,
  traveler&#146;s checks or third party checks are not accepted.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(c) <I>Automatic Cash Withdrawal and Investment Service</I>&#151;A participant may setup a one-time, semi-monthly or monthly automatic withdrawal from a designated bank account. The request may be </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">19</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">submitted online, by telephone or by sending an <I>Account Authorization Form </I>by mail (see <B>Contact Information</B>). Requests are processed and become effective as promptly as administratively possible. Once the automatic withdrawal is initiated, funds will be debited from the participant&#146;s designated bank
  account on or about the 8</FONT><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>th</SUP></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> and/or the 28</FONT><FONT style="font-family:Times, serif; font-size:2.5mm; "><SUP>th</SUP></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> of each month and will be invested in NJR common stock within five (5) trading days. Changes or a discontinuation of automatic withdrawals can be made online, by telephone or by using the <I>Transaction Request Form </I>attached to the participant&#146;s statement. To
  be effective with respect to a particular investment date, a change request must be received by the Plan Administrator at least 15 trading days prior to the investment date.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>25. <I>When should optional cash payments be sent?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Optional cash payments made by check must be received by the Plan Administrator at least one business day prior to the date on which the Plan Administrator may begin to invest optional cash payments, called the &#147;Cash Payment Purchase Date.&#148; The &#147;Cash Payment Purchase Date&#148; is the first and
  the fifteenth day of each month, except that if any such day is not a business day, the next succeeding business day will be the Cash Payment Purchase Date.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">No interest will be paid on optional cash payments received and held pending investment. Consequently, it will normally be in your best interest to submit any payments made by check such that it is received by the Plan Administrator shortly before (but no later than one business day prior to) the
  applicable Cash Payment Purchase Date.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">On written request, the Plan Administrator will return any optional cash payment made by check if such request is received at least 2 business days prior to the applicable Cash Payment Purchase Date, or cancel any payment scheduled to be made by automatic withdrawal, if such request is received
  by the Plan Administrator at least 15 business days prior to the applicable Cash Payment Purchase Date.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If any optional cash contribution, including payment by check or automatic withdrawal, is returned to the Plan Administrator unpaid for any reason, the Plan Administrator will remove from your account any shares of Common Stock purchased upon prior credit of such funds, and will sell these
  shares of Common Stock. The Plan Administrator may sell other shares of Common Stock in the account to recover a $25 returned funds fee for each optional cash investment returned unpaid for any reason and may sell additional shares of Common Stock as necessary to cover any market loss incurred
  by the Plan Administrator.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The optional cash payment feature is designed to meet your particular cash situation and investment intent at any given time. YOU ARE NOT OBLIGATED TO MAKE OPTIONAL CASH PAYMENTS OR TO CONTINUE TO DO SO. The amount of optional cash payments may also vary,
  subject to the minimum optional cash investment of $25 and the annual maximum of $100,000. The Company may suspend the optional cash payment feature at any time (See Question&nbsp;44).</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">During the period that an optional cash investment is pending, the collected funds in the possession of the Plan Administrator may be invested in certain Permitted Investments. For purposes of this Plan, &#147;Permitted Investments&#148; will mean any money market mutual funds registered under the
  Investment Company Act (including those of an affiliate of the Plan Administrator or for which the Plan Administrator or any of its affiliates provide management advisory or other services) consisting entirely of (i) direct obligations of the United States of America; or (ii) obligations fully </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">20</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">guaranteed by the United States of America. The risk of any loss from such Permitted Investments will be the responsibility of the Plan Administrator. Investment income from such Permitted Investments will be retained by the Plan Administrator.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>26. <I>May I execute Plan transactions by phone?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If you have established automated privileges on your account, you can:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      change the amount of or stop automatic bank withdrawals;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      change your dividend reinvestment option;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      sell some or all of your Plan shares of Common Stock; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      request a certificate for some or all full shares of Common Stock in the Plan.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Certain restrictions may apply.</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">To establish automated privileges, please call Wells Fargo Shareowner Services and request an Automated Request Authorization Form.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Telephone inquiries concerning the Plan may be directed to the Plan Administrator at (800)&nbsp;817-3955.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>27. <I>May I execute Plan transactions by going online?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We encourage you to access your account information online at shareownerservices.com to perform transactions (see Question 3, <B>Contact Information</B>). Accounts that are registered in the name of an Investment Club, Corporation, or Partnership will not be allowed online access. Please note:
  additional access restrictions may apply.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">After you have successfully signed up, you will be able to access your account immediately. You will also receive written confirmation to your mailing address on file that your account has been activated for online access.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Once you have activated your account online, you can also:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Authorize, change or stop your Automatic Cash Withdrawal and Investment Service;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Consent for electronic delivery of statements including tax forms;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Sell some or all of your Plan shares of Common Stock; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Elect to view statements, tax forms, and company communications. You will receive an email notification when new documents are available for viewing.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Certain restrictions may apply.</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Sales</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>28. <I>How can I sell Plan shares of Common Stock?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Sales are usually made through an affiliated broker, who will receive brokerage commissions. Typically, the shares are sold through the exchange on which the common shares of NJR are traded. Depending on the number of NJR shares to be sold and current trading volume, sale transactions </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">21</FONT></P>
<p><hr color=#000000 noshade></p>
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<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">may be completed in multiple transactions and over the course of more than one day. All sales are subject to market conditions, system availability, restrictions and other factors. The actual sale date, time or price received for any shares sold through the Plan cannot be guaranteed.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Participants may instruct the Plan Administrator to sell shares under the Plan through a Batch Order, Market Order, Day Limit Order, Good-&#145;Til-Date/Canceled Limit Order or Stop Order.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Batch Order (online, telephone, mail)</I></B><I>&#151;</I>The Plan Administrator will combine each request to sell through the Plan with other Plan participant sale requests for a Batch Order. Shares are then periodically submitted in bulk to a broker for sale on the open market. Shares will be sold no later than five
  business days (except where deferral is necessary under state or federal regulations). Bulk sales may be executed in multiple transactions and over more than one day depending on the number of shares being sold and current trading volumes. Once entered, a Batch Order request cannot be canceled.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Market Order (online or telephone)</I></B>&#151;The participant&#146;s request to sell shares in a Market Order will be at the prevailing market price when the trade is executed. If such an order is placed during market hours, the Plan Administrator will promptly submit the shares to a broker for sale on the open
  market. Once entered, a Market Order request cannot be canceled. Sales requests submitted near the close of the market may be executed on the next trading day, along with other requests received after market close.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Day Limit Order (online or telephone)</I></B><I>&#151;</I>The participant&#146;s request to sell shares in a Day Limit Order will be promptly submitted by the Plan Administrator to a broker. The broker will execute as a Market Order when and if the stock reaches, or exceeds the specified price on the day the order was
  placed (for orders placed outside of market hours, the next trading day). The order is automatically canceled if the price is not met by the end of that trading day. Depending on the number of shares being sold and current trading volumes, the order may only be partially filled and the remainder of
  the order canceled. Once entered, a Day Limit Order request cannot be canceled by the participant.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Good-&#145;Til-Date/Canceled (GTD/GTC) Limit Order (online or telephone)&#151;</I></B>A GTD/GTC Limit Order request will be promptly submitted by the Plan Administrator to a broker. The broker will execute as a Market Order when and if the stock reaches, or exceeds the specified price at any time while
  the order remains open (up to the date requested or 90 days for GTC). Depending on the number of shares being sold and current trading volumes, sales may be executed in multiple transactions and may be traded on more than one day. The order or any unexecuted portion will be automatically
  canceled if the price is not met by the end of the order period. The order may also be canceled by the applicable stock exchange or the participant.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Stop Order (online or telephone)&#151;</I></B>The Plan Administrator will promptly submit a participant&#146;s request to sell shares in a Stop Order to a broker. A sale will be executed when the stock reaches a specified price, at which time the Stop Order becomes a Market Order and the sale will be at the
  prevailing market price when the trade is executed. The price specified in the order must be below the current market price (generally used to limit a market loss).</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Sales proceeds will be net of any fees to be paid by the participant (see Question 46, <B>Investment Summary and Fees </B>for details). The Plan Administrator will deduct any fees or applicable tax withholding from the sale proceeds. Sales processed on accounts without a valid Form&nbsp;W-9 for U.S. citizens
  or Form W-8BEN for non-U.S. citizens will be subject to Federal </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">22</FONT></P>
<p><hr color=#000000 noshade></p>
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<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Backup Withholding. This tax can be avoided by furnishing the appropriate and valid form prior to the sale. Forms are available online at <B>shareowneronline.com</B>.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A check for the proceeds of the sale of shares (in U.S. dollars), less applicable taxes and fees, will generally be mailed by first class mail four business days after trade date. If a participant submits a request to sell all or part of the Plan shares, and the participant requests net proceeds to be
  automatically deposited to a checking or savings account, the participant must provide a voided blank check for a checking account or blank savings deposit slip for a savings account. If the participant is unable to provide a voided check or deposit slip, the participant&#146;s written request must have the
  participant&#146;s signature(s) medallion guaranteed by an eligible financial institution for direct deposit. Requests for automatic deposit of sale proceeds that do not provide the required documentation will not be processed and a check for the net proceeds will be issued.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant who wishes to sell shares currently held in certificate form may send them in for deposit to the Plan Administrator and then proceed with the sale. To sell shares through a broker of their choice, the participant may request the broker to transfer shares electronically from the Plan
  account to their brokerage account. Alternatively, a stock certificate can be requested that the participant can deliver to their broker.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">NJR&#146;s share price may fluctuate between the time the sale request is received and the time the sale is completed on the open market. The Plan Administrator shall not be liable for any claim arising out of failure to sell on a certain date or at a specific price. Neither the Bank nor any of its affiliates
  will provide any investment recommendations or investment advice with respect to transactions made through the Plan. This risk should be evaluated by the participant and is a risk that is borne solely by the participant.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Company&#146;s Policy Regarding the Purchase and Sale of New Jersey Resources Corporation Securities provides that the participant may not trade in NJR&#146;s common stock if in possession of material, non-public information about the company. Share sales by employees, Affiliates and Section 16
  officers must be made in compliance with the Company&#146;s Policy Regarding the Purchase and Sale of New Jersey Resources Corporation Securities.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Please see &#147;FEDERAL INCOME TAX CONSEQUENCES&#148; for more information regarding federal income tax consequences of sales of shares of Common Stock acquired through the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>29. <I>Do I have control over when my shares of Common Stock will be sold?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Because the Plan Administrator will sell the shares of Common Stock on behalf of the Plan, neither NJR nor any participant in the Plan has any authority or power to control the timing or pricing of shares of Common Stock sold or the selection of the broker making the sale. Therefore, you will not
  be able to precisely time your sales through the Plan and will bear the market risk associated with fluctuation in the price of NJR Common Stock. That is, if you send in a request to sell shares of Common Stock, it is possible that the market price of Common Stock could go down or up before the
  Common Stock is sold. In addition, you will not earn interest on a sales transaction.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">23</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Reports</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>30. <I>What kind of reports will I receive?</I></B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Account statements.</B> You will receive statements of your account following each reinvestment of dividends and each investment of an optional cash payment or payroll deduction amount, if any. <B>THESE STATEMENTS ARE YOUR CONTINUING RECORDS OF THE COST OF YOUR
      PURCHASES AND SHOULD BE RETAINED FOR INCOME TAX PURPOSES UNTIL YOU HAVE DISPOSED OF ALL SHARES OF COMMON STOCK YOU HAVE PURCHASED UNDER THE PLAN.</B></FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Shareowner communications. </B>As an NJR shareowner, you will receive copies of materials sent to record holders of Common Stock, including annual reports, notices of annual meetings and proxy statements.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:4pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-size:3.8mm; ">
      &#149;</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      Annual IRS information returns. </B>You will receive an annual statement that reports dividends paid to you as well as gross proceeds from the sale of any of your Plan shares of Common Stock. See &#147;FEDERAL INCOME TAX CONSEQUENCES&#148; below.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You may elect to have your statements and other information sent to you automatically by initiating eDelivery through <B>shareowneronline.com</B>.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Dividends</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>31. <I>Will participants be credited with dividends on fractional shares of Common Stock?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Yes. If a dividend, or a combination of a dividend and optional cash payment and any payroll deduction amount, is not large enough to purchase a full share, the participant will be credited with a fractional share computed to three decimal places. Fractional shares of Common Stock will be entitled
  to dividends in the same manner as full shares of Common Stock.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">PARTICIPANTS SHOULD RECOGNIZE THAT THEY ARE ENTITLED TO A DIVIDEND ONLY IF DECLARED BY THE BOARD OF DIRECTORS OF THE COMPANY.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Certificates</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>32. <I>Will certificates be issued to me for shares of Common Stock purchased?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">NJR is participating in the Direct Registration System (DRS). The direct registration form of ownership allows shares of Common Stock to be issued without requiring a physical stock certificate and eliminates the need for you to safeguard and store certificates. Shares of Common Stock in direct
  registration (book-entry) form can be electronically transferred between NJR&#146;s records and your broker-dealer account without the need to deliver a physical certificate. Based on your instructions, your broker can initiate a DRS PROFILE transaction to electronically transfer shares of Common Stock
  from your NJR Direct account to your brokerage account. For information concerning authorization of electronic share movement, please contact your broker-dealer.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Normally, certificates for shares of Common Stock purchased under the Plan, whether through the reinvestment of dividends, optional cash payments or payroll deductions, will not be issued to participants. The number of shares of Common Stock credited to accounts under the Plan will be shown on
  participants&#146; statements of account. This reduces proliferation of certificates and protects against their loss, theft or destruction.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">24</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Certificates for any number of whole shares of Common Stock credited to accounts under the Plan will be issued upon the written request of participants who wish to remain in the Plan. This request should be mailed to the Plan Administrator (see Question 3, <B>Contact Information</B>). Any remaining
  full shares of Common Stock and fraction of a share will continue to be credited to participants&#146; accounts. Certificates for fractions of shares of Common Stock will not be issued to participants under any circumstances.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>33. <I>Can I deposit share certificates for safekeeping?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Yes, you can deposit NJR stock certificates registered in your name at any time. The Plan Administrator will provide safekeeping of your shares at no cost to you, including when you first enroll. To use this service, you must send your certificates to the Plan Administrator with a properly completed<I>
  Transaction Request Form </I>attached to your statement (see Question 3, <B>Contact Information</B>).</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Certificated shares that you deposit with the Plan Administrator are credited to your Plan account and thereafter are treated as if they were acquired under the Plan. <B>You are responsible for maintaining your own records of the cost basis of certificated shares deposited with the Plan Administrator.</B>
  By using the share safekeeping feature, you no longer bear the risks associated with loss, theft or destruction of stock certificates.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Because you bear the risk of loss when sending stock certificates through the mail, we suggest that you send them registered insured for at least 3% of the current market value. This amount would be the approximate cost of replacing the certificates should they be lost in the mail. <B>Please do not
  endorse certificates.</B></FONT></P>
<P style="margin:6.3mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Optional Mail Loss Insurance</I></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Please be advised that choosing registered, express or certified mail alone will not protect you should your certificates become lost or stolen. Mail loss insurance provides the coverage needed to replace and reissue the shares should they become lost or stolen through the mail.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Plan Administrator can provide low-cost loss insurance for certificates being returned for conversion to book-entry form. Mail loss insurance covers the cost of the replacement surety bond only. Replacement transaction fees may also apply. To take advantage of the optional mail loss insurance,
  simply include your $10.00 check, made payable to WFSS Surety Program, along with your certificates and instructions.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">To qualify for this service you must choose to use an accountable mail delivery service, such as Federal Express, United Parcel Service, DHL, Express Mail, Purolator, TNT or United States Postal Service Registered Mail. Any one shipping package may not contain certificates exceeding a total value
  of $100,000.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The value of certificate shares of Common Stock is based on the closing market price of the Common Stock on the trading day prior to the documented mail date. Claims related to lost certificates under this service must be made within 60 days of the documented delivery service mail date. A copy
  of the certificate(s) mailed, along with proof that it was sent by trackable mail should be submitted with the claim. This is specific coverage for the purpose of converting shares of Common Stock to book-entry form and the surety is not intended to cover certificates being tendered for certificate
  breakdown or exchange for other certificates.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">25</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">A full statement of the designations, preferences, relative, participating, optional, voting and other special rights, qualifications, limitations and restrictions of each class and series of stock authorized to be issued and of the authority of the Board of Directors to divide the shares of Common Stock into
  classes or series and to determine and change the relative rights, preferences and limitations of any class or series, will be furnished to any shareowner without charge upon request to Wells Fargo Shareowner Services, as transfer agent.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>34. <I>In whose name will certificates be registered when issued?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Accounts under the Plan are maintained in the names in which the account was initially opened or the names in which certificates of participants were registered at the time they entered the Plan. Consequently, certificates for whole shares of Common Stock will be similarly registered when issued.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>35. <I>How do I replace a lost, stolen or destroyed stock certificate?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If your stock certificate is lost, stolen or destroyed, you should notify the Plan Administrator immediately so that a stop transfer can be placed on the certificate. You should provide as much specific information about the certificate in question as possible in order to assist the Plan Administrator in
  identifying which certificate to place a stop against (e.g., certificate number, number of shares of Common Stock, date issued, etc.). The Plan Administrator will send you the forms necessary for issuing a replacement certificate. Please note that replacement transaction fees may apply.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>36. <I>Can I transfer, gift, or pledge my Plan shares of Common Stock to someone else?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You can transfer your Plan shares of Common Stock to a Plan account of another person, subject to compliance with any applicable laws. If the person to whom the shares of Common Stock are gifted or transferred is not a Plan participant, the Plan Administrator will automatically open an account
  for the person and enroll him or her in the Plan. If the recipient is a minor, you may set yourself up as the custodian of the account. To transfer shares of Common Stock to someone not already participating in the Plan, simply execute an irrevocable Stock Power Form and return it to the Plan
  Administrator. Your signature on the Stock Power Form must be Medallion guaranteed by an eligible financial institution or broker. You can obtain an irrevocable Stock Power Form online at shareowneronline.com or by calling the Plan Administrator (see Question 3, <B>Contact Information</B>). If you
  request to transfer all shares of Common Stock in your Plan account between a dividend record date and payable date, your transfer request will be processed but your Plan account will not be terminated. You may receive additional dividend reinvestment shares of Common Stock which will require you
  to submit a written request to transfer the additional shares of Common Stock.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You cannot pledge or grant a security interest in your Plan shares of Common Stock or transfer your Plan shares of Common Stock outside of the Plan unless certificates representing the shares of Common Stock have been issued by the Plan Administrator, or you request your Plan shares of
  Common Stock be issued in the participant&#146;s name.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">26</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Withdrawal</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>37. <I>How may I withdraw from the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You can withdraw your participation in the Plan at any time by contacting the Plan Administrator. You can submit your request for withdrawal online, by telephone or through the mail (see <B>Contact Information</B>). For your convenience, a <I>Transaction Request Form </I>is attached to your statement.
  Complete the form by filling in the required fields and indicating your intention to withdraw your participation in the Plan. Following termination, all future dividends will be paid to you in cash.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Retain shares</I></B>&#151;If you elect to keep your shares, the whole shares held in your Plan balance will be moved to book-entry Direct Registration Shares (&#147;DRS&#148;). Any fractional shares will be sold at the market price, and you will receive a check (less any fees) for the proceeds.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Sell shares</I></B>&#151;If you choose to sell all of your shares, your sale proceeds, less applicable taxes and transaction fees, will be remitted to you via check. Or you can choose to have them directly deposited into your bank account.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If you withdraw your participation in the Plan but do not indicate your preference to retain or sell your shares, the Plan shares will be moved to book-entry DRS form until the Plan Administrator receives further instructions.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Beneficial owners participating indirectly in the Plan through banks, brokers or other nominees must contact such intermediary regarding withdrawal from the Plan.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>38. <I>When may I withdraw from the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">You may withdraw all shares of Common Stock credited to your Plan account at any time online, by telephone or through the mail by notifying the Plan Administrator in writing, by completing the information in the form on the back of your account statement, by phone (See Question 26) or by
  going online (See Question 27).</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If the request to withdraw is received by the Plan Administrator before the record date for any dividend payment on which the dividends would otherwise be reinvested for a participant, the dividend reinvestment feature will be terminated on the day of receipt of the request by the Plan
  Administrator. The record date for the payment of dividends ordinarily is typically two to three weeks prior to the dividend payment date. If your request to terminate from the Plan is received on or after a dividend record date, but before the dividend payment date, your termination will be processed
  as soon as administratively possible, and a separate dividend check will be mailed to you. Future dividends will be paid in cash, unless you rejoin the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Optional cash payments may be refunded if written instructions to do so are received by the Plan Administrator at least two business days prior to the applicable Cash Payment Purchase Date.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Other Information</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>39. <I>What happens when I sell or transfer all of the shares of Common Stock registered in my name?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If you dispose of all certificated shares of Common Stock registered in your name, the Plan Administrator will continue to reinvest the dividends on the shares of Common Stock credited to your account under the Plan until otherwise notified. Your participation in the Plan may be </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">27</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">terminated if you do not have at least one full share registered in your name or in your Plan account.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If you request to sell or transfer all shares of Common Stock in your Plan account between a dividend record date and payable date, your request will be processed; however, your Plan account will not be terminated. You may receive additional dividend reinvestment shares of Common Stock which
  will require you to submit a written request to transfer the additional shares of Common Stock.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">If submitting a request to sell all or part of your shares of Common Stock, and you are requesting net proceeds to be automatically deposited to a bank checking or savings account, you must provide a voided blank check for a checking account or blank savings deposit slip for a savings account. If
  you are unable to provide a voided check or deposit slip, your written request must have your signature(s) medallion guaranteed by an eligible financial institution for direct deposit. Requests for automatic deposit of sale proceeds that do not provide the required documentation will not be honored and a
  check for the net proceeds will be issued.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">All registered owners must sign as their name(s) appears on their account.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>40. <I>What happens if NJR issues a stock dividend, declares a stock split, or has a rights offering?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">It is understood that any stock dividends or stock splits distributed by NJR on common stock held by the Plan Administrator for the participant will be credited to the participant&#146;s account. This will include all whole and fractional shares.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">In the event that NJR makes available to its shareowners any rights to subscribe for additional common stock, the rights to subscribe will be based on any shares held in and outside of the Plan. Any new shares distributed by NJR resulting from the exercise of the rights will be issued directly to the
  participant.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>41. <I>How will my shares of Common Stock be voted at meetings of shareowners?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Participants in the Plan will receive voting materials and have the sole right to vote the common stock of NJR represented by the shares held for them in the Plan. In the event the participant does not provide direction for voting, the Plan shares will not be voted.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The participant is encouraged to read the information carefully. Votes may be submitted online, by telephone or by returning the signed, dated proxy card. A participant&#146;s shares will be voted in accordance with the most recent submitted instructions.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>42. <I>What are the responsibilities of the Company and the Plan Administrator under the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">In administering the Plan, neither NJR nor the Plan Administrator is liable for any good faith act or omission to act, including but not limited to any claim of liability (i) arising out of the failure to terminate a participant&#146;s account upon such participant&#146;s death prior to receipt of a notice in writing
  of such death, (ii) with respect to the prices or times at which shares of Common Stock are purchased or sold, or (iii) as to the value of the shares of Common Stock acquired for participants. Selling participants should be aware that the share price of Common Stock may fall or rise during the period
  between a request for sale, its receipt by the Plan Administrator, and the ultimate sale in </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">28</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">the open market. You should evaluate these possibilities while deciding whether and when to sell any shares of Common Stock through the Plan. The price risk will be borne solely by you.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Plan Administrator is authorized to choose a broker/dealer, including an affiliated broker/dealer, at its sole discretion to facilitate purchases and sales of Common Stock. The Plan Administrator will furnish the name of the registered broker/dealer, including any affiliated broker/dealer, utilized in
  share transactions within a reasonable time upon written request from the participant.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Plan Administrator is acting solely as agent for the Company and owes no duties, fiduciary or otherwise, to any other person by reason of this Plan, and no implied duties, fiduciary or otherwise, will be read into this Plan. The Plan Administrator undertakes to perform such duties and only such
  duties as are expressly set forth herein, to be performed by it, and no implied covenants or obligations will be read into this Plan against the Plan Administrator or the Company.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">In the absence of negligence or willful misconduct on its part, the Plan Administrator, whether acting directly or through agents or attorneys will not be liable for any action taken, suffered, or omitted or for any error of judgment made by it in the performance of its duties hereunder. In no event
  will the Plan Administrator or NJR be liable for special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profit), even if the Plan Administrator or NJR has been advised of the likelihood of such loss or damage and regardless of the form of action.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Plan Administrator will: (i) not be required to make and will make no representations and have no responsibilities as to the validity, accuracy, value or genuineness of any signatures or endorsements, other than its own; and (ii) not be obligated to take any legal action hereunder that might, in its
  judgment, involve any expense or liability, unless it has been furnished with reasonable indemnity.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Plan Administrator will not be responsible or liable for any failure or delay in the performance of its obligations under this Plan arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fires; floods;
  wars; civil or military disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities; computer (hardware or software) or communications services; accidents; labor disputes; acts of civil or military authority or governmental actions; it being understood that the Plan Administrator will
  use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as administratively possible under the circumstances.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">PARTICIPANTS SHOULD RECOGNIZE THAT NEITHER THE COMPANY NOR THE PLAN ADMINISTRATOR CAN ASSURE A PROFIT OR PROTECT AGAINST A LOSS ON THE COMMON STOCK PURCHASED UNDER THE PLAN.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>43. <I>What provision is made for foreign shareowners subject to income tax withholding?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A foreign person (nonresident alien individual or foreign entity) is subject to tax withholding at a 30% rate on the gross amount of certain payments of U.S. source income including dividends, unless the beneficial owner of the payment is entitled to a reduced rate of, or exemption from, withholding
  tax under an income tax treaty. Foreign Entity owned accounts may also be subject to 30% withholding on all applicable U.S. sourced income, including dividends, as required by the </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">29</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Foreign Account Tax Compliance Act (&#147;FATCA&#148;). Gross proceeds received from the sale, maturity or exchange of securities that can produce U.S. sourced dividends or interest will also be subject to potential FATCA withholding effective on January 1, 2019. <B>Foreign persons should consult with their tax
  advisors or counsel as to which tax certification form they are required to provide and for more specific information regarding the withholding requirements under Chapters 3 and 4 (FATCA) of the U.S. Internal Revenue Code.</B></FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>44. <I>May the Plan be changed or discontinued?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Company reserves the right to suspend, modify or terminate the Plan at any time without prior notice. The Company will send a notice to all participants at their last known address as soon as administratively possible following any such suspension, modification or termination.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>45. <I>Who interprets and regulates the Plan?</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The officers of the Company may take such actions to carry out the Plan as are not contrary to the terms and conditions of the Plan. In addition, the Company reserves the right to interpret and regulate the Plan as it deems desirable or necessary in connection with the operation of the Plan.
  Furthermore, if it appears to the Company that any participant is using or contemplating the use of the Plan in a manner or with an effect that, in the sole judgment and discretion of the Company, is not in the best interests of the Company or its other shareowners, then the Company may decline to
  issue all or any portion of the shares of Common Stock for which any payment by or on behalf of such participant is tendered. Such payment (or the portion thereof not to be invested in shares of Common Stock) will be returned by the Company as promptly as administratively possible, without interest.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>46. <I>What fees are charged in connection with the Plan?</I></B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Investment Summary and Fees</B></FONT></P>
<P style="margin:3.5mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Summary</I></B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:4.39%; margin-right:4.39%; width:91.22%;" >
  <TR valign="bottom">
    <TD style="width:75.96%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:12.64%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Minimum cash investments</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Minimum one-time initial purchase for new investors</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       100.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Minimum one-time optional cash investment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       25.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Minimum recurring automatic investments</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       25.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Maximum cash investments</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Maximum annual investment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       100,000.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Dividend reinvestment options</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Reinvest options</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Full, Partial</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">30</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><I>Fees</I></B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:4.39%; margin-right:4.39%; width:91.22%;" >
  <TR valign="bottom">
    <TD style="width:72.05%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:16.55%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Investment fees</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Initial enrollment (new investors only)</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Dividend reinvestment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Check investment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">One-time automatic investment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Recurring automatic investment</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Dividend purchase trading commission per share</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Optional cash purchase trading commission per share</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid*</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Sales fees</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Batch Order</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       15.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Market Order</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       25.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Limit Order per transaction (Day/GTD/GTC)</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       30.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Stop Order</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       30.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Sale trading commission per share</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       0.10</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Direct deposit of sale proceeds</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       5.00</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Other fees</B></FONT></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD colspan="6"><P><font style="font-size:0.2mm">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Certificate issuance</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Certificate deposit</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Company Paid</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Returned check / Rejected automatic bank withdrawals</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       35.00 per item</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 10.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Prior year duplicate statements</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       15.00 per year</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
</TABLE>
<P style="margin:4mm 0 0.7mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-right:89%; border-top:0.50pt solid ;">&nbsp;</P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:7pt;"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      *</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Please note that if purchases are made in the open market, the amount of processing fees, which includes any brokerage commission, that are paid by NJR on your behalf will be reported to you as taxable income. See &#147;Federal Income Tax Consequences.&#148;</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Administrator will deduct the applicable fees from the proceeds from a sale.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_federal1>FEDERAL INCOME TAX CONSEQUENCES</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>The following is a summary of certain federal income tax consequences to U.S. participants in the Plan. Participants should consult their tax advisors to determine the tax consequences of participating in the Plan in light of their particular status (including the potential application of federal, state,
  local and non-U.S. tax laws and U.S. withholding taxes). This summary is based upon the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), Treasury Regulations, published Internal Revenue Service (&#147;IRS&#148;) rulings, published administrative positions of the IRS, and court decisions as of the date
  hereof, any of which could be changed, possibly on a retroactive basis, at any time (including, without limitation, U.S. rates of taxation). Prospective participants in the Plan should note that no rulings have been or will be sought from the IRS, nor will any opinions of counsel be obtained, with respect to
  any of the U.S. federal income tax matters discussed in this summary. There is no assurance that the IRS will not successfully challenge the conclusions reached herein.</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Under IRS rulings, dividends which are reinvested by a participant under the Plan in original issue Common Stock purchased from the Company will be treated, for federal income tax purposes, as having been received by the participant in the form of a taxable stock distribution rather than as a cash
  dividend. A participant whose dividends are reinvested under the Plan in this manner will </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">31</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">therefore be treated as having received a distribution equal to the fair market value; on the date such purchases are made, of the shares of Common Stock acquired through such reinvestment. </FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant whose dividends are reinvested under the Plan in Common Stock purchased on the open market will be treated as having received a distribution equal to the amount of cash paid as the dividend, plus the amount of brokerage fees or commissions paid by the Company on the
  participant&#146;s behalf.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant for whom shares of original issue Common Stock are purchased from the Company with optional cash payments will not be treated as having received a distribution with respect to the shares of Common Stock so purchased. However, any brokerage fees or commissions paid by the
  Company to obtain the shares of Common Stock will be treated as a distribution for federal income tax purposes.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">For federal income tax purposes, distributions (including the amount of brokerage fees or commissions, if any, paid by the Company on the participant&#146;s behalf) will be treated as dividends to the extent paid out of the Company&#146;s &#147;earnings and profits.&#148; Dividends paid to an individual that constitute
  &#147;qualified dividend income,&#148; as defined in Section 1(h)(11)(B) of the Code, generally, under current law, will be taxed at the applicable capital gain rate. To the extent that a distribution exceeds the Company&#146;s &#147;earnings and profits&#148; of Common Stock, it is deemed to be a return of capital. A return of
  capital reduces a participant&#146;s basis in its shares of Common Stock, but not below zero. To the extent a return of capital exceeds a participant&#146;s basis; it is treated as a capital gain. The IRS Form 1099 sent to each participant annually will indicate the total amount of dividends paid to the participant.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A corporate recipient of dividends reinvested under the Plan may be entitled to a dividends-received deduction allowed by Section 243 of the Code. However, if such corporate recipient is subject to the alternative minimum tax, a portion of the dividends-received deduction will be treated as an
  adjustment that increases alternative minimum taxable income.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Subject to the discussion below regarding the &#147;average basis method,&#148; the tax basis for our Common Stock acquired by reinvesting cash distributions through the Plan generally will equal the fair market value of our Common Stock on the date of distribution (plus the amount of any brokerage fees
  paid by the shareowner). Accordingly, if we offer a discount on the purchase price of our Common Stock purchased with reinvested cash distributions, the tax basis in our Common Stock would include the amount of any discount.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Subject to the discussion below regarding the &#147;average basis method,&#148; the tax basis in our Common Stock acquired through the optional cash payments or purchased on the open market with dividends paid in cash generally will equal the cost paid by the participant in acquiring our Common Stock,
  including any brokerage fees paid by the shareowner. If we offer a discount on the purchase price of our Common Stock purchased by making an optional cash payment, then the tax basis in those shares of Common Stock also would include any amounts taxed as a dividend.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Absent an election to the contrary by you, the Plan Administrator intends to use the &#147;FIFO&#148; method (as defined in applicable Treasury Regulations) for shares of Common Stock acquired by or for you under the Plan. The FIFO method of computing tax basis will apply to shares of Common Stock
  acquired by or for you under the Plan, except to the extent you provide notice to the Plan Administrator that you elect to use the average basis method of computing the tax basis of your shares of Common Stock under the Plan or another permitted method. The Plan complies with recent Treasury
  Regulations that generally allow taxpayers to elect to use the average basis method </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">32</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">with respect to shares of Common Stock of stock acquired in connection with a dividend reinvestment plan if the plan requires the reinvestment of at least 10% of every dividend. As a result, you may make an election to use the average basis method of determining such tax basis at any time, and such
  method will apply to all dispositions of shares of Common Stock under the Plan following such election. You should consult your tax advisor regarding the average basis method and the elections that are appropriate for you.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">This plan requires a minimum reinvestment of 10% of the dividends (if any) paid on any share of Common Stock (Certificates, Direct Registration, or Plan) held in your account. The Plan qualifies as a Dividend Reinvestment Plan under the meaning of Treasury Regulation Section&nbsp;1.1012-1(e)(6)(i),
  which enables participants to use the &#147;average basis method&#148; when determining the tax basis of any shares of Common Stock sold.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">This Plan assumes that each participant will use the first-in, first-out &#147;FIFO&#148; method when determining the tax basis of any shares of Common Stock sold. Participants may designate their preference for a different method of determining the tax basis of shares of Common Stock by identifying this
  preference in writing to the Plan Administrator. Participants may designate their preference for &#147;specific identification&#148; cost basis at any time or may designate their preference for the &#147;average basis method&#148; effective for sales occurring after the election. Federal tax regulations require the FIFO tax lot
  selection method after the average cost basis election has been made.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant will not realize any taxable income when it receives certificates for whole shares of Common Stock credited to its account, either upon request for such certificates or upon withdrawal from or termination of the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant that receives, upon withdrawal from or termination of the Plan, a cash adjustment for a fraction of a share of Common Stock credited to its account will realize a gain or loss with respect to such fraction. Gain or loss will also be realized by the participant when whole shares of
  Common Stock are sold pursuant to the participant&#146;s request when it withdraws from the Plan or when whole shares of Common Stock are sold or exchanged by the participant after the shares of Common Stock have been withdrawn from the Plan. The amount of such gain or loss will be the difference
  between the amount which the participant receives for its shares of Common Stock or fraction of a share of Common Stock and its tax basis therefore, as adjusted to reflect the portion, if any, of dividends received thereon constituting a return of capital (nontaxable distributions) for federal income tax
  purposes. Generally, such gain or loss from stock held as a capital asset will be capital gain or loss. IRS Form 1099 will be sent to each participant for any shares of Common Stock sold through the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">A participant&#146;s holding period for shares of Common Stock acquired through the Plan will begin on the day following the purchase of such shares of Common Stock.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Certain taxable U.S. participants that are individuals, estates or trusts may be subject to a 3.8% Medicare tax on all or a portion of their &#147;net investment income,&#148; including dividends on shares of Common Stock acquired through the Plan and net gains from the taxable dispositions of shares of
  Common Stock acquired through the Plan. Taxable U.S. participants that are individuals, estates or trusts should consult their tax advisors regarding the applicability of the Medicare tax.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Under backup withholding rules, dividends which are reinvested pursuant to the Plan and the proceeds from the sale or other disposition of your shares of Common Stock may be subject to backup withholding, currently at the rate of 28%, unless the participant (a) is a corporation or other form of
  exempt entity and, when required, demonstrates this fact, or (b) provides the Plan </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">33</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Administrator (or other applicable paying agent) with its taxpayer identification number and certifies to no loss of exemption from backup withholding and otherwise complies with applicable requirements of the backup withholding rules. Any amounts withheld under the backup withholding rules may be
  allowed as a refund or credit against your federal income tax liability, provided the required information is timely provided to the IRS.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Foreign shareowners should seek advice from an independent tax advisor regarding the tax consequences to them of participating in the Plan and of acquiring, owning, and disposing of shares of Common Stock.</B></FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_use1>USE OF PROCEEDS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">To the extent that newly issued shares of Common Stock are purchased under the Plan, the Company has no basis for estimating either the number of shares of Common Stock that will ultimately be sold, or the aggregate amount that the Company will receive for such shares of Common Stock. The
  Company intends to apply the net proceeds from any such sales to the working capital to be used by the Company&#146;s management for general corporate purposes. If shares of Common Stock are purchased by the Plan Administrator on the open market, the Company will not receive any proceeds.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_plan1>PLAN OF DISTRIBUTION</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Except to the extent the Plan Administrator purchases shares of our Common Stock in the open market, we will sell directly to the Plan participants the shares of our Common Stock acquired under the Plan. There are no brokerage commissions in connection with the purchases of such newly issued
  shares or treasury shares of our Common Stock under the Plan. All costs of administering the Plan and any brokerage fees, commissions or other service charges incurred as a result of open market purchases of shares of Common Stock will be paid by the Company; however, participants will be required
  to pay brokerage fees or commissions and any tax for sales of shares of Common Stock by the Plan Administrator under the Plan pursuant to a participant&#146;s instructions. We have agreed to indemnify the Plan Administrator and certain of its affiliates for certain liabilities in connection with services to be
  performed in connection with the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">In connection with the administration of the Plan, we may be requested to approve investments greater than the $100,000 per calendar year maximum amount, which restriction may be waived at our sole discretion, by or on behalf of participants or other investors who may be engaged in the
  securities business.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Persons who acquire shares of Common Stock through the Plan and resell them shortly after acquiring them, including coverage of short positions, under certain circumstances, may be participating in a distribution of securities that would require compliance with Regulation M under the Exchange
  Act and may be considered to be underwriters within the meaning of the Securities Act of 1933, as amended. We will not extend to any such person any rights or privileges other than those to which they would be entitled as a participant in the Plan, nor will we enter into any agreement with any such
  person regarding the resale or distribution by any such person of the shares of Common Stock so purchased. We may, however, accept investments made pursuant to Requests for Waiver by those persons.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">34</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">From time to time, financial intermediaries, including brokers and dealers, and other persons may engage in positioning transactions to benefit from any waiver discounts applicable to investments made pursuant to Requests for Waiver under the Plan. Those transactions may cause fluctuations in the
  trading volume of our Common Stock. Financial intermediaries and such other persons who engage in positioning transactions may be deemed to be underwriters. We have no arrangements or understandings, formal or informal, with any person relating to the sale of shares of our Common Stock to be
  received under the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">We reserve the right to modify, suspend or terminate participation in the Plan by otherwise eligible persons to eliminate practices that are inconsistent with the purpose of the Plan.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Our Common Stock may not be available under the Plan in all states or jurisdictions. We are not making an offer to sell our Common Stock in any jurisdiction where the offer or sale is not permitted.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_legal1>LEGAL MATTERS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The validity of the shares of Common Stock offered by this prospectus has been passed upon for the Company by Troutman Sanders LLP, counsel to the Company.</FONT></P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><a name=c83254_experts1>EXPERTS</a></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The consolidated financial statements and the related financial statement schedule, incorporated in this prospectus by reference from New Jersey Resources Corporation&#146;s Annual Report on Form&nbsp;10-K, for the year ended September 30, 2015, and the effectiveness of New Jersey Resources
  Corporation&#146;s internal control over financial reporting have been audited by Deloitte &amp; Touche LLP, an independent registered public accounting firm, as stated in their reports, which are incorporated herein by reference. Such financial statements and financial statement schedule have been so incorporated
  in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing.</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">35</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>

<PAGE>

<P style="margin-top:2.1mm; font-size:0; margin-bottom:2pt; border-top:3pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:1pt solid ;">&nbsp;</P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>No dealer, salesman or other individual has been authorized to give any information or make any representations not contained in this prospectus in connection with the offering covered by this prospectus. If given or made, such information or representations must not be relied upon as having been authorized
  by the Company. This prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, the Common Stock in any jurisdiction where, or to any person to whom, it is unlawful to make such offer or solicitation. Neither the delivery of this prospectus nor any sale made hereunder shall under any
  circumstances create an implication that there has not been any change in the facts set forth in this prospectus or in the affairs of the Company or its subsidiaries since the date hereof.</B></FONT></P>
<P align="center" style="margin:7.7mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>TABLE OF CONTENTS</B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="bottom">
    <TD style="width:39.62%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:3.80%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD align="center">
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD colspan="6" align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Page</B></FONT></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_about1>ABOUT THIS PROSPECTUS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      3</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_where1>WHERE YOU CAN FIND MORE INFORMATION</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      3</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_incorporation1>INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      3</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_information1>INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      4</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_about2>ABOUT NEW JERSEY RESOURCES CORPORATION</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_risk1>RISK FACTORS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      6</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_description1>DESCRIPTION OF THE PLAN</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      8</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_federal1>FEDERAL INCOME TAX CONSEQUENCES</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      31</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_use1>USE OF PROCEEDS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      34</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_plan1>PLAN OF DISTRIBUTION</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      34</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_legal1>LEGAL MATTERS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      35</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><a href=#c83254_experts1>EXPERTS</a></FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      35</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
</TABLE>
<P style="margin-top:2.1mm; font-size:0; margin-bottom:2pt; border-top:1pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:3pt solid ;">&nbsp;</P>
<P style="margin-top:2.1mm; font-size:0; margin-bottom:2pt; border-top:3pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:1pt solid ;">&nbsp;</P>
<P align="center" style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">5,000,000 Shares of Common Stock</FONT></P>
<P align="center" style="margin:16.2mm 0 0; "><img src="c83254xnjxlogo.jpg" style="margin:0 0 0 0; border:   ;"></P>
<P align="center" style="margin:18.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>NEW JERSEY RESOURCES CORPORATION</B></FONT></P>
<P align="center" style="margin:25.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>DIRECT STOCK PURCHASE AND<br>DIVIDEND REINVESTMENT PLAN</B></FONT></P>
<P align="center" style="margin:30.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>PROSPECTUS</B></FONT></P>
<P align="center" style="margin:30.2mm 0 4.2mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>December 14, 2015</B></FONT></P>
<P style="margin-top:2.1mm; font-size:0; margin-bottom:2pt; border-top:1pt solid ;">&nbsp;</P>
<P style="font-size:0; margin-bottom:0pt; margin-top:0; border-top:3pt solid ;">&nbsp;</P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>

<PAGE>

<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B><u style="border-bottom: 0.50pt black;">PART II<br>INFORMATION NOT REQUIRED IN PROSPECTUS</u></B></FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Item 14. <I>Other Expenses of Issuance and Distribution.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The expenses in connection with the issuance and distribution of the shares of Common Stock being registered are set forth in the following table. All amounts except the SEC registration fee are estimated.</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:4.39%; margin-right:4.39%; width:91.22%;" >
  <TR valign="bottom">
    <TD style="width:81.47%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:7.13%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">SEC registration fee</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       13,188</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Printing fees and expenses</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5,000</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Legal fees and expenses</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      10,000</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Accounting fees and expenses</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      7,000</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#e5ffff">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Miscellaneous</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      10,000</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
    <TD colspan="6" style="border-top:solid .27mm Black; "><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Total</FONT></P></TD>
    <TD width="3"><p style="font-size:0.2mm">&nbsp;</P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      $</FONT></P></TD>
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
       45,188 </FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD>
    <P style="text-indent:-3.5mm; margin:0 0 0 3.5mm; "><font style="font-size:0.2mm">&nbsp;</font></P></TD>
    <TD width="3"><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
    <TD colspan="6" style="border-top:double Black; "><P><font style="font-size:0.2mm;">&nbsp;</font></P></TD>
  </TR>
</TABLE>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Item 15. <I>Indemnification of Directors and Officers</I>.</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The New Jersey Business Corporation Act (&#147;NJBCA&#148;) provides that a New Jersey corporation has the power to indemnify a director or officer against his or her expenses and liabilities in connection with any proceeding involving the director or officer by reason of his or her being or having been
  such a director or officer, other than a proceeding by or in the right of the corporation, if such a director or officer acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the corporation; and with respect to any criminal proceeding, such
  director or officer had no reasonable cause to believe his or her conduct was unlawful.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The indemnification and advancement of expenses will not exclude any other rights, including the right to be indemnified against liabilities and expenses incurred in proceedings by or in the right of the corporation, to which a director or officer may be entitled under a certificate of incorporation,
  bylaw, agreement, vote of stockholders, or otherwise; provided that no indemnification will be made to or on behalf of a director or officer if a judgment or other final adjudication adverse to the director or officer establishes that his or her acts or omissions (a) were in breach of his or her duty of loyalty
  to the corporation or its stockholders, (b) were not in good faith or involved in a knowing violation of law or (c) resulted in receipt by the director or officer of an improper personal benefit.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Article 10 of the Company&#146;s Restated Certificate of Incorporation provides:</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">&#147;To the fullest extent from time to time permitted by law, directors or officers shall not be personally liable to the Corporation or its stockholders for damages for breach of any duty owed to the Corporation or its stockholders. Unless otherwise permitted by law, the provisions of this paragraph will
  not relieve a director or officer from liability for any breach of duty based upon an act or omission (a) in breach of such person&#146;s duty of loyalty to the Corporation or its stockholders, (b) not in good faith or involving a knowing violation of law or (c) resulting in receipt by such person of an
  improper personal benefit. No amendment or repeal of this provision shall adversely affect any right or protection of a director or officer of the Corporation existing at the time of such amendment or repeal.&#148;</FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-1</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="text-indent:7mm; margin:2.1mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">Article IX of the Company&#146;s By-Laws provides:</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>&#147;Section 1&#151;DIRECTORS AND OFFICERS OF THE COMPANY AND ITS SUBSIDIARIES. </B>(a) To the fullest extent permitted by the laws of the State of New Jersey, as they exist on the date hereof or as they may hereafter be amended, the Company shall indemnify any person (an
  &#147;Indemnitee&#148;) who is or was involved in any manner (including, without limitation, as a party or witness) in any threatened, pending or completed investigation, claim, action, suit or proceeding, whether civil, criminal, administrative, arbitrative, legislative or investigative (including, without limitation,
  any action, suit or proceeding by or in the right of the Company to procure a judgment in its favor) (a &#147;Proceeding&#148;), or who is threatened with being so involved, by reason of the fact (i) that he or she is or was a director or officer of the Company or any subsidiary of the Company or (ii) that
  while serving as a director or officer of the Company or any subsidiary of the Company he or she is or was, at the request of or with the approval of the Company or any subsidiary of the Company, also serving as a director, officer, employee or agent of another corporation, partnership, joint
  venture, trust or other enterprise (including, without limitation, any employee benefit plan), against all expenses (including attorneys&#146; fees), judgments, fines, penalties, excise taxes and amounts paid in settlement actually and reasonably incurred by the Indemnitee in connection with such Proceeding
  (&#147;Covered Expenses&#148;), <I><u style="border-bottom: 0.50pt black;">provided</u> </I>that, there shall be no indemnification hereunder with respect to any settlement or other nonadjudicated disposition of any threatened or pending Proceeding unless the Company has given its prior consent to such settlement or disposition.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(b) An Indemnitee shall be reimbursed for Covered Expenses in advance of the final disposition of the Proceeding upon receipt of an undertaking by or on behalf of such Indemnitee to repay such amounts to the Company if it is ultimately determined that such person is not entitled to be
  indemnified by the Company.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">(c) The rights to indemnification conferred in this Article IX, Section 1 shall be a contract right and shall include the right to be paid by the Company for expenses to be incurred in defending or prosecuting any such Proceeding in advance of its final disposition.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Section 2&#151;EMPLOYEES AND AGENTS OF THE COMPANY. </B>The Company may, to the extent authorized from time to time by the Board of Directors by way of resolution, indemnify and advance expenses to, employees and agents of the Company (&#147;Covered Persons&#148;). The Company shall not
  be obligated under this Article IX to indemnify any person or entity, except for Indemnitees, including: (i) any bank, trust company, insurance company, partnership or other entity, or any director, officer, employee or agent thereof or (ii) any other person who is not a director, officer or employee of
  the Company, in respect of any service by such person or entity, whether at the request of the Company or by agreement therewith, as investment advisor, actuary, custodian, trustee, fiduciary or consultant to any employee benefit plan. Nothing in this Article IX shall limit the Company&#146;s power to
  pay or reimburse expenses of any Covered Person or employee or agent of the Company or any direct or indirect subsidiary of the Company, in connection with such person&#146;s appearance as a witness in a Proceeding, whether or not such person is a party to such Proceeding, provided that such
  payment or reimbursement is first authorized by a resolution of the Board of Directors.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Section 3&#151;LIMITATION ON INDEMNIFICATION. </B>Notwithstanding anything contained in this Article IX to the contrary, the Company shall not be obligated to indemnify any person (or his or her heirs, executors or personal or legal representatives) or advance expenses in </FONT></P>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-2</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P style="margin:0 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">connection with a Proceeding (or part thereof) initiated by such person unless such indemnification or advancement of expenses is authorized by way of resolution by the Board of Directors of the Company.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Section 4&#151;INSURANCE. </B>The Company may purchase and maintain insurance or furnish similar protection to protect itself and any Indemnitee or Covered Person against any Covered Expenses incurred in any Proceeding whether or not the Company would have the power or the obligation to
  indemnify such person against such liability under the provisions of this Article IX or under the laws of the State of New Jersey as they exists as of the date hereof or as they may hereafter be amended. The Company&#146;s procurement of such insurance or similar protection shall not in any way expand
  the rights of any person.</FONT></P>
<P style="margin:2.1mm 0 0 7mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Section 5&#151;NO RETROACTIVE REPEAL OR AMENDMENT. </B>No elimination of or amendment to this Article IX shall deprive any person of rights hereunder arising out of alleged or actual occurrences, acts or failures to act occurring prior to sixty days following such elimination or amendment.
  The rights provided to any person by this Article IX shall inure to the benefit of such person&#146;s heirs, executors, and administrators.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Company maintains, at its expense, insurance policies which insure its directors and officers (up to certain amounts per year and subject to certain exclusions and deductions) against certain liabilities which may be incurred in those capacities.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The Company has entered into indemnification agreements with certain of its directors and officers providing that the Company will indemnify them in every case that they may be indemnified pursuant to Section 14A:3-5 of the NJBCA. The indemnification agreements also set forth certain
  procedures that will apply in the event of a claim for indemnification thereunder.</FONT></P>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Item 16. <I>Exhibits.</I></B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">The following exhibits are filed with this Registration Statement:</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="top">
    <TD style="width:5.65%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:91.72%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="6" align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Exhibit<br>No.</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Description</B></FONT></P></TD>
  </TR>
  <TR valign="top" bgcolor="#e5ffff">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      </FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Opinion of Troutman Sanders LLP*</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      23.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Consent of Deloitte &amp; Touche, LLP*</FONT></P></TD>
  </TR>
  <TR valign="top" bgcolor="#e5ffff">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      </FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      23.2</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Consent of Troutman Sanders LLP* (included in Exhibit 5.1 hereto)</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      24.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Powers of Attorney* (included on signature page)</FONT></P></TD>
  </TR>
</TABLE>
<P style="margin:4mm 0 0.7mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-right:89%; border-top:0.50pt solid ;">&nbsp;</P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:7pt;"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      *</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>
      filed herewith</B></FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="margin:6.3mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>Item 17. <I>Undertakings.</I></B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (a)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      The undersigned Registrant hereby undertakes:</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (1)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (i)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (ii)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, </FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-3</FONT></P>
<P style="margin:2.1mm 0 0;"><hr color=#000000 noshade></P>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:3pt;font-size:0.5mm; ">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:12pt;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;"><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was
      registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change
      in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective registration statement; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (iii)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</FONT></P>
    </TD>
  </TR>
</TABLE>
<P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><I>Provided, however</I>, that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by
  the Registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.</FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (2)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial<I>
      bona fide </I>offering thereof.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (3)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (4)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:19pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (i)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Each prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:19pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (ii)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information required by Section 10(a) of the
      Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in
      Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which the prospectus relates, and the offering of such
      securities at that time shall be deemed to be the initial <I>bona fide </I>offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the
      registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of </FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-4</FONT></P>
<P style="margin:2.1mm 0 0;"><hr color=#000000 noshade></P>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:3pt;font-size:0.5mm; ">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:12pt;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:19pt;"><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (5)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      That, for the purpose of determining liability of the Registrant under the Securities Act of 1933 to any purchaser in the initial distribution of securities:</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:20.04pt;">&nbsp;</TD>
    <TD style="width:18pt;" align="right">&nbsp;</TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      The undersigned Registrant undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of
      any of the following communications, the undersigned Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (i)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (ii)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned Registrant or used or referred to by the undersigned Registrant;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (iii)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      The portion of any other free writing prospectus relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:35.04pt;">&nbsp;</TD>
    <TD style="width:23pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (iv)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.</FONT></P>
    </TD>
  </TR>
</TABLE>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:19pt;" align="right"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (b)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#146;s Annual Report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an
      employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the
      time shall be deemed to be the initial <I>bona fide </I>offering thereof.</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:19pt;" align="right"><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      (c)</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P style="margin:1.8mm 0 0;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange
      Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer of
      controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling
      precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</FONT></P>
    </TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-5</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>

<PAGE>

<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>SIGNATURES</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned,
  thereunto duly authorized, in the Township of Wall, State of New Jersey, on this 14th day of December, 2015.</FONT></P>
<P style="margin:6.3mm 0 0 80.1mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>N</B></FONT><FONT style="font-family:Times, serif; font-size:2.8mm; "><B>EW</B></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "><B> J</B></FONT><FONT style="font-family:Times, serif; font-size:2.8mm; "><B>ERSEY</B></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "><B> R</B></FONT><FONT style="font-family:Times, serif; font-size:2.8mm; "><B>ESOURCES</B></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "><B> C</B></FONT><FONT style="font-family:Times, serif; font-size:2.8mm; "><B>ORPORATION</B></FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "><br>(Registrant)</FONT></P>
<TABLE border="0" cellpadding="0" cellspacing="0" style="margin:9.2mm 0 0 80.1mm; font-size:0.5mm; ">
  <TR valign="top">
    <TD style="width:0%;"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      By: </FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center">
    <P style="margin:0 0 0.4mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ G</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">LENN</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> C. L</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OCKWOOD</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Glenn C. Lockwood<br>Executive Vice President and<br>Chief Financial Officer</B></FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-6</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>POWER OF ATTORNEY</B></FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">KNOW ALL PERSONS BY THESE PRESENTS, that each of the persons whose signatures appear below, hereby constitutes and appoints Laurence M. Downes and Mariellen Dugan, and each or any one of them individually, his and her true and lawful attorneys-in-fact and agents, with full power
  of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, in connection with this registration statement, including to sign in the name and on behalf of such persons any and all amendments (including post-effective amendments) to this registration
  statement and any registration statement relating to any offering made pursuant to this registration statement that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the
  Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as they might or could do in
  person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</FONT></P>
<P style="text-indent:7mm; margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.</FONT></P>
<TABLE cellspacing="0" style="margin-left:0.00%;margin-right:0.00%;width:100.00%;">
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="3" align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Name</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Title</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Date</B></FONT></P></TD>
  </TR>
  <TR valign="bottom">
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:4.5mm; ">
&nbsp;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ L</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">AURENCE</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> M. D</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OWNES</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Laurence M. Downes</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Chairman, President and Chief Executive Officer, Director (Principal Executive Officer)</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ G</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">LENN</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> C. L</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OCKWOOD</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Glenn C. Lockwood</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ L</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">AWRENCE</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> R. C</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ODEY</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Lawrence R. Codey</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ D</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ONALD</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> L. C</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ORRELL</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Donald L. Correll</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ R</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OBERT</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> B. E</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">VANS</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Robert B. Evans</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ M. W</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ILLIAM</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; ">
 H</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OWARD</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; ">, J</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">R</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; ">.</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>M. William Howard, Jr.</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ J</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ANE</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> M. K</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ENNY</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Jane M. Kenny</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ A</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">LFRED</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> C. K</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OEPPE</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Alfred C. Koeppe</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      </FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-7</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<TABLE width=100% border="0" cellpadding="0" cellspacing="0" style="margin:1.4mm 0 0; font-size:0.5mm; ">
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="3" align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Name</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Title</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Date</B></FONT></P></TD>
  </TR>
  <TR valign="bottom">
    <TD align="center"><P><FONT style="font-family:Times, serif; font-size:4.5mm; ">
&nbsp;</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ J. T</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">ERRY</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; ">
 S</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">TRANGE</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>J. Terry Strange</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ S</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">HARON</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> C. T</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">AYLOR</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>Sharon C. Taylor</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ D</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">AVID</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> A. T</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">RICE</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>David A. Trice</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
  <TR>
    <TD style="height:4pt; font-size:0;">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD colspan="3" style="width:30.89%;">
    <P style="margin:2.1mm 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.8mm; ">/s/ G</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">EORGE</FONT><FONT style="font-family:Times, serif; font-size:3.8mm; "> R. Z</FONT><FONT style="font-family:Times, serif; font-size:2.8mm; ">OFFINGER</FONT></P>
<P style="margin:2.1mm 0 1mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; border-top:0.50pt solid ;">&nbsp;</P>
<P align="center" style="margin:0 0 0; text-align:center;"><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>George R. Zoffinger</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD style="width:45.03%;">
    <P style="text-indent:-3.5mm; margin:2.1mm 0 0 3.5mm; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">Director</FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="right" style="width:18.82%;">
    <P style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">December 14, 2015</FONT></P></TD>
  </TR>
</TABLE>
<P align="center" style="margin:2.1mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; ">II-8</FONT></P>
<p><hr color=#000000 noshade></p>
<p style="page-break-before: always; margin-bottom: -12pt">&nbsp;</p>
<PAGE>
<P align="center" style="margin:4.2mm 0 0; "><FONT style="font-family:Times, serif; font-size:3.8mm; "><B>EXHIBIT INDEX</B></FONT></P>
<TABLE cellspacing=0 cellpadding=0 style="margin-left:0.00%; margin-right:0.00%; width:100.00%;" >
  <TR valign="top">
    <TD style="width:6.32%;" colspan="6"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:2.63%"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
    <TD style="width:91.05%;"><P><font style="font-size:0.6mm;">&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom" style="font-size:0.2mm">
    <TD colspan="6" align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Exhibit<br>Number</B></FONT></P></TD>
    <TD width="3">&nbsp;</TD>
    <TD align="center" style="border-bottom:solid .27mm Black; "><P><FONT style="font-family:Times, serif; font-size:3.1mm; "><B>
      Description of Exhibit</B></FONT></P></TD>
  </TR>
  <TR valign="top" bgcolor="#e5ffff">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      </FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      5.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Opinion of Troutman Sanders LLP*</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      23.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Consent of Deloitte &amp; Touche, LLP*</FONT></P></TD>
  </TR>
  <TR valign="top" bgcolor="#e5ffff">
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      </FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      23.2</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Consent of Troutman Sanders LLP* (included in Exhibit 5.1 hereto)</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD><P><font style="font-size:0.2mm">&nbsp;</font></P></td>
    <TD colspan="2">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      24.1</FONT></P></TD>
    <TD colspan="2">&nbsp;</TD>
    <TD width="3">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      Powers of Attorney* (included on signature page)</FONT></P></TD>
  </TR>
</TABLE>
<P style="margin:4mm 0 0.7mm; font-size:0; margin-bottom:3.1mm; margin-top:3.1mm; margin-right:89%; border-top:0.50pt solid ;">&nbsp;</P>
<TABLE cellspacing=0 cellpadding=0 style="margin-top:1.8mm; font-size:0.2mm;">
  <TR valign="top">
    <TD colspan="99"><P style="margin-top:0pt; font-size:0;"></P></TD>
  </TR>
  <TR valign="top">
    <TD style="width:0pt;">&nbsp;</TD>
    <TD style="width:7pt;"><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      *</FONT></P></TD>
    <TD width="7">&nbsp;</TD>
    <TD><P><FONT style="font-family:Times, serif; font-size:3.8mm; ">
      filed herewith</FONT></P>
    </TD>
  </TR>
</TABLE>
<p><hr color=#000000 noshade></p>
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end
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<DOCUMENT>
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<SEQUENCE>3
<FILENAME>c83254_ex5-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>


<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in; text-align: right">Exhibit 5.1</P>


<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>

<table cellpadding="0" cellspacing="0" style="width: 100%">
<tr>
    <TD width=60%><IMG SRC="image_001.jpg" ALT="" STYLE="height: 63px; width: 192px; margin: 0 1.7in"></TD>
    <td>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">TROUTMAN SANDERS
        LLP</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">Attorneys at Law</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">Troutman Sanders
        Building</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">1001 Haxall Point</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">P.O. Box 1122 (23218-1122)</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">Richmond, Virginia
        23219</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">804.697.1200 telephone</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">troutmansanders.com</P>
        <P STYLE="font: 6.5pt/110% Arial, Helvetica, Sans-Serif; margin: 0; letter-spacing: 0.2pt; text-align: right">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></td></tr>
</table>

<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">December 14, 2015</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0">New Jersey Resources Corporation<BR>
1415 Wyckoff Road<BR>
Wall, New Jersey 07719</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">Ladies and Gentlemen:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">We have acted as counsel to New Jersey
Resources Corporation, a New Jersey corporation (the &ldquo;Company&rdquo;), in connection with the Registration Statement on Form
S-3ASR (the &ldquo;Registration Statement&rdquo;) filed by the Company with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
pursuant to the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;) relating to up to an additional 5,000,000
shares (the &ldquo;Shares&rdquo;) of common stock of the Company, par value $2.50 per share (the &ldquo;Common Stock&rdquo;), to
be issued pursuant to the Company&rsquo;s Direct Stock Purchase and Dividend Reinvestment Plan (the &ldquo;Plan&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">This opinion is being furnished in accordance
with the requirements of Item 16 of the Commission&rsquo;s Form S-3 and Item 601(b)(5)(i) of Regulation S-K promulgated under the
Securities Act.</P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">In connection with the foregoing, we have
examined the Registration Statement and the exhibits filed with the Commission on the date hereof. We have also examined originals,
or duplicates or certified or conformed copies, of such corporate records, agreements, documents and other instruments and have
made such other investigations as we have deemed relevant and necessary in connection with the opinions hereinafter set forth.
As to questions of fact material to this opinion, we have relied upon certificates or comparable documents of public officials
and of officers and representatives of the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">In rendering the opinions set forth below,
we have assumed (i) the genuineness of all signatures, (ii) the legal capacity of natural persons, (iii) the authenticity of all
documents submitted to us as originals, (iv) the conformity to original documents of all documents submitted to us as duplicates
or certified or conformed copies, (v) the authenticity of the originals of documents submitted to us as copies and (vi) the due
authorization, execution and delivery of all documents by all parties and the validity, binding effect and enforceability thereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">We do not express any opinion herein concerning
any law other than the laws of the New Jersey Business Corporation Act of the State of New Jersey and the federal law of the United
States. We are not opining on &ldquo;blue sky&rdquo; or other state securities laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">Based upon the foregoing, and subject to
the qualifications, assumptions and limitations stated herein, we are of the opinion that the Shares have been duly authorized
and, when such Shares </P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in"></P>

<P STYLE="font: 6.5pt/125% Arial, Helvetica, Sans-Serif; margin: 0; text-transform: uppercase; letter-spacing: 1.4pt; text-align: center">Atlanta
BEIJING Chicago Hong Kong New York Norfolk Orange County Portland<BR>
Raleigh Richmond San Diego Shanghai Tysons Corner Virginia Beach Washington, DC</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
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<P STYLE="margin: 0"><IMG SRC="image_003.jpg" ALT="" STYLE="width: 112px; height: 34px"></P>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">December 14, 2015</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">Page 2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">have been issued in accordance with the terms of the Plan, will be validly issued, fully paid and nonassessable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">This opinion is given as of the date hereof,
and we assume no obligation to advise you after the date hereof of facts or circumstances that come to our attention or changes
in law that occur which could affect the opinions contained herein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">We hereby consent to the filing of this
opinion letter as an exhibit to the Registration Statement and any amendments thereto and with respect to our name wherever it
appears in the Registration Statement. In giving the foregoing consent, we do not hereby admit that that we are an &ldquo;expert&rdquo;
within the meaning of the Securities Act or that we otherwise come within the category of persons whose consent is required under
Section 7 of the Securities Act or the rules and regulations of the Commission thereunder. This opinion is being rendered solely
for the benefit of the Company in connection with the matters addressed herein. This opinion may not be relied upon by you for
any other purpose, or furnished or quoted to or relied upon by any other persons, firm or entity for any purpose, without our prior
written consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 2.6in 12pt;">Very truly yours,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 2.6in 12pt">/s/ Troutman Sanders LLP</P>


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<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>c83254_ex23-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Exhibit 23.1</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">We consent to the incorporation by reference in this Registration
Statement on Form S-3 of our reports dated November 24, 2015, relating to the consolidated financial statements and financial statement
schedule of New Jersey Resources Corporation (the &ldquo;Company&rdquo;), and the effectiveness of the Company&rsquo;s internal
control over financial reporting, appearing in the Annual Report on Form 10-K of New Jersey Resources Corporation for the year
ended September 30, 2015, and to the reference to us under the heading &ldquo;Experts&rdquo; in the Prospectus, which is part of
this registration statement.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>/s/ </I>DELOITTE &amp; TOUCHE LLP</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Parsippany, New Jersey</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">December 14, 2015</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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