<SEC-DOCUMENT>0001206774-19-000374.txt : 20190211
<SEC-HEADER>0001206774-19-000374.hdr.sgml : 20190211
<ACCEPTANCE-DATETIME>20190211170014
ACCESSION NUMBER:		0001206774-19-000374
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190207
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
FILED AS OF DATE:		20190211
DATE AS OF CHANGE:		20190211

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08359
		FILM NUMBER:		19586291

	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
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<TYPE>8-K
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<FILENAME>njr3543881-8k.htm
<DESCRIPTION>CURRENT REPORT
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<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=4 face="Times New Roman">Washington, DC 20549</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">FORM 8-K</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=4 face="Times New Roman">CURRENT REPORT</FONT></B></P>
<P style="TEXT-ALIGN: center"><B><FONT size=3 face="Times New Roman">PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>
<P style="TEXT-ALIGN: center"><FONT size=3 face="Times New Roman">Date of Report (Date of earliest event reported): February 7, 2019
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<P style="TEXT-ALIGN: center"><B><FONT size=5 face="Times New Roman">NEW JERSEY RESOURCES CORPORATION<BR></FONT></B><FONT size=3 face="Times New Roman">(Exact Name of registrant as specified in its charter)</FONT></P>
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   <TD width="33%" noWrap align=center><B><FONT size=2 face="Times New Roman">New Jersey</FONT></B></TD>
   <TD width="33%" noWrap align=center><B><FONT size=2 face="Times New Roman">001-08359</FONT></B></TD>
   <TD width="33%" noWrap align=center><B><FONT size=2 face="Times New Roman">22-2376465</FONT></B></TD></TR>
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   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">(State or Other</FONT></TD>
   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">(Commission</FONT></TD>
   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">(IRS Employer</FONT></TD></TR>
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   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">Jurisdiction</FONT></TD>
   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">File Number)</FONT></TD>
   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">Identification No.)</FONT></TD></TR>
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   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">of Incorporation)</FONT></TD>
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   <TD width="33%" noWrap align=left></TD></TR>
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   <TD width="99%" colSpan=3>&nbsp;</TD></TR>
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   <TD width="66%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">1415 Wyckoff Road</FONT></B></TD>
   <TD width="33%" noWrap align=left></TD></TR>
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   <TD width="66%" colSpan=2 noWrap align=center><B><FONT size=2 face="Times New Roman">Wall, New Jersey</FONT></B></TD>
   <TD width="33%" noWrap align=center><B><FONT size=2 face="Times New Roman">07719</FONT></B></TD></TR>
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   <TD width="66%" colSpan=2 noWrap align=center><FONT size=2 face="Times New Roman">(Address of Principal Executive Offices)</FONT></TD>
   <TD width="33%" noWrap align=center><FONT size=2 face="Times New Roman">(Zip Code)</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><B><FONT size=2 face="Times New Roman">(732) 938-1480<BR></FONT></B><FONT size=2 face="Times New Roman">(Registrant&#8217;s telephone number, including area code)</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT size=2 face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">[&nbsp; ]&nbsp;&nbsp;</FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">[&nbsp; ] </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">[&nbsp; ] </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">[&nbsp; ] </FONT></TD>
   <TD width="99%" noWrap align=left><FONT size=2 face="Times New Roman">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify"><FONT size=2 face="Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</FONT></P>
<P style="TEXT-ALIGN: right"><FONT size=2 face="Times New Roman">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2 face="Times New Roman">[ &nbsp;]</FONT></P>
<P style="TEXT-ALIGN: justify"><FONT size=2 face="Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. </FONT><FONT size=2 face="Times New Roman">[&nbsp;&nbsp;]</FONT></P>
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<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Times New Roman">Item 2.01 Completion of Acquisition or Disposition of Assets.</FONT></B></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">On February 7, 2019, New Jersey Resources Corporation (&#8220;NJR&#8221;) completed the sale of its remaining 117 megawatt (MW) wind portfolio, consisting of four wind farms (the &#8220;Sale&#8221;), owned by NJR&#8217;s indirect wholly owned subsidiary, NJR Clean Energy Ventures II Corporation (&#8220;NJR CEV II&#8221;). Specifically,</FONT></P>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">(i)</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>

   <TD STYLE="width: 100%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Alexander Wind Farm, LLC, which owns a 50.7 megawatt wind power generation facility, located in Rush County, Kansas;</FONT></TD></TR>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">(ii)</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 100%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Carroll Area Wind Farm, LLC, which owns a 20 megawatt wind power generation facility located in Carroll County, Iowa;</FONT></TD></TR>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">(iii)</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 100%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Medicine Bow Wind, LLC, which owns a 6.4 megawatt wind power generation facility, located in Carbon County, Wyoming; and</FONT></TD></TR>

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   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">(iv)</FONT></TD>

   <TD STYLE="width: 1%; white-space: nowrap; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman"></FONT></TD>

   <TD STYLE="width: 100%; text-align: left; vertical-align: top"><FONT size=2 face="Times New Roman">Ringer Hill Wind, LLC, which owns a 39.9 megawatt wind power generation facility, located in Somerset County, Pennsylvania.</FONT></TD></TR></TABLE>


<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The Sale was made pursuant to a Membership Interest Purchase Agreement (the &#8220;MIPA&#8221;), dated November 21, 2018, between NJR CEV II and SRIV Partnership LLC (&#8220;Buyer&#8221;), a subsidiary of Skyline Renewables LLC, a partnership between Ardian Infrastructure Partners and Transatlantic Power Holdings to build a renewable platform based in the United States. The purchase price paid by the Buyer was approximately $208.6 million in cash, subject to a post-closing working capital adjustment.
</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Times New Roman">The foregoing description of the MIPA is qualified in its entirety by reference to the MIPA, which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed on November 21, 2018, and is incorporated into this report by reference.</FONT></P>

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<P style="TEXT-ALIGN: center"><U><FONT size=2 face="Times New Roman">SIGNATURES</FONT></U></P>

<P STYLE="text-align: left; text-indent: 15pt"><FONT size=2 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</FONT></P>

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   <TD width="50%" colSpan=3 align=left><U><FONT size=2 face="Times New Roman">NEW JERSEY RESOURCES CORPORATION</FONT></U></TD></TR>
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   <TD width="50%" noWrap align=left><FONT size=2 face="Times New Roman">Date: February 11, 2019</FONT></TD>
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   <TD width="1%" noWrap align=left><FONT size=2 face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
   <TD style="BORDER-BOTTOM: #000000 1pt solid" width="25%" noWrap align=left><FONT size=2 face="Times New Roman">/s/ Patrick J. Migliaccio</FONT></TD>
   <TD width="24%" noWrap align=left>&nbsp;</TD></TR>
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   <TD width="49%" colSpan=2 align=left><FONT size=2 face="Times New Roman">Patrick J. Migliaccio</FONT></TD></TR>
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   <TD width="49%" colSpan=2 align=left><FONT size=2 face="Times New Roman">Senior Vice President and</FONT></TD></TR>
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   <TD width="49%" colSpan=2 align=left><FONT size=2 face="Times New Roman">Chief Financial Officer</FONT></TD></TR></TABLE>


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