Item 1. Business
General
The registrant, South Jersey Industries, Inc. (the Company), a New Jersey corporation, was formed in 1969 for the purpose of owning and holding all of the outstanding common stock of South Jersey Gas Company (South Jersey Gas), a public utility, and acquiring and developing nonutility lines of business. Energy & Minerals, Inc. (EMI), a wholly-owned subsidiary of the Company, was formed in 1977 to own, finance and further develop certain nonutility businesses. Through a subsidiary, EMI is engaged in the mining, processing and marketing of construction, commercial, industrial and other specialty sands and gravels. South Jersey Energy Company, a wholly-owned subsidiary of the Company, provides services for the acquisition and transportation of natural gas for commercial and industrial users. R&T Group, Inc. (R&T), a wholly-owned subsidiary of the Company, was formed in 1989 to own, finance and further develop certain utility construction, general construction and environmental remediation businesses. R&T engages in these businesses through several operating subsidiaries.
Financial Information About Industry Segments
Information regarding the Industry Segments is incorporated by reference to Note 2 on page 16 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Description of Business
The Company is engaged in the business of operating, through subsidiaries, various business enterprises. The Company's most significant subsidiary is South Jersey Gas.
South Jersey Gas, a New Jersey corporation, is an operating public utility company engaged in the purchase, transmission and sale of natural gas for residential, commercial and industrial use in an area of approximately 2,500 square miles in the southern part of New Jersey. South Jersey Gas also transports natural gas purchased directly by some of its customers.
South Jersey Gas' service territory includes 112 municipalities throughout Atlantic, Cape May, Cumberland and Salem Counties and portions of Burlington, Camden and Gloucester Counties, with an estimated permanent population of 1,004,000.
South Jersey Gas serves 235,067 residential, commercial and industrial customers (at December 31, 1993) in southern New Jersey. Gas sales and transportation for 1993 amounted to 59,080,000 Mcf (thousand cubic feet), of which 48,084,000 Mcf was firm sales and transportation, 7,433,000 Mcf was interruptible sales and transportation and 3,563,000 Mcf was off system sales. The breakdown of firm sales includes 40.3% residential, 19.1% commercial, 14.0% cogeneration and electric generation, 5.4% industrial and other, and 21.2% transportation. At year-end 1993, the Company served 218,484 residential customers, 16,206 commercial customers and 377 industrial customers. This includes 1993 net additions of 5,545 residential customers and 357 commercial customers. The decrease of 17 industrial customers is mainly attributed to transfers between customer classifications. South Jersey Gas generates transportation revenues for delivering such supplies.
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Under a five-year agreement executed in 1990 with Atlantic Electric, an electric utility serving southern New Jersey, South Jersey Gas supplies natural gas to Atlantic Electric's combustion turbine facility in Cumberland County. This gas service is being provided under the terms of a firm electric service tariff approved by the New Jersey Board of Regulatory Commissioners (BRC) on a demand/commodity basis. In 1993, 2.9 Bcf (billion cubic feet) was delivered under this agreement.
South Jersey Gas serviced eight cogeneration facilities in 1993 and one additional facility is expected to come into service later in 1994. Combined sales and transportation of natural gas to such customers amounted to approximately 9 Bcf in 1993.
During 1993, South Jersey Gas began making wholesale non-jurisdictional gas sales for resale to gas marketers for ultimate delivery to end users. These "off-system" sales were made possible through the issuance of FERC Order No. 547. This order issues blanket certificates of public convenience and necessity authorizing all parties, which are not interstate pipelines, to make FERC jurisdictional gas sales for resale at negotiated rates. During 1993, off- system sales amounted to 3.6 Bcf. Gas supply utilized to make said sales was gas available in excess of the requirements of its jurisdictional customers.
Supplies of natural gas available to South Jersey Gas that are in excess of the quantity required by those customers who use gas as their sole source of fuel (firm customers) make possible the sale of gas on an interruptible basis to commercial and industrial customers whose equipment is capable of using natural gas or other fuels, such as fuel oil and propane. The term "interruptible" is used in the sense that deliveries of natural gas may be terminated by South Jersey Gas at any time if this action is necessary to meet the needs of customers purchasing gas under firm rate tariffs. Usage by interruptible customers in 1993 amounted to approximately 11.0 Bcf. (Approximately 18.6 percent of the total volume of gas delivered).
No material part of South Jersey Gas business is dependent upon a single customer or a few customers.
The majority of the South Jersey Gas residential customers reside in the northern and western portions of its service territory in Burlington, Camden, Salem and Gloucester counties. Approximately 50 percent of new customers reside in this section of the service territory, which includes the residential suburbs of Wilmington and Philadelphia. The franchise area to the east is centered on Atlantic City and the neighboring resort communities in Atlantic and Cape May counties, which experience large population increases in the summer months. The impact of the casino gaming industry on the Atlantic City area has resulted in the creation of new jobs and the expansion of the residential and commercial infrastructure necessary to support a developing year-round economy. Atlantic City is experiencing a second wave of development as a result of casino gaming. The centerpiece of this development is the new $254 million dollar multi-purpose convention center, accompanied with a planned billion dollar hotel and entertainment complex. These facilities will be used to attract large conventions as well as making Atlantic City into a family resort on a year around basis. The convention center is expected to be in operation as early as 1996.
Manufacturers or processors of sand, glass, farm products, paints, chemicals and petroleum products are located in the western and southern sectors of the service territory. New commercial establishments and high technology industrial parks and complexes are expected to be part of the economic growth of this area.
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South Jersey Gas' service area includes parts of the Pinelands region, a largely undeveloped area in the heart of southern New Jersey. Future construction in this area is expected to be limited by statute and by a master plan adopted by the New Jersey Pinelands Commission; however, in terms of potential growth, significant portions of South Jersey Gas' service area are not affected by these limitations.
As a public utility, South Jersey Gas is subject to regulation by the BRC. Additionally, the Natural Gas Policy Act, which was enacted in November 1978, contains provisions for Federal regulation of certain aspects of South Jersey Gas' business. South Jersey Gas is affected by Federal regulation with respect to transportation and pricing policies applicable to its natural gas purchases from Transcontinental Gas Pipeline Corporation (Transco), South Jersey Gas' major supplier, and Columbia Gas Transmission Corporation (Columbia), since such purchases are made under rates and terms established under the jurisdiction of the Federal Energy Regulatory Commission (FERC).
Retail sales by South Jersey Gas are made under rate schedules within a tariff filed with and subject to the jurisdiction of the BRC. These rate schedules provide primarily for either block rates or demand/commodity rate structures. The tariff contains provisions permitting South Jersey Gas to pass on to customers increases and decreases in the cost of purchased gas supplies. The tariff also contains provisions permitting the recovery of environmental remediation costs associated with former gas plant sites and for the adjustment of revenues due to the impact of degree day fluctuations which approximate 7% greater or less than an established 10-year normal.
Revenue requirements for ratemaking purposes are established on the basis of firm and interruptible sales projections. In August 1992, the BRC granted SJG a rate increase of $3.35 million based on an overall rate of return of 10.34% including a 12.1% return on equity. As part of this rate increase, SJG is allowed to retain the first $3.9 million of base revenues generated by interruptible sales and 20% of base revenues generated by such sales above that level until it realizes a 12.1% return on equity. SJG also received authority to implement the environmental remediation cost recovery mechanism as part of this order. In January 1994, South Jersey Gas petitioned the BRC for a general base rate increase of approximately $26.6 million, including a 12.75% return on equity. Additional information on regulatory affairs and the 1994 rate petition is incorporated by reference to Note 1 on page 14 and Notes 9 and 10 on pages 17 and 18 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
South Jersey Energy Company (Energy Company), a New Jersey corporation, is a wholly owned non-regulated subsidiary of the Company and is engaged in providing services for the acquisition and transportation of natural gas for industrial and commercial users.
Energy & Minerals, Inc., a New Jersey corporation, is a holding company that owns all of the outstanding common stock of The Morie Company, Inc. (Morie Company), and an inactive company, South Jersey Fuel, Inc. (Fuel Company).
Morie Company, a New Jersey corporation, is engaged in the mining, processing and marketing of a broad range of industrial and commercial sands and gravels. Its principal products are glass sand used for manufacturing cookware, containers and flat glass, foundry sand used as the core and molding medium in iron and steel foundries, and construction sand and gravels. Morie Company also produces sandblasting sands, filter sands and gravels, well gravels, special sand mixes for athletic tracks and golf courses, resin-coated sands, clay products and a wide variety of specialty products, including specially processed silica for the electronics industry.
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Total customers of Morie Company number in the thousands, and no single customer accounts for as much as 10% of annual sales. Tonnage sales in 1993 were approximately 9.5% higher than 1992, and Morie Company attributes this increase to slowly improving economic activity. Keen competition and railroad deregulation are factors affecting prices on a delivered basis. All Morie Company facilities are in good operating condition and, along with ample high- quality mineral reserves, are capable of handling expanding markets and of supporting increased market share.
Fuel Company, a New Jersey corporation, sold its operating assets in November 1985 and is no longer in the business of distributing petroleum products.
R&T, a New Jersey corporation, is a holding company that owns all the common stock of R and T Castellini Company, Inc. (Castellini Company), S.W. Downer, Jr. Company, Inc. (Downer Company), Onshore Construction Company, Inc. (Onshore), Cape Atlantic Crane Co., Inc. (Cape Atlantic) and, beginning in 1993, R & T Castellini Construction Company, Inc. (R & T Construction). In 1993, approximately 50% of R&T net sales related to competitive-bid work performed for South Jersey Gas. No other customer accounted for as much as 10% of R&T's consolidated revenues in 1993.
Castellini Company, a New Jersey corporation, is engaged in the installation of gas, water and sewer lines, plant maintenance, site work and environmental cleanup and remediation.
Downer Company, a New Jersey corporation, is engaged in the installation of gas, water and sewer lines, plant maintenance, site work and environmental cleanup and remediation.
Onshore, a New Jersey corporation, is principally engaged in the installation of large diameter pipe, sewerage plants, bridges, dams and other heavy construction projects.
Cape Atlantic, a New Jersey corporation, is principally engaged in the rental of cranes.
R & T Construction, a Delaware Corporation, is engaged in the installation of gas, water and sewer lines, plant maintenance, site work and environmental cleanup and remediation.
In 1993, the Company made no public announcement of, or otherwise made public information about, a new product or industry segment that would require the investment of a material amount of the assets of the Company or which otherwise was material.
Raw Materials
South Jersey Gas Pipeline Supply
South Jersey Gas has direct connections to two interstate pipelines, Transcontinental Gas Pipe Line (Transco) and Columbia Gas Transmission (Columbia). During 1993, services provided to South Jersey Gas from these pipelines along with same provided by CNG Transmission Corporation (CNG) were subject to changes as directed by the Federal Energy Regulatory Commission (FERC) when it issued its Order No. 636 "Pipeline Service Obligations and Revisions to Regulations Governing Self-Implemented Transportation Under Part 284 of the Commission's Regulations" issued on April 8, 1992. This order required significant alterations in the structure of interstate natural gas pipeline services.
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Order No. 636 and its companion series of orders (636-A and 636-B) were intended by the FERC to complete the transition to a competitive natural gas industry initiated by the Natural Gas Policy Act of 1978 whereby all natural gas suppliers are able to compete for gas purchases on an equal footing.
The pipeline suppliers mentioned above filed Order No. 636 compliance filings late in 1992 and also submitted revised compliance filings during 1993. In these compliance filings each pipeline was required to submit a comprehensive explanation as to how it intended to implement the restructuring of its pipeline system services.
The FERC subsequently approved these revised compliance filings in time for the pipelines to implement the provisions of Order No. 636 in advance of the 1993-94 winter heating season.
Transco
Transco, during 1991, unbundled its sales and transportation services as a result of a FERC approved settlement that was negotiated with its customers. At that time South Jersey Gas replaced its Commodity and Demand (CD) gas purchase contract with Transco with a Firm Transportation (FT) service and a gas purchase agreement (FS service). The FS service is a FERC approved service that provides a guaranteed supply of up to 111,869 Mcf per day of gas and gives the Company the option to buy gas from other suppliers to be transported under the firm transportation capacity if such supplies are available at lower costs. The initial term of the FS agreement extends through March 31, 2001.
On May 14, 1993, in response to Transco's compliance filing, the FERC issued an order in Transco's Order No. 636 restructuring proceeding. In said order, the FERC required, among other things, that Transco unbundle that portion of its Eminence Storage Field (approximately 3.1 billion cubic feet (Bcf)), previously reserved for use by Transco in rendering "swing supply" service to its sales (FS) customers. The FERC also directed that Transco should make its unbundled Eminence Storage capacity available on a priority basis to its existing FS customers and South Jersey Gas was allocated 316,177 Mcf of this storage capacity.
In addition to FS service, South Jersey Gas has a ten-year gas supply agreement with Vastar Gas Marketing (Vastar - formerly Arco Natural Gas) for delivery to its service territory by way of Transco FT service.
During the 1992-93 winter season, South Jersey Gas began receiving delivery of up to 24,700 Mcf per day of gas under a firm transportation agreement that was entered into with Transco as part of the Texas Gas-CNG Transmission-Transco project that was developed to provide additional firm pipeline capacity to deliver gas to the U.S. Northeast under Transco's Rate Schedule FT-NT. The gas source that is available for transportation on the Transco-CNG Transmission- Texas Gas pipeline capacity is purchased from Amerada Hess under a 15 year gas supply agreement.
Additionally, South Jersey Gas has a winter season peaking transportation service on the Transco system which is available for the period December 1 through the last day of February of each year. South Jersey Gas' maximum daily entitlement under this service is 2,900 Mcf per day. South Jersey Gas can transport third party gas via said service and has contracted with Amerada Hess for a long-term firm gas supply to fill its capacity during each winter season.
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Columbia
As part of its FERC Order No. 636 restructuring, Columbia unbundled its traditional sales service from its firm transportation service and as such has eliminated its previous long term sales service under Rate Schedule CDS. South Jersey Gas previously held a CDS sales agreement with Columbia which provided for a maximum daily sales entitlement of 33,816 Mcf per day. As a result of Columbia's restructuring, South Jersey Gas has been assigned an equivalent 33,816 Mcf per day of firm transportation capacity on both Columbia and its affiliate Columbia Gulf Transmission Company (Columbia Gulf).
As a result of the above, during 1993, South Jersey Gas entered into long- term gas purchase agreements with Vastar, Texaco Gas Marketing, and Union Pacific Fuels for a total of 33,816 Mcf of gas per day to fill this firm pipeline capacity on the Columbia and Columbia Gulf pipeline systems.
Additionally during 1993, 483,092 Mcf of storage capacity previously rendered to South Jersey Gas under Columbia's Rate Schedule WS was converted to storage service rendered under Rate Schedule FSS on a one-for-one basis.
On July 31, 1991, Columbia and its parent, Columbia Gas Systems, Inc. filed for Chapter 11 bankruptcy protection. Columbia has stated to its customers that it would fulfil all contractual obligations pending reorganization. To date Columbia has met all contractual obligations and it is anticipated this will be the case in the future.
On January 18, 1994 Columbia filed a reorganization plan with the U.S. Bankruptcy Court for the District of Delaware. An order on this filing is still pending.
CNG
As part of its Order No. 636 restructuring, CNG has abandoned gas sales service under its Rate Schedule SCQ. South Jersey Gas previously had an SCQ Service Agreement with CNG which provided for the delivery of 9,662 Mcf per day to Transco at Leidy, PA for ultimate delivery to the Company during the period November 16 through March 31 of each winter season. As a result of Order No. 636 CNG has replaced the 9,662 Mcf per day of SCQ sales service with 5,357 Mcf per day of Firm Transportation (FT) service from various Appalachian aggregation points located in Pennsylvania and West Virginia and 408,670 Mcf of storage capacity with 4,305 Mcf per day of storage withdrawal demand in CNG's GSS Storage Service. During 1993 to facilitate the utilization of these new services, South Jersey Gas entered into separate gas sales and capacity management agreements with CNG Gas Services Corporation, a non-jurisdictional affiliate of CNG. Through these agreements South Jersey Gas has assigned to CNG Gas Services its pipeline FT and storage entitlements on the CNG pipeline system for use to provide South Jersey Gas with up to 9,662 Mcf per day of gas during the winter seasons, November 16 through March 31 of each year.
Peak-Day Supply
South Jersey Gas plans for a winter season peak-day demand on the basis of an average daily temperature of 5 degrees F. Gas demand on such a design day was estimated for the 1993-94 winter season to be 357,980 Mcf versus a design day supply of 400,521 Mcf. On January 19, 1994, South Jersey Gas experienced a peak-day demand of 365,629 Mcf with an average temperature of 2.68 degrees F.
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Storage Services
In addition to its normal gas suppliers, South Jersey Gas has nine storage services that are capable of storing 11.7 Bcf of gas and provide a total daily delivery capacity of 111,607 Mcf. While these storage services do not represent an additional source of gas, they do provide South Jersey Gas with flexibility to acquire gas during periods of low demand and store it until it is needed during winter heating seasons and other times of high demand.
South Jersey Gas has the following contracts for gas storage service:
Contract Term Storage Capacity
1972 - 1994 1,362,980 Mcf 1980 - 1998 4,257,135 Mcf Year-to-Year 137,813 Mcf Year-to-Year 207,770 Mcf (1) 1984 - 1994 1,182,609 Mcf 1987 - 2002 500,000 Mcf 1988 - 2008 1,307,400 Mcf 1989 - 2009 1,099,346 Mcf 1990 - 2005 1,705,000 Mcf
(1) Contract is for storage of liquefied natural gas; the amount shown is natural gas equivalent.
Supplemental Gas Supplies
In 1993, South Jersey Gas injected 371,653 Mcf of vaporized liquefied natural gas (LNG) into its distribution system from its McKee City, New Jersey LNG facility. This LNG was obtained through a long-term LNG purchase agreement with Distrigas of Massachusetts Corporation and from gas liquefaction services that were provided by Transco and UGI Utilities, Inc.
South Jersey Gas' three propane-air vaporization plants enable it to augment natural gas supplies during periods of peak demand by vaporizing liquid propane and mixing the vaporized propane with air to form a gas that is compatible with natural gas. During 1993, 2,097 Mcf of propane-air gas was utilized by South Jersey Gas.
Gas Prices
During 1993 South Jersey Gas purchased and had delivered to it approximately 44.9 Bcf of natural gas for distribution to its customers in New Jersey. Of this total, 39.3 Bcf was transported on the Transco pipeline system and 5.6 Bcf was transported on the Columbia pipeline system.
The Company's average cost of gas purchased in 1993 was $3.72 per Mcf, which unit cost includes all demand and commodity charges.
Energy & Minerals, Inc.
Morie Company
Morie Company obtains substantially all of the materials which it processes from its owned or leased properties in New Jersey, Tennessee, Georgia and Alabama. (See Item 2.
Item 2. Properties
The principal property of South Jersey Gas consists of its gas transmission and distribution systems that include mains, service connections and meters. The transmission facilities carry the gas from the connections with Transco and Columbia to South Jersey Gas' distribution systems for delivery to customers. As of December 31, 1993, there were approximately 335 miles of mains in the transmission systems and 4,407 miles of mains in the distribution systems.
South Jersey Gas owns office and service buildings, including its corporate headquarters, at eight locations in the territory, a liquefied natural gas storage and vaporization facility, and three propane-air vaporization plants. Also, South Jersey Gas owns a bus parking lot in Atlantic City, N.J.
As of December 31, 1993, the South Jersey Gas utility plant had a gross book value of $473,066,666 and a net book value, after accumulated depreciation, of $346,344,340. In 1993, $33,367,803 was spent on additions to utility plant and there were retirements of property having an aggregate gross book cost of $2,583,711. Construction expenditures for 1994 are currently expected to approximate $38.0 million.
Virtually all of the South Jersey Gas transmission pipeline, distribution mains and service connections are in streets or highways or on the property of others. The South Jersey Gas transmission and distribution systems are maintained under franchises or permits or rights-of-way, many of which are perpetual. The South Jersey Gas properties (other than property specifically excluded) are subject to a lien of mortgage under which its first mortgage bonds are outstanding. South Jersey Gas' properties are well-maintained and in good operating condition .
EMI owns two properties in Atlantic City, N.J., which include commercial space that is being rented to others. EMI also owns and rents two commercial properties in Millville, N.J., one of which is rented to Morie Company.
Morie Company owns ten plants, six of which are located in New Jersey, two in Tennessee, one in Georgia and one in Alabama. The Morie Company owns approximately 5,800 acres of land and leases approximately 5,100 acres of land. The combined acreage includes approximately 1,400 acres of mineable reserves. The mineral leases typically grant the right to mine sand and gravel for an initial period with several renewal options. The mineral leases typically provide for a royalty per ton mined and sold. Morie Company estimates its proven reserves of sand at approximately 129,000,000 tons of raw aggregates which may be profitably extracted and processed, based on present methods of operation and prevailing prices. Reserves have been estimated on the basis of laboratory and field analyses of samples produced by techniques such as split spoon, core drillings and excavating experience on the sites.
R&T operating companies share land and buildings at two principal locations used for administrative operations and housing facilities for vehicles, heavy equipment and supplies.
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The Company owns approximately 139 acres of land in Folsom, New Jersey, approximately 9.29 acres of land in Linwood, New Jersey, and an office building in Chester, Pennsylvania.
Item 3.
Item 3. Legal Proceedings
The Company is not aware of any pending or potential legal proceedings that it believes will have a material effect on its operations or consolidated financial position. Reference is made to Notes 9 and 10 on pages 17 and 18 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Item 4.
Item 4. Submission Of Matters To A Vote of Security Holders
No matter was submitted to a vote of security holders during the fourth quarter of the 1993 fiscal year.
Item 4 - A. Executive Officers (Other Than Directors) of the Registrant
Name Age Positions with the Company
Gerald S. Levitt 49 Vice President
George L. Baulig 51 Secretary and Assistant Treasurer
Richard B. Tonielli 54 Treasurer
There is no family relationship among the officers of the registrant.
Gerald S. Levitt was elected Vice President of the Company and Senior Vice President of South Jersey Gas effective November 1, 1983. He has served as Chief Financial Officer of the Company since October 1, 1989. He was elected Executive Vice President of South Jersey Gas on November 1, 1986. Mr. Levitt was Vice President of EMI from November 1983 to November 1986. Mr. Levitt is also a member of the Board of Directors of Morie Company.
Richard B. Tonielli was elected Treasurer of the Company effective September 1981. He has served as Senior Vice President, Finance since April 1, 1988 and he has served in other officer positions of South Jersey Gas since 1983. Mr. Tonielli serves as Vice President and Treasurer of EMI (September 1981 to date) and Treasurer of R&T Group, Inc. (October 1989 to date).
George L. Baulig was elected Secretary and Assistant Treasurer of the Company, South Jersey Gas and EMI effective November 1, 1980. Mr. Baulig is also Secretary of R&T Group, Inc. (October 1989 to date), South Jersey Energy Company and Morie Company.
Executive officers of the Company are elected annually and serve at the pleasure of the Board of Directors.
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PART II
Item 5.
Item 5. Market for the Registrant's Common Stock and Related Stockholder Matters
Information required by this Item is incorporated by reference to Note 6 on page 17 and the bottom of page 22 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Item 6.
Item 6. Selected Financial Data
Information required by this Item is incorporated by reference to page 1 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Item 7.
Item 7. Management's Discussion and Analysis of Results of Operations and Financial Condition
Information required by this Item is incorporated by reference to pages 19, 20 and 21 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Item 8.
Item 8. Financial Statements and Supplementary Data
Information required by this Item is incorporated by reference to pages 10 through 19 and page 22 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
None
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PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant
Information required by this Item relating to the directors of the Company is incorporated by reference to pages 2 through 5 of the Company's definitive Proxy Statement, dated March 9, 1994, filed with the Commission, File number 1-6364, in connection with the Company's 1994 Annual Meeting of Shareholders. Information required by this Item relating to the executive officers (other than Directors) of the Company is set forth in Item 4 - A of this report.
Item 11.
Item 11. Executive Compensation
Information required by this Item is incorporated by reference to pages 5 through 11 (except for the Report of the Compensation/Pension Committee on page 9 and the Stock Performance Graph on page 10, which are not so incorporated) of the Company's definitive Proxy Statement, dated March 9, 1994, filed with the Commission, File number 1-6364, in connection with the Company's 1994 Annual Meeting of Shareholders.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Information required by this Item is incorporated by reference to pages 2 through 5 of the Company's definitive Proxy Statement, dated March 9, 1994, filed with the Commission, File number 1-6364, in connection with the Company's 1994 Annual Meeting of Shareholders.
Item 13.
Item 13. Certain Relationships and Related Transactions
Information required by this Item is incorporated by reference to page 6 of the Company's definitive Proxy Statement, dated March 9, 1994, filed with the Commission, File number 1-6364, in connection with the Company's 1994 Annual Meeting of Shareholders.
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PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Listed below are all financial statements and schedules filed as part of this report:
1 - The consolidated financial statements and notes to consolidated financial statements together with the report thereon of Deloitte & Touche, dated February 16, 1994, are incorporated herein by reference to pages 10 through 19 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
2 - Supplementary Financial Information Page(s)
Information regarding selected quarterly financial data is incorporated herein by reference to page 22 of the Company's Annual Report to Shareholders for the year ended December 31, 1993, which Annual Report is attached to this report. See Item 14(c)(13).
Supplemental Schedules as of December 31, 1993, 1992 and 1991 and for the three years ended December 31, 1993, 1992, and 1991:
The Independent Auditors' Report of Deloitte & Touche, Auditors of the Company 25
Schedule V - Property, Plant and Equipment 26-34
Schedule VI - Accumulated Depreciation, Depletion and Amortization of Property, Plant and Equipment 35-43
Schedule VIII - Valuation and Qualifying Accounts 44
Schedule IX - Short-Term Borrowings 45
Schedule X - Supplementary Income Statement Information 46
(All Schedules, other than those listed above, are omitted because the information called for is included in the financial statements filed or because they are not applicable or are not required. Separate financial statements are not presented because all consolidated subsidiaries are wholly-owned.)
3 - See Item 14(c)(13)
(b) No reports on Form 8-K have been filed by the Company during the quarter ended December 31, 1993.
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(c) List of Exhibits (Exhibit Number is in Accordance with the Exhibit Table in Item 601 of Regulation S-K)
Exhibit Incorporated by Reference From Number Exhibit Reference Document
(3)(a)(i) Certificate of Incorporation (4)(a) Form S-2 of the Company, as amended (2-91515) through April 19, 1984.
(3)(a)(ii) Amendment to Certificate of (4)(e)(1) Form S-3 Incorporation relating to (33-1320) two-for-one stock split effective as of April 28, 1987.
(3)(a)(iii) Amendment to Certificate of (4)(e)(2) Form S-3 Incorporation relating to (33-1320) director and officer liability.
(3)(b) Bylaws of the Company as (3)(c) Form 10-K amended and restated for 1990 through October 1, 1990. (1-6364)
(4)(a) Form of Stock Certificate (4)(a) Form 10-K for common stock. for 1985 (1-6364)
(4)(b)(i) First Mortgage Indenture (4)(b)(i) Form 10-K dated October 1, 1947 for 1987 (1-6364)
(4)(b)(vi) Form of South Jersey Gas (4)(b)(vi) Form 10-K Company First Mortgage for 1980 Bond, 7-7/8% Series due 1994. (1-6364)
(4)(b)(vii) Form of South Jersey Gas (4)(b)(vii) Form 10-K Company First Mortgage for 1980 Bond, 8-1/4% Series due 1996. (1-6364)
(4)(b)(viii) Form of South Jersey Gas (4)(b)(viii) Form 10-K Company First Mortgage for 1980 Bond, 8-1/4% Series due 1998. (1-6364)
(4)(b)(x) Twelfth Supplemental Inden- 5(b) Form S-7 ture, dated as of June 1, (2-68038) 1980.
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Exhibit Incorporated by Reference From Number Exhibit Reference Document
(4)(b)(xii) Fifteenth Supplemental (4)(b)(xiii) Form 10-K Indenture, dated July for 1986 1, 1986, 9.2% Series (1-6364) due 1998.
(4)(b)(xiv) Sixteenth Supplemental (4)(b)(xv) Form 10-Q Indenture dated as of for quarter April 1, 1988, 10-1/4% ended Series due 2008. March 31, 1988 (1-6364)
(4)(b)(xv) Seventeenth Supplemental (4)(b)(xv) Form 10-K Indenture dated as of for 1989 May 1, 1989. (1-6364)
(4)(b)(xvi) Eighteenth Supplemental (4)(e) Form S-3 Indenture, dated as of (33-36581) March 1, 1990.
(4)(b)(xvii) Nineteenth Supplemental (4)(b)(xvii) Form 10-K Indenture, dated as of for 1992 April 1, 1992. (1-6364)
(4)(b)(xviii) Twentieth Supplemental Indenture, dated as of June 1, 1993. (filed herewith)
(9) None
(10)(d) Gas storage agreement (GSS) between South Jersey Gas Company and Transco, dated October 1, 1993. (filed herewith)
(10)(e) Gas storage agreement (S-2) (5)(h) Form S-7 between South Jersey Gas (2-56223) Company and Transco, dated December 16, 1953.
(10)(f) Gas storage agreement (LG-A) (5)(f) Form S-7 between South Jersey Gas (2-56223) Company and Transco, dated June 3, 1974.
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Exhibit Incorporated by Reference From Number Exhibit Reference Document
(10)(h) Gas storage agreement (WSS) (10)(h) Form 10-K between South Jersey Gas for 1991 Company and Transco, dated (1-6364) August 1, 1991.
(10)(i) Gas storage agreement (LSS) between South Jersey Gas Company and Transco, dated October 1, 1993. (filed herewith)
(10)(i)(a) Gas storage agreement (10)(i)(a) Form 10-K (SS-1) between South Jersey for 1988 Gas Company and Transco, (1-6364) dated May 10, 1987 (effective April 1, 1988).
(10)(i)(b) Gas storage agreement (ESS) between South Jersey Gas Company and Transco, dated November 1, 1993. (filed herewith)
(10)(i)(c) Gas transportation service (10)(i)(c) Form 10-K agreement between South for 1989 Jersey Gas Company and (1-6364) Transco, dated April 1, 1986.
(10)(i)(e) Service agreement (FS) (10)(i)(e) Form 10-K between South Jersey Gas For 1991 Company and Transco, dated (1-6364) August 1, 1991.
(10)(i)(f) Service agreement (FT) (10)(i)(f) Form 10-K between South Jersey Gas for 1991 Company and Transco, dated (1-6364) February 1, 1992.
(10)(i)(g) Service agreement (10)(i)(g) Form 10-K (Incremental FT) for 1991 between South Jersey Gas Company (1-6364) and Transco, dated August 1, 1991.
(10)(i)(i) Gas storage agreement (SS-2) (10)(i)(i) Form 10-K between South Jersey Gas for 1991 company and Transco, dated (1-6364) July 25, 1990.
- 18 -
Exhibit Incorporated by Reference From Number Exhibit Reference Document
(10)(i)(j) Gas Transportation Service Agreement between South Jersey Gas Company and Transco, dated December 20, 1991. (filed herewith)
(10)(i)(k) Amendment to Gas Transportation Agreement, dated December 20, 1991 between South Jersey Gas Company and Transco, dated October 5, 1993. (filed herewith)
(10)(j)(a) Gas Transportation Service (10)(j)(a) Form 10-K Agreement (FTS) between South for 1989 Jersey Gas Company and (1-6364) Equitable Gas Company, dated November 1, 1986.
(10)(k)(h) Gas Transportation Service Agreement (TF) between South Jersey Gas Company CNG Transmission Corporation dated October 1, 1993. (filed herewith)
(10)(k)(i) Gas purchase agreement (10)(k)(i) Form 10-K between South Jersey Gas for 1989 Company and ARCO Gas Market- (1-6364) ing, Inc., dated March 5, 1990.
(10)(k)(k) Gas Transportation Service Agreement (FTS 1) between South Jersey Gas Company and Columbia Gulf Transmission Company, dated November 1, 1993. (filed herewith)
(10)(k)(l) Assignment Agreement capacity and service rights (FTS-2) between South Jersey Gas Company and Columbia Gulf Transmission Company, dated November 1, 1993. (filed herewith)
- 19 -
Exhibit Incorporated by Reference From Number Exhibit Reference Document
(10)(k)(m) FTS Service Agreement No. 39556 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(n) FTS Service Agreement No. 38099 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(o) NTS Service Agreement No. 39305 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(p) FSS Service Agreement No. 38130 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(q) SST Service Agreement No. 38086 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(l) Deferred Payment Plan for (10)(l) Form 10-K Directors of South Jersey for 1986 Industries, Inc., South (1-6364) Jersey Gas Company and Energy & Minerals, Inc. as amended and restated August 22, 1986.
- 20 -
Exhibit Incorporated by Reference From Number Exhibit Reference Document
(10)(l)(a) Form of Deferred Compen- (10)(j)(a) Form 10-K sation Agreement between for 1980 the Company and/or a sub- (1-6364) sidiary and eleven of its officers.
(10)(l)(b) Schedule of Deferred Com- (10)(l)(b) Form 10-K pensation Agreements. for 1992 (1-6364)
(10)(l)(c) Supplemental Executive (10)(l)(c) Form 10-K Retirement Program, as for 1992 amended and restated ef- (1-6364) fective September 1, 1991, and form of Agreement between certain Company or subsidiary Company officers.
(10)(l)(d) Form of Officer Employment (10)(i)(l) Form 10-K Agreement between certain for 1991 officers and either the Company (1-6364) or its Subsidiaries.
(10)(l)(e) Schedule of Officer (10)(i)(e) Form 10-K Employment Agreements. for 1991 (1-6364)
(10)(l)(f) Officer Severance Benefit (10)(l)(g) Form 10-K Program for all officers. for 1985 (1-6364)
(10)(l)(g) Discretionary Incentive (10(l)(h) Form 10-K Bonus Program for all for 1985 officers and management (1-6364) employees.
(10)(l)(h) The 1987 Stock Option and (10)(l)(i) Form 10-K Stock Appreciation Rights for 1987 Plan including Form of (1-6364) Agreement.
(10)(p) Retirement Plan for Non- (10)(p) Form 10-K employee Members of the for 1988 Board of Directors. (1-6364)
(10)(q) Executive Employment (10)(q) Form 10-K Agreement dated August 1, for 1991 1991 between the Company (1-6364) and William F. Ryan, President and Chief Executive Officer.
- 21 -
Exhibit Incorporated by Reference From Number Exhibit Reference Document
(11) Not Applicable
(12) Calculation of Ratio of Earnings to Fixed Charges (Before Federal Income Taxes) (filed herewith).
(13) The Annual Report to Shareholders of the Company for the year ended December 31, 1993 is filed as an exhibit hereto solely to the extent portions are specifically incorporated by reference herein.
(16) Not Applicable
(18) Not Applicable
(21) Subsidiaries of the Registrant (filed herewith).
(22) None
(23) Independent Auditors' Consent (filed herewith)
(24) Power of Attorney (filed herewith).
(99) None
- 22 -
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SOUTH JERSEY INDUSTRIES, INC.
BY /s/ G. S. Levitt G. S. Levitt, Vice President
Date March 23, 1994
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Signature Title Date
/s/ William F. Ryan President and Director March 23, 1994 (William F. Ryan) (Principal Executive Officer)
/s/ G. S. Levitt Vice President March 23, 1994 (G. S. Levitt) (Principal Financial Officer)
/s/ Richard B. Tonielli Treasurer (Principal March 23, 1994 (Richard B. Tonielli) Accounting Officer)
/s/ Frank L. Bradley, Jr. Director March 23, 1994 (Frank L. Bradley, Jr.)
/s/ Richard L. Dunham Director March 23, 1994 (Richard L. Dunham)
/s/ W. Cary Edwards Director March 23, 1994 (W. Cary Edwards)
/s/ Thomas L. Glenn, Jr. Director March 23, 1994 (Thomas L. Glenn, Jr.)
/s/ Vincent E. Hoyer Director March 23, 1994 (Vincent E. Hoyer)
/s/ Herman D. James Director March 23, 1994 (Herman D. James)
/s/ Marilyn Ware Lewis Director March 23, 1994 (Marilyn Ware Lewis)
/s/ Clarence D. McCormick Director March 23, 1994 (Clarence D. McCormick)
- 23 -
/s/ Peter M. Mitchell Director March 23, 1994 (Peter M. Mitchell)
/s/ Jackson Neall Director March 23, 1994 (Jackson Neall)
/s/ Shirli M. Vioni Director March 23, 1994 (Shirli M. Vioni)
/s/ Frederick A. Westphal Director March 23, 1994 (Frederick A. Westphal)
- 24 -
INDEPENDENT AUDITORS' REPORT
South Jersey Industries, Inc.:
We have audited the consolidated financial statements of South Jersey Industries, Inc. and its subsidiaries as of December 31, 1993 and 1992 and for each of the three years in the period ended December 31, 1993 and have issued our report thereon dated February 16, 1994, which report includes an explanatory paragraph as to the Company changing its method of accounting for income taxes, effective January 1, 1993, to conform with Statement of Financial Standards No. 109 and its method of accounting for postretirement benefits other than pensions, effective January 1, 1993, to conform with Statement of Financial Accounting Standards No. 106; such financial statements and report are included in your 1993 Annual Report to Shareholders and are incorporated herein by reference. Our audits also included the financial statement schedules of South Jersey Industries, Inc. and its subsidiaries, listed in Item 14. These financial statement schedules are the responsibility of the Company's management. Our responsibility is to express an opinion based on our audits. In our opinion, such financial statement schedules, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly in all material respects the information set forth therein.
DELOITTE & TOUCHE Cherry Hill, New Jersey February 16, 1994
- 25 -
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(3)(a)(i) Certificate of Incorporation (4)(a) Form S-2 of the Company, as amended (2-91515) through April 19, 1984.
(3)(a)(ii) Amendment to Certificate of (4)(e)(1) Form S-3 Incorporation relating to (33-1320) two-for-one stock split effective as of April 28, 1987.
(3)(a)(iii) Amendment to Certificate of (4)(e)(2) Form S-3 Incorporation relating to (33-1320) director and officer liability.
(3)(b) Bylaws of the Company as (3)(c) Form 10-K amended and restated for 1990 through October 1, 1990. (1-6364)
(4)(a) Form of Stock Certificate (4)(a) Form 10-K for common stock. for 1985 (1-6364)
(4)(b)(i) First Mortgage Indenture (4)(b)(i) Form 10-K dated October 1, 1947 for 1987 (1-6364)
(4)(b)(vi) Form of South Jersey Gas (4)(b)(vi) Form 10-K Company First Mortgage for 1980 Bond, 7-7/8% Series due 1994. (1-6364)
(4)(b)(vii) Form of South Jersey Gas (4)(b)(vii) Form 10-K Company First Mortgage for 1980 Bond, 8-1/4% Series due 1996. (1-6364)
(4)(b)(viii) Form of South Jersey Gas (4)(b)(viii) Form 10-K Company First Mortgage for 1980 Bond, 8-1/4% Series due 1998. (1-6364)
(4)(b)(x) Twelfth Supplemental Inden- 5(b) Form S-7 ture, dated as of June 1, (2-68038) 1980.
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(4)(b)(xii) Fifteenth Supplemental (4)(b)(xiii) Form 10-K Indenture, dated July 1, for 1986 1986, 9.2% Series due 1998. (1-6364)
(4)(b)(xiv) Sixteenth Supplemental (4)(b)(xv) Form 10-Q Indenture dated as of for quarter April 1, 1988, 10-1/4% ended Series due 2008. March 31, 1988 (1-6364)
(4)(b)(xv) Seventeenth Supplemental (4)(b)(xv) Form 10-K Indenture dated as of for 1989 May 1, 1989. (1-6364)
(4)(b)(xvi) Eighteenth Supplemental (4)(e) Form S-3 Indenture, dated as of (33-36581) March 1, 1990.
(4)(b)(xvii) Nineteenth Supplemental Form 10-K Indenture, dated as of for 1992 April 1, 1992. (1-6364)
(4)(b)(xviii) Twentieth Supplemental Indenture, dated as of June 1, 1993. (filed herewith)
(9) None
(10)(d) Gas storage agreement GSS between South Jersey Gas Company and Transco, dated October 1, 1993. (filed herewith)
(10)(e) Gas storage agreement (5)(h) Form S-7 between South Jersey Gas (2-56223) Company and Transco, dated December 16, 1953.
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(10)(f) Gas storage agreement (5)(f) Form S-7 between South Jersey Gas (2-56223) Company and Transco, dated June 3, 1974.
(10)(h) Gas storage agreement (WSS) (10)(h) Form 10-K between South Jersey Gas for 1991 Company and Transco dated (1-6364) August 1, 1991.
(10)(i) Gas storage agreement (LSS) between South Jersey Gas Company and Transco, dated October 31, 1993. (filed herewith)
(10)(i)(a) Gas storage and sales (10)(i)(a) Form 10-K agreement between South for 1988 Jersey Gas Company and (1-6364) Transco, dated May 10, 1987 (effective April 1, 1988).
(10)(i)(b) Gas storage agreement (ESS) between South Jersey Gas Company and Transco, dated November 1, 1993. (filed herewith)
(10)(i)(c) Gas Transportation Service (10)(i)(c) Form 10-K Agreement between South for 1989 Jersey Gas Company and (1-6364) Transco, dated April 1, 1986.
(10)(i)(e) Service agreement (FS) (10)(i)(e) Form 10-K between South Jersey Gas for 1991 Company and Transco, (1-6364) dated August 1, 1991.
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(10)(i)(f) Service agreement (FT) between (10)(i)(f) Form 10-K South Jersey Gas Company for 1991 and Transco, dated February 1, (1-6364) 1992.
(10)(i)(g) Service agreement (Incremental (10)(i)(g) Form 10-K FT) between South Jersey Gas for 1991 Company and Transco, dated (1-6364) August 1, 1991.
(10)(i)(i) Gas storage agreement (SS-2) (10)(i)(i) Form 10-K between South Jersey Gas for 1991 Company and Transco, dated (1-6364) July 25, 1990.
(10)(i)(j) Gas Transportation Service Agreement between South Jersey Gas Company and Transco, dated December 20, 1991. (filed herewith)
(10)(i)(k) Amendment to Gas Transportation Agreement, dated December 20, 1991 between South Jersey Gas Company and Transco, dated October 5, 1993. (filed herewith)
(10)(j)(a) Gas Transportation Service (10)(j)(a) Form 10-K Agreement (FTS) between South for 1989 Jersey Gas Company and (1-6364) Equitable Gas Company, dated November 1, 1986.
(10)(k)(h) Gas Transportation Service (10)(k)(h) Form 10-K Agreement (TF) between South for 1989 Jersey Gas Company and (1-6364) Consolidated Gas Trans- mission Corporation, dated November 21, 1987.
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(10)(k)(i) Gas purchase agreement (10)(k)(i) Form 10-K between South Jersey Gas for 1989 Company and ARCO Gas Market- (1-6364) ing, Inc., dated March 5, 1990.
(10)(k)(k) Gas Transportation Service Agreement (FTS 1) between South Jersey Gas Company and Columbia Gulf Transmission Company, dated November 1, 1993. (filed herewith)
(10)(k)(l) Assignment Agreement capacity and service rights (FTS-2) between South Jersey Gas Company and Columbia Gulf Transmission Company, dated November 1, 1993. (filed herewith)
(10)(k)(m) FTS Service Agreement No. 39556 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(n) FTS Service Agreement No. 38099 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(10)(k)(o) NTS Service Agreement No. 39305 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(p) FSS Service Agreement No. 38130 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(k)(q) SST Service Agreement No. 38086 between South Jersey Gas Company and Columbia Gas Transmission Corporation, dated November 1, 1993. (filed herewith)
(10)(l) Deferred Payment Plan for (10)(l) Form 10-K Directors of South Jersey for 1986 Industries, Inc., South (1-6364) Jersey Gas Company and Energy & Minerals, Inc. as amended and restated August 22, 1986.
(10)(l)(a) Form of Deferred Compen- (10)(j)(a) Form 10-K sation Agreement between for 1980 the Company and/or a sub- (1-6364) sidiary and eleven of its officers.
(10)(l)(b) Schedule of Deferred Com- (10)(l)(b) Form 10-K pensation Agreements. for 1992 (1-6364)
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(10)(l)(c) Supplemental Executive (10)(l)(c) Form 10-K Retirement Program, as for 1992 amended and restated ef- (1-6364) fective September 1, 1991, and form of Agreement between certain Company or subsidiary Company officers.
(10)(l)(d) Form of Officer Employment (10)(i)(d) Form 10-K Agreement between certain for 1991 officers and either the Company (1-6364) or its Subsidiaries.
(10)(l)(e) Schedule of Officer (10)(i)(e) Form 10-K Employment Agreements. for 1991 (1-6364)
(10)(l)(f) Officer Severance Benefit (10)(l)(g) Form 10-K Program for all officers. for 1985 (1-6364)
(10)(l)(g) Discretionary Incentive (10(l)(h) Form 10-K Bonus Program for all for 1985 officers and management (1-6364) employees.
(10)(l)(h) The 1987 Stock Option and (10)(l)(i) Form 10-K Stock Appreciation Rights for 1987 Plan including Form of (1-6364) Agreement.
(10)(p) Retirement Plan for Non- (10)(p) Form 10-K employee Members of the for 1988 Board of Directors. (1-6364)
(10)(q) Executive Employment Agreement (10)(q) Form 10-K dated August 1, 1991 between the for 1991 Company and William F. Ryan, (1-6364) President and Chief Executive Officer.
SOUTH JERSEY INDUSTRIES, INC. NUMBER ONE SOUTH JERSEY PLAZA ROUTE 54 FOLSOM, NEW JERSEY 08037 FORM 10-K FYE 12/31/93
EXHIBIT INDEX Incorporated by Reference From Reference Reference Number Description of Exhibit Exhibit Document
(11) Not Applicable
(12) Calculation of Ratio of Earnings to Fixed Charges (Before Federal Income Taxes) (filed herewith).
(13) The Annual Report to Shareholders of the Company for the year ended December 31, 1993 is filed as an exhibit hereto solely to the extent portions are specifically incorporated by reference herein.
(16) Not Applicable
(18) Not Applicable
(21) Subsidiaries of the Registrant. (filed herewith)
(22) None
(23) Independent Auditors' Consent (filed herewith)
(24) Power of Attorney (filed herewith)
(99) None