NJ BPU okays IIF’s acquisition of SJI, SJI will cease to be listed on Feb. 1

South Jersey Industries and the Infrastructure Investments Fund, a private investment vehicle focused on investing in critical infrastructure assets, announced that the New Jersey Board of Public Utilities ,NJ BPU, has unanimously approved IIF’s proposed acquisition of SJI. Under the terms of the NJ BPU approval, SJI has made the following commitments, among others:$75 million in financial benefits for Elizabethtown Gas and South Jersey Gas customers including, a rate credit to all customers and bill relief for certain accounts in arrears due to the COVID-19 pandemic. SJI and IIF issued the following statement: "We are pleased that the NJ BPU recognizes the significant benefits this partnership presents for the communities in which SJI operates. The NJ BPU’s approval marks the final regulatory approval needed to complete the transaction, which we expect to occur on February 1 . As a result of the transaction, shares of common stock, $1.25 par value per share, of SJI will cease to be listed for trading on the New York Stock Exchange . In connection with the transaction, SJI also has provided notice to NYSE that it is voluntarily delisting its 5.625% Junior Subordinated Notes due 2079 and its Corporate Units from the NYSE. A Form 25 with respect to the delisting will be filed on or about February 6, 2023. The last day that common stock is traded on the NYSE, which is expected to be February 1.