New Jersey Resources (NJR) subsidiary Adelphia Gateway LLC has entered into an agreement with Talen Generation LLC to purchase all of its membership interests in Interstate Energy Co. LLC, owner and operator of an existing 84-mile pipeline in southeastern Pennsylvania, for an estimated $166 million, plus additional contingent payments of up to $23 million based on certain specified conditions.

NJR’s Adelphia Gateway project will repurpose the southern 50-mile portion of the pipeline to flow natural gas and provide local customers with a new source of clean, safe, low-cost supply utilizing existing infrastructure with minimal new construction or environmental impact. Once converted, the pipeline will be able to transport an incremental 250,000 dekatherms per day of natural gas to the greater Philadelphia market.

For more information, visit www.njresources.com or www. AdelphiaGateway.com.