New Jersey Fuel Funds
- Gift of Warmth fuel fund, customer and company contributions
from one gas utility. In FY 2006, $167,321 in benefits were provided.
- In late 1997 a coalition of New Jersey's top energy companies
and non-profit agencies formed New
Jersey SHARES (Statewide Heating Assistance and Referral for Energy Services),
a nonprofit statewide fuel fund. It was slated to begin providing
assistance in the fall of 1998.
New Jersey SHARES grants are targeted to non-welfare residential
energy customers who have short-term financial difficulties, have
exhausted all other available resources and cannot pay their energy
bills. Recipients are certified for eligibility by local community
agencies.
New Jersey SHARES was funded principally by a $1 million start-up
grant from Public Service Gas & Electric Company. The other
energy provider members contribute a flat rate percentage of first-year
administration costs and a pro-rated contribution based on the
number of residential electric and gas customers they have in
New Jersey. More funding is expected from solicitations of the
state's businesses and the general public. Three utilities that
previously operated their own fuel funds have folded them into
New Jersey SHARES.
- Local funds for fuel oil
LEVERAGING
2006: $424,487
2005: $360,646
2004: $1.6 million
2003: $1.6 million
2002: $8 million
2000: $160,890
1999: $153,018
1998: $336,019
1997: $216,233
1996: $225,282
1995: $104,915
Page Last Updated: March 30, 2007