Common use of New Jersey Clause in Contracts

New Jersey. In New Jersey, Pivotal Utility Holdings, Inc. (f/k/a NUI Utilities, Inc.) (“PUHI”)Applicant owns five properties where former MGPs were operated. A sixth MGP site, formerly operated by Elizabethtown Gas, a division of PUHIApplicant, operating in New Jersey (“ETG”), is now owned by a church. PUHIApplicant is currently conducting remediation activities with oversight from the New Jersey Department of Environmental Protection. Various investigation and cleanup investigations have been conducted and are progressing slowly, but material cleanups are likely at mostof these sites have not been completed. Because we still cannot provide engineering cost estimates, considerable variability remains in future cost estimates. As reported in Holdings AnnualGuarantor’s Quarterly Report on Form 10-KQ for 2009,the quarter ending March 31, 2012, the projected costs of the remaining remediation at these sites are estimated to be $00-000000-000 million.