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Seaville James way To Open in February

SEAVILLE — Jamesway Corporation, a midAtlantic area discount department store chain, anticipates a midFebruary opening of its newest retail store here.

Located on Route 9, in a new shopping center, the 43.000 square foot Seaville store will be built and owned by Jamesway. The newly-constructed store will feature widesweeping aisles, brightly illuminated retail depart-r-nts. a large battery of c> computerized checkout registers, a courtesy area and a lay-away center. According to Ken Simon, vice president of New Store Development, the store will incorporate an innovative merchandising floor plan which will highlight centrally-located fashion merchandise$lisplays, with a hard goods departments Y circling around the center. Y "This center core configuration will make shopping easier and more convenient for our customers." Simon said. Jamesway operates 91 stores in New York. New Jersey, Pennsylvania, Delaware. Maryland and Virginia.

Electric Bills Get A Slash PLEASANTVILLE - The New Jersey Board of Public Utilities (BPU) has approved Atlantic Electric's request for a $44 million decrease in its energy adjustments for service rendered on and after Jan. 1. The reduced energy adjustment will decrease residential customer bills from 4.2 percent to 7.7 percent according to how much electricity is used. As a result of this decrease, the energy adjustment credit for residential customers will change from a negative 0.9748 cents per kilowatt-hour to a negative 1.5819 cents per kilowatt-hour. THE UTILITY still has a net $91,850 million rate increase request pending before the BPU. The company also has appealed to the New Jersey Supreme Court the BPU's denial of a $25 million rate increase which had been requested in 1983 When the energy adjustment decrease go fes into effect today. Jan. 1. a monthly residential bill for 500 kilowatt-hours will decrease from $57.49 to $54.45. or 5.3 percent. Residential customers who use 3,000 kilowatthours per month in the winter will pay $218.39 instead of $236.60 — a decrease of 7.7 percent. Summer rates for customers who use 1500 kilowatt-hours monthly will drop from $175.36 to $166.25. or 5.2 percent. THE DECREASE is about $7 million more than the company's original requested reduction of $37.0 million filed Sept. 26. 1985. for two main reasons: First. Atlantic Electric's underrecovered balance of energy costs at December 31. 1985 is now estimated to be less than earlier estimates; and second, fuel cost projections for 1986 are now estimated to be lower than the Sept. 26. 1985 •* estimates. i

Q> Gas Station Conversion Completed COURT HOUSE - Conversion of a service station in the Court House area has been completed. The changeover was part of the purchase by Shell in July of some 350 stations in the Northeast, more than 90 in New Jersey.- } R.F. Gardner, Shell's North Atlantic District Manager, said the changes gives Shell the opportunity to strengthen its marketing operations in New Jersey and the Northeast, where the company has operated for more than 50 years. The service station converted in Court House is at 233 N. Main St. Dealer Bob I Schneider said of the changeover: "Shell has a good .reputation for quality products and I plan to continue offering good service to my customers here."

Horizon Dividends MORRISTOWN - The 1 board of directors of Horizon Bancorp today > declared a quarterly divi- ; dend of $0.32 per common i share (an indicated annual ! rate of $1.28) and a quarter - I ly preferred dividend of $0.6275 per share ( 10.05 percent annualized yield calculated on the Preferred Stock's liquidation value of ) $25 per share). I The record date for both > dividends is Jan. 15, and the payment date is Feb. 1.

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