Bill > A5462

This bill requires electric public utilities to develop and apply special rules for "large load customers," defined as commercial customers with a monthly electricity demand exceeding 100 megawatts, to ensure that other customers, referred to as "non-large load customers" or "ratepayers," are not forced to pay for increased costs associated with these large users. Within 180 days of the bill's enactment, utilities must file an application with the Board of Public Utilities (Board) to create a tariff specifically for these large load customers. This tariff must prevent non-large load customers from subsidizing large load customers, ensure all costs related to serving large load customers are assigned to them, and protect other customers from bearing stranded costs if a large load customer ceases operations or reduces their demand. Additionally, the tariff should incentivize large load customers to improve energy efficiency, including by capturing and utilizing waste heat. The Board will review these applications and approve tariffs that comply with the bill's requirements, and utilities must begin applying the approved tariffs one year after the bill takes effect. The Board has the authority to determine if a facility qualifies as a large load customer and can approve utility rate filings that relax certain requirements if the large load customer demonstrates sufficient operational flexibility or commits to bringing additional energy sources online to meet their demand, thereby protecting other ratepayers.

Budget and Finance, Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/A5462