Bill > S4307

This bill requires electric public utilities to create and implement special rules for "large load customers," which are defined as commercial customers for electricity service that use more than 100 megawatts of power per month, potentially aggregating facilities with common ownership or control. These rules, filed with and approved by the Board of Public Utilities (the "Board"), aim to ensure that other electricity customers do not end up paying for the costs associated with these large users, and that all costs for serving large load customers are assigned to them. The bill also mandates protections against other customers bearing stranded costs if a large load customer leaves or reduces usage, and incentivizes these large users to improve energy efficiency, including by capturing and reusing heat. Utilities will need to ensure large load customers provide financial guarantees for at least 85% of requested service for 10 years, demonstrate their projects are unique or identify interdependencies, and post deposits or financial security to protect other customers if the large load customer ceases operations or uses less power than anticipated. The Board can waive these requirements if a large load customer offers operational flexibility or brings new energy sources online.

Budget and Finance, Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/S4307