NJ A796

Electric public utilities in New Jersey must file tariff applications with the Board of Public Utilities within 180 days to establish special rates for "large load customers," defined as commercial customers with monthly demand exceeding 100 megawatts.

Tariffs must ensure other utility customers do not subsidize large load customers, with all costs attributable to these high-demand users assigned directly to them as determined by the board.

New large load customers must provide financial guarantees to pay for at least 85% of requested service for a minimum of 10 years and post deposits or security to protect ratepayers if the project ceases operations or uses less power than anticipated.

The tariff must include protections against stranded costs and incentivize large load customers to develop energy efficiency methods, including technologies that capture and utilize waste heat.

Utilities must apply the approved tariff to all large load customers within one year of the act's effective date, with the board having authority to determine which facilities qualify under the 100-megawatt threshold.