NJ S730

Allows electric public utilities to own and operate generation facilities, reversing the separation required under the 1999 Electric Discount and Energy Competition Act; utilities that choose this option must file bundled rate tariffs with the Board of Public Utilities, and their customers would no longer have retail choice through third-party suppliers

Permits gas public utilities to discontinue retail choice for residential customers by filing updated bundled tariffs with the Board of Public Utilities for approval

Requires electric public utilities to obtain a certificate of public convenience and necessity before constructing any generation facility of 100 megawatts or more, including a one-year early assessment period with public hearings and a comprehensive board report

Establishes a maximum $250,000 nonrefundable application fee for certificate applications, with certificates valid for three years and eligible for renewal

Prohibits electric public utilities found at fault for accidents at generating or transmission facilities from recovering more than $10 million in repair, cleanup, or damage costs from ratepayers, though utilities may mitigate denied costs through board-approved energy conservation and renewable energy programs