NJ S731

Defines "large load customer" as a commercial customer with monthly electricity demand exceeding 100 megawatts, requiring electric public utilities to file special tariff applications with the Board of Public Utilities within 180 days.

Mandates that tariffs ensure other utility customers do not subsidize large load customers and are protected from paying stranded costs associated with serving these high-demand facilities.

Requires new large load customers to provide financial guarantees committing to pay for at least 85% of requested service for a minimum of 10 years from service commencement.

Large load customers must post deposits or financial security sufficient to protect ratepayers if operations cease or service usage falls below projections during the 10-year period.

Tariffs must incentivize large load customers to develop energy efficiency methods, including technologies that capture and utilize heat produced by their facilities.