New Jersey A2770 establishes a surcharge for electric public utilities serving large data centers during peak demand periods, with collected funds.
New Jersey A2770 mandates that electric public utilities impose a surcharge on large load data center customers during peak demand periods. This surcharge is subject to approval by the Board of Public Utilities (BPU). The collected funds are to be deposited into the "Grid Modernization Fund," established within the BPU. The fund is intended to finance initiatives aimed at modernizing New Jersey's electrical grid.
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