New Jersey A4801 establishes protections against demand by large-load addition customers in the State.

New Jersey A4801 establishes certain protections against demand by large-load addition customers in the State. The bill defines "reliability backstop procurement" as a PJM-approved mechanism to procure long-term contracts from new capacity resources to ensure electric system reliability. It requires any financial or other obligation associated with reliability backstop procurement to be passed through to large-load addition customers under substantially-similar terms as PJM assigns the financial or other obligations to the load-serving entity.

New Jersey A4801 establishes protections against demand by large-load addition customers in the State.

New Jersey A4801 establishes certain protections against demand by large-load addition customers in the State. The bill defines "reliability backstop procurement" as a PJM-approved mechanism to procure long-term contracts from new capacity resources to ensure electric system reliability. It requires any financial or other obligation associated with reliability backstop procurement to be passed through to large-load addition customers under substantially-similar terms as PJM assigns the financial or other obligations to the load-serving entity.