New Jersey S2837 mandates public utilities to charge nonprofit organizations a residential rate if it is lower than the commercial rate.
New Jersey S2837 requires public utilities to charge nonprofit organizations a residential rate for services delivered to their primary operating property, provided the residential rate is lower than the commercial rate. The bill defines "nonprofit organization" as entities qualifying under section 501(c)(3) of the Internal Revenue Code or organized under the New Jersey Nonprofit Corporation Act. Public utilities must establish a procedure, in consultation with the Board of Public Utilities, for organizations to certify their nonprofit status. This act takes effect immediately.
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