Establishes certain protections against demand by large-load addition customers in State.
What changed between versions
Sections 2, 3, and 4 now apply to electric public utilities in addition to load-serving entities, broadening which entities must pass through curtailment obligations and financial costs to large-load addition customers.
The Board of Public Utilities is given explicit authority to adopt rules determining an alternative MW threshold for large-load addition customers, and the definition of 'large-load addition customer' now references this alternative threshold.
The definition of 'load-serving entity' now explicitly includes a large-load addition customer that serves as its own load-serving entity, allowing self-service arrangements.
Section 4 financial security can now be provided to the load-serving entity, PJM, the electric public utility, or other entity (previously only the load-serving entity or electric public utility).
Section 4 now requires financial security even if the large-load addition customer's demand does not fully materialize over the term of the reliability procurement commitment, replacing the prior condition that security was only needed if demand actually necessitated backstop procurement.
Section 3 now uses 'passed through or allocated' instead of just 'passed through,' giving more flexibility in how financial obligations are distributed to large-load addition customers.
The definition of 'reliability backstop procurement' was changed to 'reliability procurement,' removing the qualifier that it applies only during periods when market-based outcomes are insufficient to meet forecasted needs, and changing 'contracts' to 'commitments.'