Establishes certain protections against demand by large-load addition customers in State.

This New Jersey bill establishes protections for smaller customers by requiring large industrial users consuming 50 megawatts or more to bear their own costs when grid reliability measures are needed. It mandates that load-serving entities pass through any financial obligations from reliability backstop procurement directly to these large customers rather than spreading costs across all ratepayers. Additionally, large-load addition customers must provide financial security and detailed usage information to ensure their demand does not negatively impact other New Jersey customers. The New Jersey Board of Public Utilities will develop specific rules to implement these requirements.