New Jersey Requires Energy Suppliers to Include One Page Summary of Key Terms and Approves Interim Telemarketing Rules
October 13, 2014
On September 30, the New Jersey Board of Public Utilities (BPU) signed an Order requiring the inclusion of a new contract summary page for third party energy suppliers (TPS), which takes effect on November 15th. The possible inclusion of a one page summary was discussed at recent stakeholder discussions conducted by the BPU in connection with reevaluating its rules concerning TPSs. New Jersey is now in line with neighboring New York and Pennsylvania, which also require the inclusion of a summary page. The model summary page can be found here. The BPU is in the process of drafting new comprehensive regulations that are expected to significantly overhaul existing TPS rules.
At the meeting, the BPU also approved new TPS telemarketing rules as required by a new law that was passed earlier this year (A3422). We expect the Office of Administrative Law will publish the new regulations in November. The law required the BPU to adopt interim regulations, and so they will take effect upon publication. We anticipate the new regulations will largely mirror the statute with some additional clarifying language. A copy of the bill detailing those changes can be found here.
This Eckert Seamans Energy and Utilities Blog post is intended to keep readers current on matters affecting businesses and is not intended to be legal advice. If you have any questions about the content of this post, please contact Grace Strom Power at (609) 989-5008 or gpower@eckertseamans.com.