This bill mandates that electric public utilities in New Jersey create and submit a special tariff for data centers to the Board of Public Utilities (BPU) within 180 days of the bill's effective date. The tariff must be structured to protect non-data center ratepayers from any increased costs associated with the higher electricity demand generated by data centers. Additionally, it aims to encourage data centers to adopt energy-efficient practices, including technologies that capture and utilize the heat produced by their operations.

One year after the bill's enactment, electric public utilities are required to implement the established tariff for all data centers within their service areas. The BPU will have the authority to determine which facilities qualify as data centers under this legislation. The bill is designed to balance the interests of both data centers and other electricity consumers while promoting energy efficiency in the sector.