This bill establishes specific protections for large-load addition customers in New Jersey, particularly regarding the financial obligations associated with reliability backstop procurement. It mandates that when a load-serving entity receives a curtailment obligation from PJM Interconnection due to service provided to a large-load addition customer, the entity must impose this obligation solely on those large-load addition customers. The bill also clarifies that any financial obligations related to reliability backstop procurement assigned to a load-serving entity must be passed on to large-load addition customers under terms similar to those set by PJM.

Furthermore, to receive electric public utility service, large-load addition customers are required to provide appropriate financial security to ensure that costs related to reliability backstop procurement do not affect other customers. They must also submit detailed information to PJM regarding their expected load usage and other relevant data. The bill aims to prevent the costs associated with large-load addition customers from being transferred to non-large-load addition customers, thereby protecting the broader customer base in New Jersey.