N.J. Admin. Code § 14:4-5.6

Current through Register Vol. 56, No. 19, October 7, 2024

Section 14:4-5.6 - Term and expiration of an electric power supplier or gas supplier license

(a) An electric power supplier or gas supplier license shall not expire if the licensee complies with N.J.A.C. 14:4-5.2, and has submitted a complete Annual Information Update Form within the 30-day deadline at N.J.A.C. 14:4-5.7(a). Nothing shall limit the authority of the Board to deny, suspend, or revoke a license at any time, consistent with the provisions of P.L. 1999, c. 23 (N.J.S.A. 48:3-49et seq.).

(b) If a license expires due to non-compliance with this subchapter, or if a surety bond expires, the contract termination provisions at N.J.A.C. 14:4-7.10(e) shall apply, and the licensee shall:

1. Immediately stop all advertising and marketing activities;

2. Immediately stop enrolling new customers;

3. Continue to serve all existing customers (as of the date of license expiration) until directed otherwise by Board staff; and

4. Submit a complete initial application for a new license within 45 days after license expiration, and/or submit a new surety bond within 45 days after surety bond expiration, as applicable.

(c) (Reserved)

(d) A licensee may file a request for an extension of the 45-day deadline in (b)4 above, based on extraordinary hardship.

(e) (Reserved)

(f) If Board staff notifies an LDC in writing that a supplier or marketer that is serving customers in the LDC's service territory does not have a valid license under this subchapter, or does not have the required surety bond, the LDC shall, within one business day after said notice, stop doing business with the supplier or marketer, except pursuant to any specific instructions of Board staff. This subsection shall apply regardless of whether the person has never had a license; a license has expired; or a license has been denied, suspended or revoked.

N.J. Admin. Code § 14:4-5.6

Amended by R.2012 d.091, effective 5/7/2012.
See: 43 N.J.R. 1150(a), 44 N.J.R. 1534(a).
Section was "Term and expiration of an electric power supplier, gas supplier, or clean power marketer license". In the introductory paragraph of (b), inserted "contract termination provisions at N.J.A.C. 14:4-7.10(e) shall apply, and the"; deleted and reserved (c) and (e); and in (f), substituted the first occurrence of "Board staff" for "the Board" and the second occurrence of "Board staff" for "the Board that may be included in the notice under (b)3 above, or under an extension issued under (d) above".

Amended by 53 N.J.R. 1573(a), effective 9/20/2021