N.J. Admin. Code § 14:4-5.7

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

Section 14:4-5.7 - Required contents of the Annual Information Update Form of an electric power supplier or gas supplier license

(a) An electric power supplier or gas supplier shall submit a complete Annual Information Update Form, as prescribed by the Board and in accordance with this section, within 30 days before the anniversary date, which is the date of the last approved licensing application or date assigned by the Board.

(b) Board staff shall not accept an Annual Information Update Form that is submitted on and after the anniversary date deadline at (a) above. If the Annual Information Update Form is incomplete, or is not submitted by the deadline at (a) above, the initial license shall expire, and the provisions at N.J.A.C. 14:4-5.6for expiration of a license shall apply.

(c) In accordance with N.J.A.C. 14:4-5.6(a), if a licensee has submitted a complete Annual Information Update Form by the deadline at (a) above, the license shall not expire, unless otherwise determined by the Board. 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.).

(d) An Annual Information Update Form for an electric power supplier or gas supplier license shall include the following types of information:

1. Any changes to the information submitted in the licensee's most recent application for an initial license or Annual Information Update Form;

2. The appropriate fee, set forth at 14:4-5.1 2;

(Reserved)

4. Information regarding the licensee's sales and revenue, by month and customer class, during the annual period since the most recent application for an initial license or Annual Information Update Form;

5. Copies of relevant tax forms and reports;

6. Documentation that the licensee has maintained and continues to maintain the surety bond required under this subchapter;

7. Any other information necessary to enable Board staff to evaluate the licensee's continued compliance with the license being updated;

8. If the Annual Information Update Form is for an electric power supplier or gas supplier license, a certification, signed by an officer of the corporation, stating that the applicant is in compliance with the retail choice consumer protection rules at N.J.A.C. 14:4-7;

9. A certification under oath, signed by an officer of the corporation, of the truth and accuracy of the application; and

10. Documentation that a notice has been sent to all LDCs in whose territory the licensee will do business, stating that the initial application or Annual Information Update Form has been submitted to the Board. This documentation may be in the form of a U.S. Postal Service Certified Mail Receipt, a printed copy of an email from the LDC stating that it received the notice from the TPS or by other means approved by Board staff in writing prior to sending the notice, which provides equivalent documentation of such notice.

(e) Bonding requirements for licenses shall be commensurate with the amount of business that the licensee has conducted in New Jersey under the expiring license.

(f) Board staff shall use the procedures at N.J.A.C. 14:4-5.4 to accept and review an Annual Information Update Form for an electric power supplier or gas supplier license.

(g) Once an Annual Information Update Form has been filed with the Board, the licensee shall, within 10 days after the filing, provide a copy of the Board receipt of the update to all LDCs within whose territory the licensee provides service.

(h) If Board staff discovers after the filing of the Annual Information Update Form that any part of the update was inaccurate or noncompliant with this chapter, the Board is not foreclosed from bringing an enforcement action against the licensee for the inaccuracy or noncompliance, including suspension or revocation of the license.

N.J. Admin. Code § 14:4-5.7

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 "Application for renewal of an electric power supplier, gas supplier or clean power marketer license". Deleted and reserved (d)3; and rewrote (d)10.

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