N.J. Admin. Code § 14:4-5.8

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

Section 14:4-5.8 - Initial registration procedure-energy agent or private aggregator

(a) To be eligible to operate in New Jersey as an energy agent or a private aggregator, as defined at 14:4-1.2, a person shall register as required in this section.

(b) A registration shall be submitted on forms provided by the BPU, available on the Board's website at www.nj.gov/bpu/. All registration forms shall be accompanied by the appropriate fee set forth at 14:4-5.1 2.

(c) Within 60 days after receiving a registration form, Board staff shall notify the registrant if additional information or investigation is needed.

(d) If Board staff notifies the registrant that additional information or investigation is needed, the registrant shall have 45 days to supply any requested information. If the registrant does not submit the requested information within 45 days after the date of the notice issued under (c) above, Board staff shall return and reject the request for registration.

(e) If Board staff does not notify the registrant that additional information or investigation is needed, the registration shall be reviewed for approval or denial.

(f) The registration form shall require the following types of information:

1. Identifying and contact information for the registrant and the registrant's business;

2. Background information on the registrant's business, including any business affiliations;

3. Evidence of financial integrity, including relevant financial records and references;

4. Information regarding the registrant's knowledge of and experience in the energy industry;

5. Information regarding any existing, pending or past adverse rulings, litigation, liabilities, investigations or other matters relating to financial or operational status, including criminal charges against the registrant, its employees, or any affiliated entities; and

6. Information on all persons with ownership interests in the registrant's business, and the form of the ownership.

(g) A registration obtained under this subchapter shall not expire, so long as the registrant pays to the Board, within 30 days before the anniversary date, which is the date of the last approved registration application or the date assigned by the Board, an annual registration fee, as determined by the Board, accompanied by an annual information update on a form prescribed by the Board.

(h) A registrant shall notify Board staff in writing within 30 days after any material change in the organizational structure or operation of the registrant's business.

(i) If, after approval of a registration, it is discovered that any part of the registration was inaccurate or noncompliant with this chapter, the Board is not foreclosed from bringing enforcement action against the registrant for the inaccuracy or noncompliance, including suspension or revocation of the registration.

(j) Once registered, an energy agent, energy consultant, or private aggregator shall meet the requirements set forth at N.J.A.C. 14:4-5.5(g), (h), and (i).

N.J. Admin. Code § 14:4-5.8

Amended by R.2012 d.091, effective 5/7/2012.
See: 43 N.J.R. 1150(a), 44 N.J.R. 1534(a).
In (b), updated the website address.

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