N.J. Admin. Code § 14:8-8.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 14:8-8.3 - Term of existing Standard Offer contracts

(a) Standard Offer programs conducted pursuant to the Board's Demand Side Management (DSM) rules, formerly found at N.J.A.C. 14:12, have been and are suspended. Standard Offer contracts outstanding as of July 16, 2007 shall remain in effect in accordance with their terms and conditions.

(b) Notwithstanding anything in (a) above, in the event that the primary term of a contract described at 14:8-8.1(a) and (b) is less than the maximum term specified in the Standard Offer, after July 16, 2007, the primary term shall not be extended up to the maximum term, regardless of any contract provision to the contrary. This restriction shall not affect any contract whose primary term has, prior to July 16, 2007, already been extended beyond July 16, 2007.