The authority formed pursuant to P.L. 2015, c. 129(C.40A:66-1 et al.) shall comply with the provisions of P.L. 2015, c. 129(C.40A:66-1 et al.) and all applicable federal and State laws. Nothing in P.L. 2015, c. 129(C.40A:66-1 et al.) shall be construed to require regulation of an authority or its members as an electric public utility as defined under R.S. 48:2-13. Wholesale sales and purchases by the authority shall not subject the authority or its members to the jurisdiction of the Board of Public Utilities as a public utility pursuant to Title 48 of the Revised Statutes. A municipality that is a member of the authority shall continue to be subject to all laws of the State.
N.J.S. § 40A:66-20