N.J. Stat. § 48:14-16
Current through L. 2024, c. 87.
Every steam and water power company organized under the laws of this State may develop electric power for commercial purposes by means of water power and supply current and power at such prices as may be agreed upon. Such company may erect and maintain the necessary buildings, machinery and apparatus for developing power and current and distribute the same to any place or places.
N.J.S. § 48:14-16