N.J. Admin. Code § 14:29-5.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 14:29-5.1 - Required set aside of regulated petroleum products

(a) During an energy emergency, each prime supplier of a regulated petroleum product shall maintain a store of each regulated petroleum product that it supplies. This stored product shall be known as a "set aside," and the amount of each supplier's set aside for each regulated petroleum product shall be determined in accordance with this section.

(b) The amount of each prime supplier's set aside for a particular regulated petroleum product for a particular upcoming month shall be three percent of the amount of that product sold in New Jersey by that prime supplier during the same month of the previous year, as reported to the U.S. Department of Energy's Energy Information Agency on Form EIA-782C, Monthly Report of Prime Supplier Petroleum Product Sold for Consumption.

(c) Seven business days before the start of each month, each prime supplier shall notify the Board of the quantity of its set aside for the upcoming month for each regulated petroleum product handled by the supplier. Notification must be made in writing to the Board at the address provided at N.J.A.C. 14:29-5.3(d) or at www.nj.gov/bpu/about/divisions/reliability/.

(d) If any portion of a set aside has not been used by the close of business on the 27th day of the month, the prime supplier may release this unused portion.

(e) The Board may increase or decrease the amount or percentage of the required set aside as necessary to address an energy emergency. The Board shall notify all prime suppliers at least two days before the adjusted set aside requirement takes effect.

N.J. Admin. Code § 14:29-5.1

New Rule, R.2004 d.13, effective 1/5/2004.
See: 35 N.J.R. 1508(a), 36 N.J.R. 205(a).
Section was "Scope and purpose".
Amended by R.2006 d.211, effective 6/5/2006.
See: 37 N.J.R. 4518(a), 38 N.J.R. 2509(a).
Substituted "three percent" for "five percent" in (b).
Amended by R.2013 d.126, effective 10/21/2013.
See: 45 N.J.R. 1371(a), 45 N.J.R. 2358(b).
In (c), substituted "in writing to the Board at the address provided at N.J.A.C. 14:29-5.3(d) or at http://www.nj.gov/bpu/about/divisions/reliability/" for "by mail or by facsimile".