Requires BPU to work with neighboring states to research and recommend certain action concerning electric capacity and transmission.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires the New Jersey Board of Public Utilities (BPU) to collaborate with neighboring states to investigate and recommend solutions regarding the state’s electricity grid, specifically focusing on issues with the PJM Interconnection’s capacity market. It aims to explore alternatives to PJM’s current system, such as requiring electric providers to secure a significant portion of their capacity through long-term contracts or potentially withdrawing from PJM altogether. The bill is prompted by concerns about rising electricity costs and the impact of PJM’s market decisions on New Jersey consumers.
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