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NJ SJR154
Joint Resolution
Status
8/15/2025
Primary Sponsor
John Burzichelli
Click for details
AI Summary
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Directs the Board of Public Utilities to investigate whether PJM Interconnection's Reliability Pricing Model (capacity market) is obtaining resource adequacy at the lowest possible cost, with a report due to the Governor and Legislature within 12 months
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Requires New Jersey to collaborate with neighboring states in PJM's jurisdiction to promote equitable energy practices, prioritize carbon-free energy sources, and reduce climate change impacts on energy demand and costs
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Urges PJM to implement market reforms that protect ratepayers from rising capacity prices and to expeditiously review new electricity generation applications
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Addresses concerns that delays in PJM's interconnection queue have prevented new generation resources from competing in capacity auctions, contributing to higher electricity costs
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Energy demand is projected to grow 2.3% annually over the next 10 years across the PJM region and 1.55% annually in New Jersey specifically
Legislative Description
Directs BPU to investigate PJM Interconnection, L.L.C.'s Reliability Pricing Model; directs State to promote affordable energy practices and to urge PJM Interconnection, L.L.C. to implement certain reforms.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, JR-11.
8/15/2025