New Jersey S2462 prohibits state agencies from decommissioning electric generation facilities unless certain conditions are met.

New Jersey S2462, known as the "Grid Reliability Protection Act," prohibits state agencies from mandating the retirement of electric generation facilities unless PJM Interconnection certifies that the deactivation will not negatively impact regional grid reliability, capacity adequacy, or energy market prices. Additionally, the Board of Public Utilities must conduct a public rate impact analysis showing that the deactivation will not materially increase costs to ratepayers. The bill also provides an exception if the electric generation facility poses a risk to public health and safety.

New Jersey S2462 prohibits state agencies from decommissioning electric generation facilities unless certain conditions are met.

New Jersey S2462, known as the "Grid Reliability Protection Act," prohibits state agencies from mandating the retirement of electric generation facilities unless PJM Interconnection certifies that the deactivation will not negatively impact regional grid reliability, capacity adequacy, or energy market prices. Additionally, the Board of Public Utilities must conduct a public rate impact analysis showing that the deactivation will not materially increase costs to ratepayers. The bill also provides an exception if the electric generation facility poses a risk to public health and safety.