New Jersey S746 requires the Board of Public Utilities to collaborate with neighboring states to research and recommend actions to address electric.
New Jersey S746 mandates the Board of Public Utilities to work with neighboring states to research and recommend collective action to address electric capacity and transmission issues. The bill aims to tackle the high costs and decreased affordability for ratepayers resulting from PJM's capacity auction. It seeks to ensure that electric load serving entities demonstrate they have contracted for at least 80 percent of their capacity needs on a bilateral basis for five years.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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