Bill > A5463

This bill requires electric public utilities (companies that transmit and distribute electricity) to submit an annual report to the Board of Public Utilities (BPU) by February 1st detailing their voting activities in PJM Interconnection (a regional electricity transmission organization). The report must list every recorded vote cast by the utility or its affiliates at PJM meetings during the previous calendar year, including a description of the meeting's purpose and agenda, and an explanation of how each vote supports New Jersey's goals for electricity production, including affordability, reliability, and sustainability. The bill defines key terms such as "recorded vote" (which includes votes tabulated individually or by industry sector, even if not a final position) and "affiliate" (any entity that controls or is controlled by the utility). The Board of Public Utilities is required to compile these reports into an annual summary for the Governor and Legislature and to adopt regulations to implement the reporting requirements. The legislation aims to increase transparency about utility voting behaviors in regional electricity planning and decision-making processes.