Bill > S4676

This bill requires the New Jersey Board of Public Utilities (BPU) to conduct a comprehensive study on advanced transmission technologies (ATT), which are software or hardware technologies designed to improve the electric grid's capacity, efficiency, reliability, and safety. The study will evaluate various ATT types, including grid enhancing technologies, advanced conductors, dynamic line rating, and power flow control technologies, with the goal of helping electric utilities meet growing energy demand more effectively. The board must assess the attributes, functions, costs, and benefits of these technologies, examining their potential to increase transmission capacity, reduce congestion, support renewable energy integration, improve grid reliability, and lower costs for consumers. The study will involve identifying grid congestion locations, evaluating deployment feasibility, exploring potential cost and timeline reductions for transmission projects, and examining policies in other states. The BPU must hold at least two public stakeholder meetings, incorporate public feedback, and submit a detailed written report to the Governor and Legislature within one year of the bill's enactment, which will be published on the board's website. The bill aims to provide policymakers and utilities with insights into how advanced transmission technologies could help modernize and improve New Jersey's electrical infrastructure.

Budget and Finance, Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/S4676