Bill > S1673

This bill requires any owner of electric transmission facilities within the state to become a member of and transfer control of those facilities to a "transmission entity," which is an organization approved by the Federal Energy Regulatory Commission (FERC) to act as a regional transmission organization or a similar independent body. This measure aims to prevent "rate pancaking," a practice where consumers are charged multiple times for electricity transmission across different systems, and to improve service reliability, promote a competitive electricity market by separating transmission from generation control, and ensure fair access to transmission lines. For a transmission owner to be in compliance, the transmission entity they join must meet several criteria, including being FERC-approved, separating transmission from generation control, minimizing rate pancaking, enhancing reliability, fostering competition, having an independent governance structure, promoting positive performance, and maintaining real-time system reliability and non-discriminatory access. The Board of Public Utilities is authorized to create rules to implement these provisions.

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https://www.njleg.state.nj.us/bill-search/2026/S1673