Bill
Bill > S3370
NJ S3370
NJ S3370"Load Forecast Accountability Act"; requires BPU to review electricity load forecasting in State.
summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill requires the Board of Public Utilities (board) to collect load-forecasting information from electric public utilities. The bill further requires the board to analyze the potential impact of the load-forecasting information on load-forecasting for the State. Additionally, the bill requires the board to coordinate with: (1) PJM Interconnection, L.L.C. (PJM) to ensure load-forecasting information is incorporated into PJM's regional planning in a fair, accurate, and non-duplicative manner; and (2) PJM and other regulatory authorities to ensure that new large loads and customer contracts are accounted for in a non-duplicative manner. The bill also requires the board to provide annual reports to the Governor and to the Legislature that include a summary of the load-forecasting information collected, the board's analysis of the load-forecasting information, and the board's efforts to coordinate with PJM and other regulatory authorities. As used in this bill, "load-forecasting information" means any information used to estimate future peak demand within an electric public utility's service territory that is provided by that electric public utility to PJM and utilized by PJM in establishing the reliability requirement in PJM's capacity market. Under the bill, "load-forecasting information" does not include short-term or day-ahead forecasts.
AI Summary
This bill, known as the "Load Forecast Accountability Act," mandates that the New Jersey Board of Public Utilities (BPU) collect and analyze electricity load-forecasting information from electric utilities within the state. Load-forecasting information refers to data used to estimate future peak electricity demand, excluding short-term or day-ahead predictions, which utilities provide to PJM Interconnection, L.L.C. (PJM), a regional transmission organization responsible for managing the electricity grid and its capacity market. The BPU will review this data to understand its impact on state-level load forecasts, aiming to ensure accurate predictions that prevent unnecessary costs for consumers due to over or underbuilding of power resources. Furthermore, the BPU is required to collaborate with PJM and other regulatory bodies to ensure that state load forecasts are fairly and accurately integrated into PJM's regional planning and that new large electricity demands and customer contracts are not counted multiple times across different planning efforts. The BPU will then submit annual reports to the Governor and Legislature detailing the collected information, its analysis, and its coordination efforts.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 02/05/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S3370 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3370_I1.HTM |
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