Requires BPU to work with neighboring states to research and recommend certain action concerning electric capacity and transmission.

This bill requires New Jersey's Board of Public Utilities (BPU) to collaborate with neighboring states to research alternatives to PJM Interconnection's current electricity capacity market. It directs the BPU to propose one of three specific actions by December 2025: (1) require utilities to secure 80% of their future capacity through direct contracts with energy providers, (2) withdraw from PJM's market and develop a regional compact for alternative capacity sourcing, or (3) exit PJM's transmission grid to build an independent grid or join another regional system. The bill responds to concerns that PJM's capacity auction system has caused record-high costs - $14.7 billion for consumers in 2025/2026, up from $2.2 billion previously - due to market flaws and lack of state input. The proposal aims to address these issues and improve affordability for electricity ratepayers.