Directs BPU to investigate PJM Interconnection, L.L.C.'s Reliability Pricing Model; directs State to promote affordable energy practices and to urge PJM Interconnection, L.L.C. to implement certain reforms.

SJR 154 directs New Jersey's Board of Public Utilities (BPU) to investigate PJM Interconnection's capacity market pricing model to determine if it ensures reliable electricity at the lowest cost, requiring a report within 12 months. It also mandates the state to collaborate with neighboring PJM states to promote affordable energy practices, urge PJM to implement market reforms protecting ratepayers from rising prices, and accelerate reviews of new power generation projects. The resolution addresses concerns about increasing electricity costs for New Jersey customers, linked to PJM's current pricing structure and delays in new energy resources entering the grid. This action aims to align PJM's operations with New Jersey's energy affordability goals under the Electric Discount and Energy Competition Act.