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Senate approves resolution directing BPU to investigate PJM after heated debate over auction rules
Summary
The New Jersey Senate passed Senate Joint Resolution 154 directing the Board of Public Utilities to investigate PJM Interconnection LLC’s pricing model after an extended floor debate about whether the investigation should instead be conducted by the Legislature’s select committee on rising energy costs.
The New Jersey State Senate voted to pass Senate Joint Resolution 154 directing the New Jersey Board of Public Utilities (BPU) to investigate PJM Interconnection LLC’s reliable pricing model and urging reforms after prolonged floor debate. The resolution passed 25-12.
The measure, introduced by Senator Bersicelli and Senator Greenstein, asks the BPU to examine PJM’s auction rules and pricing practices and to report back to the Legislature. Senator Bersicelli framed the resolution as a response to an “impending energy crisis,” saying, “We are at the mercy of the market, and that is why our energy costs are going up.”
Why it matters: The resolution responds to a capacity-auction result that lawmakers said will raise electricity bills for New Jersey residents this summer. Senators on both sides said…
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