The Joint Resolution No. 11, approved on August 15, 2025, directs the New Jersey Board of Public Utilities (BPU) to investigate the Reliability Pricing Model of PJM Interconnection, L.L.C. (PJM), which is responsible for managing electricity distribution in New Jersey and surrounding areas. The resolution highlights concerns regarding the rising costs of capacity in PJM's capacity market auctions, which contribute to increased electricity bills for consumers. It emphasizes the need for alignment between capacity prices and the principles of affordability and transparency as outlined in New Jersey's Electric Discount and Energy Competition Act. Additionally, the resolution notes that delays in PJM's interconnection queue hinder the timely operationalization of new electric generation resources, which are essential for maintaining reliability and keeping costs low.

Furthermore, the resolution calls for New Jersey to collaborate with neighboring states to promote equitable energy practices and to advocate for market reforms within PJM that would protect ratepayers from escalating capacity prices. It also urges PJM to expedite the review of new electricity generation applications. The BPU is tasked with reporting the findings of its investigation to the Governor and the Legislature within 12 months. The resolution reflects ongoing efforts by the BPU, under Governor Murphy's leadership, to incentivize new generation sources and protect consumers from rising energy costs, while also coordinating with other states and consumer advocates to address these challenges at the federal level.