The resolution directs the New Jersey Board of Public Utilities (BPU) to investigate the Reliability Pricing Model of PJM Interconnection, L.L.C., which is responsible for managing electricity distribution in New Jersey and surrounding areas. The investigation aims to assess whether the model effectively ensures resource adequacy at the lowest possible cost, as rising capacity prices have been contributing to increased electricity bills for consumers. The BPU is tasked with reporting its findings to the Governor and Legislature within 12 months of the resolution's enactment.

Additionally, the resolution calls for New Jersey to collaborate with neighboring states to promote affordable energy practices and advocate for necessary reforms within PJM. This includes urging PJM to expedite the review of new electricity generation applications and implement market reforms that protect consumers from rising capacity prices. The BPU has been actively working to incentivize new generation resources to meet growing energy demands and mitigate price increases, while also coordinating with other states and consumer advocates to push for improvements in the capacity market.