The resolution expresses the New Jersey General Assembly's lack of confidence in the New Jersey Board of Public Utilities (BPU) due to its failure to regulate energy effectively and ensure affordable utility services for residents. The BPU is responsible for overseeing the generation, transmission, and distribution of energy in the state, but under its current policies, New Jersey has transitioned from being a net exporter to a net importer of electricity. As a result, electricity prices for residents are significantly higher than the national average, with an expected increase of 17 to 20 percent in June 2025 following the certification of the Basic Generation Service auction results.
The resolution highlights concerns regarding the BPU's approach to energy policy, including its prioritization of electrification and renewable energy goals over affordability for ratepayers. It notes that the BPU has used ratepayer revenues for temporary subsidies rather than pursuing long-term solutions to rising costs. Additionally, statements from BPU commissioners indicate a dismissive attitude towards dissenting opinions and a focus on green energy policies at the expense of ratepayer interests. Consequently, the General Assembly concludes that it can no longer trust the BPU to provide affordable energy to New Jersey residents and will communicate this resolution to the Governor and BPU leadership.