This bill mandates the New Jersey Board of Public Utilities (BPU) to conduct a comprehensive study on the potential deployment of advanced transmission technologies (ATT) by electric public utilities in the state. The study aims to evaluate the attributes, functions, costs, and benefits of ATT, which includes technologies designed to enhance the capacity, efficiency, reliability, or safety of electric transmission facilities. The BPU is tasked with identifying ways to streamline the deployment of ATT, assessing the potential for cost reductions and faster project completion timelines compared to traditional infrastructure, and exploring policies from other states that could facilitate the adoption of ATT in New Jersey. Additionally, the board is required to hold at least two public stakeholder meetings to gather input from interested parties and the public.

Within one year of the bill's enactment, the BPU must submit a written report detailing the findings of its study to the Governor and the Legislature, as well as publish the report on its website. The bill highlights the urgent need for improved transmission infrastructure in light of rising energy demand due to factors such as population growth and increased electrification, while also addressing the existing backlog of energy generation projects. By studying ATT, the BPU aims to enhance the efficiency and reliability of the electrical grid, ultimately benefiting consumers and stakeholders in New Jersey.