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 will engage with stakeholders through public meetings to gather input on the study.

The bill emphasizes the urgent need for improved transmission infrastructure in light of rising energy demand driven by factors such as population growth and increased electrification. It highlights the existing backlog of energy generation projects and the associated grid congestion costs. The BPU is required to submit a written report of its findings to the Governor and the Legislature within one year of the bill's enactment, and to publish the report on its website. This initiative reflects a proactive approach to enhancing the state's electrical grid and ensuring reliable, affordable electricity for consumers.