This bill mandates the New Jersey Board of Public Utilities (BPU) to collect and analyze load-forecasting information from electric public utilities and load-serving entities. The BPU is tasked with ensuring that this information is transparent and accurate, which is crucial for effective system planning and capacity requirements in light of projected electricity demand growth due to factors such as data centers and the electrification of vehicles and buildings. The bill emphasizes the need for the BPU to coordinate with PJM Interconnection, L.L.C. (PJM) and other regulatory authorities to prevent duplicative counting of projects and customer contracts, thereby enhancing the reliability of load forecasts.

Additionally, the bill requires the BPU to submit annual reports to the Governor and the Legislature starting in 2026. These reports will summarize the load-forecasting information collected, the BPU's analysis of this information, and the efforts made to coordinate with PJM and other regulatory bodies. The bill defines "load-forecasting information" to include the methodologies, data, and assumptions used in predicting future electrical load requirements, as well as any relevant contracts and agreements between utilities and their customers.