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. The study aims to evaluate various aspects of ATT, including their attributes, functions, costs, and benefits, while considering factors such as transmission capacity, efficiency, and the ability to mitigate grid congestion. The BPU is also tasked with identifying potential reductions in project costs and timelines associated with ATT compared to traditional infrastructure, as well as exploring ways to streamline the deployment process. Additionally, the bill emphasizes the importance of public engagement, requiring the BPU to hold at least two stakeholder meetings to gather input from interested parties.

Within one year of the bill's enactment, the BPU must submit a written report detailing the findings of its study to both the Governor and the Legislature, and the report must be made available on the BPU's website. The bill defines advanced transmission technology broadly, encompassing various software and hardware solutions that enhance the capacity, efficiency, reliability, or safety of electric transmission facilities. This initiative reflects a proactive approach to addressing the growing energy demands in New Jersey and aims to improve the state's transmission infrastructure to better serve its residents.