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 required to ensure that this information is transparent and accurate, which is crucial for effective system planning and to prevent unnecessary costs for consumers. The bill emphasizes the importance of coordinating with PJM Interconnection, L.L.C. (PJM) and other regulatory authorities to incorporate load-forecasting data into regional planning in a fair and non-duplicative manner.

Additionally, the BPU must submit annual reports to the Governor and the Legislature starting in 2026, summarizing the load-forecasting information collected, the analysis conducted, and the coordination efforts with PJM and other authorities. The bill defines "load-forecasting information" to include methodologies, data, and assumptions used in predicting future electrical load requirements, as well as any relevant contracts and agreements between utilities and their customers. This initiative aims to enhance the reliability of electricity supply and protect consumers from the financial impacts of mismanaged load forecasting.