TRENTON, NJ – Governor Phil Murphy has signed into law two bills directing state regulators to investigate New Jersey’s skyrocketing electricity costs, a crisis that has deepened under his administration as the state shifted from exporting power to importing it, and as his clean energy agenda has struggled to deliver results.

The laws — AJR216/SJR154 and A5463/S4363 — order the state Board of Public Utilities (BPU) to review PJM Interconnection, the regional grid operator responsible for electricity supply in New Jersey and 12 other states. Regulators are tasked with examining whether PJM’s pricing model is functioning as intended, ensuring adequate power generation at the lowest possible cost. The BPU must also continue working with other PJM states to push for reforms and report back to

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