N.J. Stat. § 48:7-28: Findings, declarations.

1. The Legislature finds and declares that:

a. The reliable operation of the electric transmission system is essential to the health, safety, and economic welfare of the residents of the State and to the State’s ongoing response to the electricity affordability emergency declared by the Governor;

b. The regional coordination of electric transmission facilities, through entities approved by the Federal Energy Regulatory Commission (FERC) to serve as regional transmission organizations, independent system operators, or functionally similar entities, promotes system reliability;

c. Membership in such entities is necessary to provide regulatory certainty for transmission planning, protect the State’s investment in regional transmission infrastructure, and ensure that changes in the ownership or business strategy of any individual transmission owner do not disrupt the reliable operation of the State’s electric transmission system; and

d. It is therefore in the public interest of the State to require each electric transmission facility located in New Jersey to be owned and operated by a transmission owner that is a member of, and has transferred operational control of those facilities to, an entity approved by FERC to serve as a regional transmission organization, independent system operator, or functionally similar entity.

L.2026, c.33, s.1.