Requires BPU to work with neighboring states to research and recommend certain action concerning electric capacity and transmission.

This bill requires New Jersey's Board of Public Utilities (BPU) to collaborate with neighboring states to research alternatives to PJM Interconnection's current electricity capacity market. It directs the BPU to investigate three specific options: requiring electric companies to secure 80% of future capacity through long-term contracts, withdrawing from PJM's capacity auction to create a multi-state compact, or leaving PJM's transmission grid entirely. The BPU must submit a report with findings and recommendations by December 31, 2025. The legislation directly affects electric load-serving entities in New Jersey that provide power to consumers.