Requires transmission owners to join regional transmission organizations approved by Federal Energy Regulatory Commission. **

Summary

The bill bars any New Jersey transmission owner from owning or controlling electric transmission facilities unless they become members of a Federal Energy Regulatory Commission‑approved regional transmission organization and hand over control of those facilities. It sets out specific standards those organizations must meet, such as independence from generators and policies to reduce duplicate charges. The measure aims to improve reliability, competition, and fairness in the state's electricity market.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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