Statement from Governor Phil Murphy, Senate President Nicholas Scutari, and Assembly Speaker Craig Coughlin on PJM’s Base Residual Auction

July 23, 2025 | nj.gov

New Jersey cannot and will not accept a system that puts profits for out-of-state generators ahead of affordability for our residents. Our clean energy goals have always been rooted in lowering costs, increasing reliability, and building energy right here at home. But those efforts have been consistently undermined by the regional grid operator, PJM Interconnection, which has stalled critical projects that would create more energy here in New Jersey.

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NJ SEED: PJM is the largest power grid operator in the United States, serving 65 million customers from Chicago to New Jersey. It delivers over 780 terawatt-hours of electricity annually. It may be getting to big to be efficient, but NJ’s commitment to eliminating fossil fuels does not contribute to resolving future energy demand.