SENATE ECONOMIC GROWTH COMMITTEE

STATEMENT TO

SENATE, No. 4519

with committee amendments

STATE OF NEW JERSEY

DATED:  JUNE 12, 2025

      The Senate Economic Growth Committee reports favorably and with committee amendments Senate Bill No. 4519.

      As amended and reported, this bill prohibits a transmission owner located in the State from owning or controlling an electric transmission facility, unless the transmission owner is a member of, and transfers control of those electric transmission facilities to, one or more transmission entities that are operational and meet certain specifications outlined in the bill.

      A transmission owner located in the State is deemed to be in compliance with the provisions of the bill if each transmission entity of which the transmission owner is a member meets certain specifications as provided in the bill.

COMMITTEE AMENDMENTS:

      The committee amended the bill to make technical changes.