Sherrill declares state of emergency over electricity costs
Key Points:
- New Jersey Governor Mikie Sherrill declared a statewide emergency to address the electricity supply and affordability crisis driven by rising demand from data centers and an unreliable PJM grid.
- Sherrill signed two executive orders to accelerate solar, battery storage, and virtual power plant projects, reform utility interconnection and permitting, and create a Nuclear Power Task Force to prevent brownouts, blackouts, and price spikes.
- The orders freeze electricity rate increases, mandate transparency from utilities, and initiate a comprehensive review of utility costs while emphasizing the urgent need to expand power generation to meet growing demand.
- PJM, the regional grid operator, forecasts a 20% increase in peak demand by 2030, with recent capacity auctions causing over $4 billion in