Kim, Booker Lead Members of NJ Congressional Delegation in Letter to PJM Interconnection (PJM) Raising Serious Concerns over Rate Increase Impacting New Jersey Families

JERSEY CITY, N.J.– This afternoon, SenatorsAndy Kim (D-NJ)andCory Booker (D-NJ)led a letter alongside seven members of New Jersey’s congressional delegation to PJM Interconnection (PJM), New Jersey’s regional transmission organization (RTO). Ahead of an anticipated 17% rate increase on June 1, the legislators urged PJM to provide updates on steps it is taking to lower rates for New Jersey families and those across the thirteen states PJM operates.
The legislators wrote:“We write to express concerns over the expected electricity price increase in New Jersey, along with other states across the PJM Interconnection (PJM) territory, in the months ahead, and to request information regarding steps PJM is taking to mitigate these increases. As the regional transmission organization (RTO) for the electric grid across a 13-state region that includes New Jersey, PJM plays an essential role in ensuring capacity to maintain affordable rates for electricity customers.
“The results of your most recent capacity auction in 2024 reflect the growing demand on the grid from data centers and advanced computer technology, along with an insufficient increase in new generation. As you know, there is a $14.7 billion cost to ratepayers, which is in large part driving an expected 17 percent or greater increase in electric utility bills in New Jersey beginning June 1, 2025.”
The legislators conclude:“We know that unlocking the interconnection queue and lowering electricity prices will require efforts from a range of entities, including federal and state partners, in concert with PJM’s ongoing work. However, given PJM’s central role in processing interconnection requests and the impact of the project backlog on the recent capacity auction price spike, we request prompt responses to the following series of questions related to lowering costs for New Jersey families:”
The full questions the lawmakers pose can be found below:
In addition to New Jersey, PJM Interconnection serves as the RTO across Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.
A full copy of the letter can be foundhere.

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