PJM is the Regional Transmission Organization (RTO) that operates the wholesale power markets and controls the transmission of electricity in New Jersey, the District of Columbia, and parts or all of twelve other states, which stretch as far south as North Carolina and as far west as Illinois. PJM also coordinates the flow of electricity produced between New Jersey and New York, which has a separate regional power system. The 2022 Inflation Reduction Act includes financial incentives that support all sources of carbon-free electricity, promote vehicle and building electrification and efficiency, and subsidize carbon capture and storage (CCS).

Join us for a presentation by Professor Jesse Jenkins, Princeton University, on a recent analysis of how the federal Inflation Reduction Act will impact electricity cost, greenhouse gas emissions, and investments in electricity capacity in the PJM region through 2035 and what additional investments and resources will be needed to deeply decarbonize the region by 2035 while maintaining affordable and reliable electricity.

Respondents include Abraham Silverman, Chief Counsel, NJ Board of Public Utilities; Steven Gabel, President, Gabel Associates; and Jeanne Fox, former President of NJ Board of Public Utilities, NJDEPE Commissioner, and EPA Region II Administrator. The session will be moderated by Rutgers University Professor Mark Rodgers.