New Jersey Statutes Title 48. Public Utilities 48 § 3-121.4

(1) examine the impact of the State's energy storage programs, individually and collectively, on the State's progress toward the 2030 energy storage target established pursuant to section 1 of P.L.2018, c. 17 (C.48:3-87.8);

(2) assess the impact of the energy storage program established pursuant to P.L.2025, c. 136 (C.48:3-121.2 et al.) on ratepayers, which impact shall include an evaluation of any costs and benefits to ratepayers as a result of increased energy storage capacity under the program;

(3) evaluate any changes in the PJM capacity market or in the federal energy and utility landscape that could impact the need for incentive awards issued through the energy storage program established pursuant to P.L.2025, c. 136 (C.48:3-121.2 et al.);

(4) study any other information the board deems necessary to make its determination pursuant to paragraph (5) of this subsection;  and

(5) determine, at the discretion of the board, whether to extend the procurement of transmission-scale energy storage pursuant to P.L.2025, c. 136 (C.48:3-121.2 et al.) through subsequent tranches based on its findings from paragraphs (1) through (4) of this subsection.