Frank Pallone urges FERC to extend electricity price caps in New Jersey amid rising costs, advocating for consumer protection.
Quiver AI Summary
Pallone calls for federal intervention on electricity prices: Congressman Frank Pallone, Jr. urged the Federal Energy Regulatory Commission (FERC) to approve PJM Interconnection's proposal to extend its price cap for capacity auctions, as rising electricity costs threaten New Jersey residents. He emphasized that without action, households may face significant increases in their energy bills.
Concerns over energy supply and pricing: Pallone highlighted that current electricity prices in the PJM region have risen 18% over the past year, attributing this to delays in connecting new energy sources and market pressures, such as supply chain disruptions. He warned that extending the price cap could help stabilize costs while longer-term solutions are pursued.
Pallone urges timely action: The Congressman believes that extending the price cap will buy necessary time for regulators and Congress to address system issues without burdening consumers further. He stated that prompt action is critical, especially as electricity demand surges due to new technologies.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Frank Pallone, Jr. Fundraising
Frank Pallone, Jr. recently disclosed $279.4K of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 359th most from all Q4 reports we have seen this year. 31.1% came from individual donors.
Pallone disclosed $418.3K of spending. This was the 148th most from all Q4 reports we have seen from politicians so far this year.
Pallone disclosed $3.1M of cash on hand at the end of the filing period. This was the 118th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Frank Pallone, Jr.'s fundraising on Quiver Quantitative.
Frank Pallone, Jr. Net Worth
Quiver Quantitative estimates that Frank Pallone, Jr. is worth $4.5M, as of March 19th, 2026. This is the 175th highest net worth in Congress, per our live estimates.
Pallone has approximately $353.3K invested in publicly traded assets which Quiver is able to track live.
You can track Frank Pallone, Jr.'s net worth on Quiver Quantitative's politician page for Pallone.
Frank Pallone, Jr. Bill Proposals
Here are some bills which have recently been proposed by Frank Pallone, Jr.:
- H.R.7407: Prohibiting Tianeptine and Other Dangerous Products Act of 2026
- H.R.7372: Safety is Not For Sale Act
- H.R.6292: Don’t Sell Kids’ Data Act of 2025
- H.R.6166: Lowering Drug Costs for American Families Act
- H.R.5484: National Flood Insurance Program Reauthorization and Reform Act of 2025
- H.R.5448: Protecting Free Vaccines Act
You can track bills proposed by Frank Pallone, Jr. on Quiver Quantitative's politician page for Pallone.
2026 New Jersey's 6th Congressional District Election
There has been approximately $3,461,623 of spending in New Jersey's 6th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 New Jersey's 6th congressional district election.
