Go to
http://colorado4wheel.com/manuals/Jeep/KJ/ and grab a copy of the 06 FSM to search for the code. It says the voltage is either too high or too low which I would interpret to = voltage is out of expected range. Beyond that I can only speculate:
1. I don't think it's critical but it might impact the accuracy of your fuel gauge
2. I've see fuel gauge inaccuracy be related to a long in the tooth battery but not with a CEL - might check how clean the battery terminals are and the condition of your battery.
3. I have no clue where the plug in the associated wiring is that's shown in the FSM but if you can find it consider cleaning the plug terminals and making sure contact is good (ex. does wiggling the wire trigger the CEL).