Directs BPU to update interconnection standards for Class I renewable energy sources and develop fixed fee structure for interconnection costs.

This bill directs New Jersey's Board of Public Utilities (BPU) to update safety and power quality standards for connecting Class I renewable energy projects (like residential solar panels and small wind systems) to the electric grid, and to establish a fixed fee structure for interconnection costs. The BPU must adopt new standards within 18 months that align with national models, while creating "grid modernization fees" based on project size - capping residential fees at $50 per kilowatt for systems under 10 kW for the first three years. Utilities may recover costs exceeding these fees through approved rate adjustments if infrastructure upgrades are deemed necessary for public benefit. The BPU must also set maximum interconnection cost thresholds and report on economic impacts and progress toward clean energy goals within one year of implementation.