Requires BPU to establish beneficial building electrification and decarbonization program and requires certain entities to submit plans to implement individual beneficial building electrification and decarbonization programs.*

This bill requires New Jersey's Board of Public Utilities (BPU) to create a program for building electrification and mandates electric public utilities to develop multi-year plans to replace fossil fuel systems with electric alternatives. The plans must meet specific greenhouse gas reduction targets and be cost-effective from a societal perspective, considering environmental benefits like reduced methane emissions. Key mechanisms include converting gas heating/water systems to electric heat pumps, replacing gas appliances with electric models (e.g., induction stoves), and funding contractor training programs. The bill directly affects electric utilities, building owners, and contractors by requiring systemic shifts toward electrified heating, cooking, and industrial processes.