Establishes certain requirements for certain public utility infrastructure investments.*

This bill requires all electric public utilities in New Jersey to create and submit detailed grid modernization plans within one year. The plans must outline specific projects to modernize the electricity distribution system, including integrating energy storage, improving storm resilience, supporting renewable energy connections, and reducing outages. Utilities must include cost estimates and timelines, and the Board of Public Utilities must review and approve the plans within 240 days. Once approved, utilities must begin implementing the plan within 90 days. The bill directly affects all electric utilities serving New Jersey customers, aiming to enhance grid reliability and support state climate goals.