Requires BPU to establish beneficial building electrification and decarbonization program and requires electric public utilities to prepare and implement beneficial building electrification and decarbonization plans.*

This bill requires New Jersey's Board of Public Utilities (BPU) to create a program for building electrification and decarbonization. It mandates electric utilities to develop and implement multi-year plans converting fossil fuel systems (like gas heating and cooking) to efficient electric alternatives, such as heat pumps and induction stoves, while meeting specific greenhouse gas reduction targets. Plans must be cost-effective from a societal perspective, considering environmental benefits like reduced methane emissions. The program aims to lower emissions and energy costs through utility-led initiatives, with the BPU setting targets and performance incentives.