Allows electric public utilities to enter into agreements to place power restoration equipment on private property in anticipation of certain power outages.

This bill allows electric utilities in New Jersey to formally agree with private property owners to place power restoration equipment (like generators or repair tools) on their land before major disasters. It directly affects utility companies and private property owners who may be asked to host this equipment. The agreement would enable utilities to pre-position gear in advance of events like hurricanes, floods, or major storms that could cause power outages lasting over 48 hours. The bill is pending and would take effect immediately upon enactment, though it would remain inactive for 60 days after passing.