Establishes natural gas power plant procurement program in BPU.

This bill establishes a program through New Jersey's Board of Public Utilities (BPU) to procure new natural gas power plants capable of generating at least 1,100 megawatts. It requires developers to submit detailed proposals - including permitting plans, cost analyses, financing structures, and proposed rates - to the BPU within 90 days of a request for interest. The program introduces "natural gas energy certificates" (NGECs) to represent energy supply and reliability, with cost-sharing mechanisms for construction overruns under 20% of estimates. It directly affects natural gas plant developers seeking approval, ratepayers who may see cost impacts on bills, and the state's electricity infrastructure planning.