New Jersey A3980 mandates electric public utilities to develop and implement grid modernization plans.

New Jersey A3980, the "Powering Up New Jersey Act," requires electric public utilities to create and submit grid modernization plans to the Board of Public Utilities (BPU). These plans must identify projects to modernize the electric distribution system, including energy storage integration, increased capacity for distributed energy resources, and measures to meet greenhouse gas emissions goals. The BPU must approve, conditionally approve, or disapprove these plans within 240 days of receipt, based on feasibility, cost-effectiveness, and ratepayer impact.

New Jersey A3980 mandates electric public utilities to develop and implement grid modernization plans.

New Jersey A3980, the "Powering Up New Jersey Act," requires electric public utilities to create and submit grid modernization plans to the Board of Public Utilities (BPU). These plans must identify projects to modernize the electric distribution system, including energy storage integration, increased capacity for distributed energy resources, and measures to meet greenhouse gas emissions goals. The BPU must approve, conditionally approve, or disapprove these plans within 240 days of receipt, based on feasibility, cost-effectiveness, and ratepayer impact.