New Jersey S657 mandates electric public utilities to create and execute grid modernization plans, and allocates $300 million for ratepayer relief.
New Jersey S657 requires electric public utilities to develop and implement grid modernization plans within one year of the bill's effective date. These plans must include projects related to energy storage, interconnection of distributed energy sources, and clean energy delivery aligned with the state's greenhouse gas emissions goals. The Board of Public Utilities (BPU) will review these plans and can approve, conditionally approve, or disapprove them within 240 days. If a plan is disapproved, the utility must revise and resubmit it.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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