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 legally agree with private property owners to pre-position power restoration equipment on their land before major weather events or disasters that could cause prolonged outages (defined as affecting 10% of customers or triggering a state emergency declaration). It directly affects utilities seeking to improve response times and private property owners who would grant access to their land. The key provision creates a new legal framework for these pre-outage agreements, requiring utilities to determine the equipment placement themselves. The bill takes effect immediately but remains inactive for 60 days after enactment.