Requires electric public utilities to apply to BPU for certificate of public convenience and necessity prior to undertaking transmission project.

This bill requires New Jersey electric utilities to obtain a certificate from the Board of Public Utilities (BPU) before starting new transmission lines or modifying existing ones (except for projects already approved by PJM Interconnection). Utilities must submit an application with necessary details and pay a fee, and the BPU must review the request within 150 days (with a possible 75-day extension), evaluating if the project is necessary, cost-effective, and financially feasible for both the utility and its customers. If approved, the BPU authorizes the project and sets a completion timeline, ensuring projects align with reliability and cost-efficiency standards.