Requires BPU to discontinue Infrastructure Investment Program.

This bill (A4507) requires New Jersey's Board of Public Utilities (BPU) to end the Infrastructure Investment Program (IIP), which allowed utilities to seek approval for specific projects outside standard rate cases. It prohibits the BPU from accepting new IIP petitions or approving pending ones without conducting a full rate review for the involved utility. Utilities with existing IIP petitions must either include their investment plans in their next regular rate case or provide full rate review details within 90 days (or risk having their petition withdrawn). The bill directly affects public utilities that previously used the IIP and the BPU's regulatory process.