NJ A6153

Requires electric utilities to conduct advanced planning and construction of distribution system capacity, preorder equipment, and upgrade infrastructure to meet federal, state, and local decarbonization and air quality standards without substantial customer delays

Mandates electric utilities file detailed hosting capacity and load capacity maps, target energization timeframes, flexible interconnection tariffs, distributed energy resource plans, and EV charging rates with the Board of Public Utilities within 240 days of enactment

Establishes an Infrastructure Investment Program allowing public utilities (electric, gas, and water) to obtain accelerated cost recovery for safety, reliability, and resiliency projects over periods up to five years

Caps accelerated rate recovery at 5% of customer delivery rates, requires semi-annual reporting to the Board and Rate Counsel, and subjects all expenditures to prudence review in the utility's next base rate case

Prohibits accelerated recovery if a utility's return on equity exceeds its last approved rate by 50 basis points or more, and requires utilities to maintain at least 10% of program spending through normal capital expenditures