The bill amends existing laws related to the interconnection of grid supply solar facilities and energy storage facilities to electric public utilities in New Jersey. It defines key terms such as "energy storage facility," "grid services compensation," and "Level 3 interconnection application process," among others. The bill mandates that electric public utilities must accept and process Level 3 interconnection applications for facilities with a capacity of 20 megawatts or less, unless the application is deemed incomplete or poses safety risks. Utilities are required to provide recommendations for modifications if an application is incomplete or unsafe, and they must process complete applications in a timely manner, providing an initial feasibility study within 90 days.

Additionally, the bill stipulates that grid supply solar facilities and energy storage facilities connected to the electric transmission or distribution system are eligible for state incentives, provided they obtain the necessary approvals. It also requires the Board of Public Utilities to adopt rules and regulations for implementing these provisions within 210 days of the bill's effective date. The bill emphasizes collaboration between electric public utilities and solar energy generators to ensure safe and reliable interconnections while allowing for the use of existing infrastructure to facilitate these connections.