This bill mandates that data center owners and operators in New Jersey submit semi-annual water and energy usage reports to the Board of Public Utilities (BPU) for a period of three years. The reports must include basic information about the data center, detailed energy and water usage data, and any additional information deemed necessary by the BPU. Data centers that receive financial incentives from state agencies are required to include performance calculations and sustainability indicators in their reports. For data centers operational for at least one year, the initial report is due within three months of the bill's enactment, while others must submit their reports within six months.

Additionally, the BPU is required to publish certain information from these reports on its website within 30 days of receipt, although specific performance and sustainability data will remain confidential. Data center operators must also notify the BPU of any significant operational changes that would necessitate an update to their reports at least 60 days in advance. After the three-year period, the BPU has the authority to decide whether to make the reporting requirement permanent through the adoption of appropriate regulations.