The Power Plant Host Community Benefit Agreement and Fee Act establishes a framework for municipalities and owners of electric generating facilities with a capacity of at least 10 megawatts to negotiate host community benefit agreements and implement impact fees. The bill mandates that before finalizing any agreements, the facility owner must consult with the local governing bodies and hold public hearings to allow community input. If an agreement is reached, it must be submitted to the Department of Environmental Protection (DEP) for publication. The act also outlines the consequences if an agreement is not reached, including the continued obligation of the facility owner to pay required impact fees.

The act specifies the financial obligations of facility owners, including up-front and annual payments to municipalities, counties, and school districts based on the facility's generating capacity. These funds are designated for various community needs, such as infrastructure maintenance, emergency services, and environmental programs. Additionally, the act requires the payment of an annual administrative fee to the DEP to support its regulatory responsibilities. Public participation is emphasized throughout the process, ensuring that community members have opportunities to engage in discussions regarding the impact of power plants in their areas. The act will take effect 60 days after its passage.