The Power Plant Host Community Benefit Agreement and Fee Act establishes a framework for municipalities, counties, and school districts to negotiate benefit agreements with owners of electric generating facilities that have a capacity of at least 10 megawatts. The bill mandates that these owners engage in discussions with local governing bodies to evaluate the need for such agreements and requires public hearings to allow community input before finalizing any agreements. If an agreement is reached, it must be submitted to the Department of Environmental Protection (DEP) for publication. The act also stipulates that if an agreement is not reached after necessary zoning and building permits are approved, the owner must still comply with the act's provisions, including the payment of impact fees.

The bill outlines specific financial obligations for facility owners, including up-front and annual impact fees to be paid to municipalities, counties, and school districts, with designated uses for these funds such as infrastructure maintenance, emergency services, and environmental programs. Additionally, the act imposes an annual administrative fee on facility owners to support the DEP's oversight responsibilities. Public participation is emphasized throughout the process, requiring both facility owners and local governments to hold public meetings to ensure community engagement in the decision-making process. The act is set to take effect 60 days after its passage.