In order to ensure proper location and design of public and private utility systems, the Planning Board shall review all proposed systems. This review shall apply to the transmission and distribution grids for water, sewer, gas, electric, telephone and cable television systems. The utility company or agency shall submit detailed plans showing the design, location and capacity of all proposed systems. The Planning Board shall, within 60 days, report to the utility company or agency and either approve, disapprove or approve with modifications the proposed plans.