Utility Dive•7 days ago
PJM board approves $11.8B transmission expansion plan
Key Takeaway
This significant PJM transmission investment signals improved grid reliability and capacity, creating new opportunities for generation developers and more stable, potentially lower-cost power for large consumers in the region.
AI Summary
- •PJM board has approved an $11.8 billion transmission expansion plan, signaling significant grid infrastructure investment.
- •Major projects include Dominion Energy's $4.8 billion high-voltage, direct-current (HVDC) underground project in Virginia and a $1.7 billion project by NextEra Energy-Exelon in Pennsylvania.
- •This expansion aims to enhance grid reliability, alleviate congestion, and facilitate the integration of new generation, creating new interconnection opportunities for developers.
- •For large power consumers, these upgrades promise more stable and potentially lower-cost power access by improving overall grid capacity and efficiency within the PJM footprint.
Topics
datacenterfinancinginterconnectpjmpolicytransmission