PJM approves $1.2 billion in PSE&G transmission improvements
PSE&G's capital spending will increase less than the $1.2 billion associated with the 345-kV project
The PJM Interconnection approved a $1.2 billion 345-kV double-circuit transmission investment designed to resolve short-circuit concerns in northern New Jersey. The project, to be developed by PSE&G, a unit of Public Service Enterprise Group (PEG), will enhance the reliability of the transmission infrastructure and allow for handling of increased load over the next several decades.
The upgrades will span from the Linden to Bergen power plants and include upgrading ties to Newark Airport, the Hudson Power Station and New York City connections. Planning work is underway and construction is expected to be completed within 48 months.
The project was selected to overcome specific potential reliability issues in the transmission grid but the project will also negate the need for several projects that had been planned to solve other identified problems.
The net increase in PSE&G's planned capital expense will be determined based on the net projects completed. As a result, PSE&G's capital spending will increase less than the $1.2 billion associated with the 345-kV project.