Utility Dive•about 2 months ago
PJM board approves $11.8B transmission expansion plan
- •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.
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