PJM Board Approves $1.2B in transmission improvements
Valley Forge, PA - - The PJM Interconnection Board of Managers authorized $1.2 billion in upgrades and improvements to the high-voltage electric transmission system that serves the Mid-Atlantic and all or parts of other states between the Mid-Atlantic and Chicago, Il. The upgrades and improvements were identified as part of PJMÂ’s continuous regional planning process.
The announced changes call for upgrades and improvements to transformers, substations and other transmission facilities throughout the region served by PJM.
"PJM and our members know firsthand that a strong, resilient grid is important to meet the challenging impacts of Mother Nature, such as Super Storm Sandy last year, and the ongoing, dramatic shift of generation from coal to natural gas that's resulted in the closure of many older coal plants," said Terry Boston, PJM president and CEO. "PJM's transmission improvement plan and these new upgrades address these challenges."
With these changes, the PJM regional transmission plan includes more than $24.2 billion of transmission additions and upgrades since the first plan was approved by the board in 2000.
Related News
Lump sum credit on electricity bills as soon as July
ST JOHNS - Most people who pay electricity bills will get a one-time credit as early as July.
The provincial government on Thursday outlined a new directive to the Public Utilities Board to provide a one-time credit for customers whose electricity rates are affected by the price of oil.
Electricity customers who are not a part of the Labrador interconnected system, including those using diesel on the north coast of Labrador, will receive the credit.
The credit, announced at a press conference Thursday morning, will come from the rate stabilization fund, which has an estimated surplus of about $50 million because low oil…
