PJM Board Approves $1.2B in transmission improvements
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.
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Lebanon Cabinet approves watershed electricity sector reform
BEIRUT - Lebanon’s Cabinet has approved a much-anticipated plan to restructure the country’s dysfunctional electricity sector which hasn’t been developed since the time of the country’s civil war, decades ago.
The Lebanese depend on a network of private generator providers and decrepit power plants that rely on expensive fuel oil. Subsidies to the state electricity company cost nearly $2 billion a year.
For years, reform of the electricity sector has been a major demand of Lebanon’s population of over 5 million. But frequent political stalemates, corruption and infighting among politicians, entrenched since the civil war that began in 1975, often derailed reforms.
International…
