PJM to invest $4.6B in regional grid

smart grid pic

The PJM Interconnection Board will invest $4.6 billion in the high-voltage electric transmission grid that provides power to 13 states and the District of Columbia, including 61 million customers.

New Jersey will see $1.2 billion for a project that will address short circuit and thermal problems in the northern part of the state.

More than $3 billion will be used for upgrades to connect new generating facilities, according to PJM. 

Fifteen utility territories will use $1.5 billion for reliability projects including a new 500-kV line in the Dominion region; new substations to reinforce lower voltage systems; and upgrades to improve reliability.

Since 2000, when the PJM Regional Transmission Expansion Planning process began, the board has approved $28.9 billion in transmission investment.

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