PJM Interconnection, the grid operator for the U.S. Mid-Atlantic and Midwest regions, opened up a new proposal process for power projects in southern New Jersey on Monday. Notably, the new process will allow non-utilities to compete against established utilities in the state for the first time.
Some facts for context:
- PJM implemented the new approach in response to FERC's Order 1000, which impacted how public utility transmission providers pay for and plan new projects.
- PJM used to be known as Pennsylvania-New Jersey-Maryland Interconnection and serves about 60 million people.
- Existing power companies in New Jersey, which operate as units of Public Service Enterprise Group, Inc., include FirstEnergy Corp, Pepco Holdings Inc and Consolidated Edison Inc.
June 28 will be the deadline for proposals, so watch this story to see who steps up to compete.
