Dive Summary:
- PJM Interconnection, the independent regional power grid operator, ordered the 145-mile Susquehanna-Roseland power line to help avoid violating national standards for grid operation and replace an old 85-year-old power line.
- PSE&G and PPL Electric Utilities will start construction on the Northeast line to secure reliability, reduce congestion and “reinforce our nation's critical energy infrastructure for future generations," Ralph LaRossa, president and COO of PSE&G, and Gregory N. Dudkin, president of PPL, said in a joint statement.
- According to the project fact sheet, the project will cost $1.2-$1.3 billion, a cost spread across the 51 million customers in PJM territory.
From the article:
“It is estimated that the project will save consumers more than $200 million per year by relieving the congestion that currently exists on the power grid.”