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Dominion Energy, AEP, and FirstEnergy Propose Joint Regional Transmission Projects

Author

Slice of Energy Team
October 15, 2024

Key Highlights:

  • Dominion Energy, AEP, and FirstEnergy propose joint regional transmission projects.

  • PJM's Open Window process used to submit new 765-kV, 500-kV, and 345-kV transmission lines.

  • Projects aim to address growing power demand from industries and energy transition needs.

  • Proposal responds to FERC encouragement for efficient regional transmission solutions.

Source: PR Newswire

Notable Quotes:

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"This dynamic environment requires more regional collaboration to develop large-scale 'backbone' transmission infrastructure."

Ed Baine, President at Dominion Energy Virginia
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"By drawing upon the combined experience of three leading transmission developers, we can take proactive steps to build new infrastructure."

Mark Mroczynski, President at FirstEnergy Transmission
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"The solutions we have proposed will enable us to continue providing reliable service and drive economic growth."

Bob Bradish, Senior Vice President at AEP

Our Take:

This collaboration among Dominion Energy, AEP, and FirstEnergy marks a significant milestone in addressing the evolving energy demands within the PJM region. With the growing reliance on electrification and the retirement of legacy generation, the development of robust, large-scale transmission infrastructure is critical. By combining their expertise, these three companies are better equipped to provide comprehensive solutions that not only ensure reliability but also support the broader energy transition. As demand for power escalates due to industrial growth and renewable energy integration, these joint projects will play a pivotal role in maintaining grid stability and fostering economic growth across the region.