PJM Board Approves $636 Million In Transmission Projects
August 11, 2016
The PJM board authorized more than $636 million in electric transmission projects to strengthen the grid and reduce electricity costs. The approvals include a $320 million market efficiency project expected to save customers $622 million over 15 years by alleviating congestion across the Pennsylvania and Maryland border. It involves upgrades at existing substations, two new substations, two new transmission lines, and improvements to existing lines. The board also approved a net $316.3 million in other projects to maintain the reliability of the regional electric transmission grid.