PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy
PJM Interconnection has selected multiple electric transmission projects to be jointly developed by Dominion Energy (D), American Electric Power, and FirstEnergy through their newly formed Valley Link Transmission Company joint venture. The projects will span across Virginia, West Virginia, and Maryland.
The key developments include:
- A 260-mile 765-kilovolt transmission line with two substations between Putnam County, WV and Frederick County, MD
- A 155-mile 765-kV transmission line with a substation between Campbell County, VA and Fauquier County, VA
- A new substation in Caroline County, VA
These infrastructure investments aim to address the region's growing power demands, enhance grid reliability, and support economic development. The projects are in early development stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.
PJM Interconnection ha selezionato diversi progetti di trasmissione elettrica da sviluppare congiuntamente da Dominion Energy (D), American Electric Power e FirstEnergy attraverso la loro nuova joint venture Valley Link Transmission Company. I progetti si estenderanno attraverso Virginia, West Virginia e Maryland.
Le principali iniziative includono:
- Una linea di trasmissione di 260 miglia a 765 kilovolt con due sottostazioni tra la Contea di Putnam, WV e la Contea di Frederick, MD
- Una linea di trasmissione di 155 miglia a 765 kV con una sottostazione tra la Contea di Campbell, VA e la Contea di Fauquier, VA
- Una nuova sottostazione nella Contea di Caroline, VA
Questi investimenti infrastrutturali mirano a soddisfare le crescenti esigenze energetiche della regione, migliorare l'affidabilità della rete e supportare lo sviluppo economico. I progetti sono nelle fasi iniziali di sviluppo, con piani dettagliati per i permessi, le approvazioni normative e la partecipazione pubblica previsti nei prossimi mesi.
PJM Interconnection ha seleccionado múltiples proyectos de transmisión eléctrica para ser desarrollados conjuntamente por Dominion Energy (D), American Electric Power y FirstEnergy a través de su nueva empresa conjunta Valley Link Transmission Company. Los proyectos abarcarán Virginia, West Virginia y Maryland.
Los desarrollos clave incluyen:
- Una línea de transmisión de 260 millas a 765 kilovoltios con dos subestaciones entre el Condado de Putnam, WV y el Condado de Frederick, MD
- Una línea de transmisión de 155 millas a 765 kV con una subestación entre el Condado de Campbell, VA y el Condado de Fauquier, VA
- Una nueva subestación en el Condado de Caroline, VA
Estas inversiones en infraestructura tienen como objetivo abordar la creciente demanda de energía de la región, mejorar la fiabilidad de la red y apoyar el desarrollo económico. Los proyectos se encuentran en las primeras etapas de desarrollo, con planes detallados para permisos, aprobaciones regulatorias y participación pública que se esperan en los próximos meses.
PJM Interconnection는 Dominion Energy (D), American Electric Power 및 FirstEnergy가 새로 설립한 Valley Link Transmission Company 합작 투자를 통해 공동 개발할 여러 전력 전송 프로젝트를 선택했습니다. 이 프로젝트는 버지니아, 웨스트버지니아 및 메릴랜드 전역에 걸쳐 있습니다.
주요 개발 사항은 다음과 같습니다:
- 푸트남 카운티(WV)와 프레더릭 카운티(MD) 사이에 있는 두 개의 변전소가 있는 260마일 길이의 765킬로볼트 전송선
- 캠벨 카운티(VA)와 포키어 카운티(VA) 사이에 있는 변전소가 있는 155마일 길이의 765kV 전송선
- 캐롤라인 카운티(VA)의 새로운 변전소
이러한 인프라 투자들은 지역의 증가하는 전력 수요를 충족하고, 그리드의 신뢰성을 향상시키며, 경제 개발을 지원하는 것을 목표로 하고 있습니다. 프로젝트는 초기 개발 단계에 있으며, 허가, 규제 승인 및 공적 참여에 대한 세부 계획이 향후 몇 개월 내에 예상됩니다.
PJM Interconnection a sélectionné plusieurs projets de transmission électrique à développer conjointement par Dominion Energy (D), American Electric Power et FirstEnergy à travers leur nouvelle coentreprise Valley Link Transmission Company. Les projets s'étendront à travers la Virginie, la Virginie-Occidentale et le Maryland.
Les développements clés comprennent:
- Une ligne de transmission de 260 miles à 765 kilovolts avec deux sous-stations entre le comté de Putnam, WV et le comté de Frederick, MD
- Une ligne de transmission de 155 miles à 765 kV avec une sous-station entre le comté de Campbell, VA et le comté de Fauquier, VA
- Une nouvelle sous-station dans le comté de Caroline, VA
Ces investissements dans les infrastructures visent à répondre à la demande croissante d'énergie de la région, à améliorer la fiabilité du réseau et à soutenir le développement économique. Les projets en sont à leurs débuts, avec des plans détaillés pour les permis, les approbations réglementaires et la participation du public attendus dans les mois à venir.
PJM Interconnection hat mehrere elektrische Übertragungsprojekte ausgewählt, die gemeinsam von Dominion Energy (D), American Electric Power und FirstEnergy durch ihr neu gegründetes Valley Link Transmission Company Joint Venture entwickelt werden sollen. Die Projekte werden sich über Virginia, West Virginia und Maryland erstrecken.
Die wichtigsten Entwicklungen umfassen:
- Eine 260 Meilen lange 765-Kilovolt-Übertragungsleitung mit zwei Umspannwerken zwischen Putnam County, WV und Frederick County, MD
- Eine 155 Meilen lange 765-kV-Übertragungsleitung mit einem Umspannwerk zwischen Campbell County, VA und Fauquier County, VA
- Ein neues Umspannwerk im Caroline County, VA
Diese Infrastrukturinvestitionen zielen darauf ab, den wachsenden Energiebedarf der Region zu decken, die Zuverlässigkeit des Netzes zu verbessern und die wirtschaftliche Entwicklung zu unterstützen. Die Projekte befinden sich in den frühen Entwicklungsphasen, wobei detaillierte Pläne für Genehmigungen, regulatorische Genehmigungen und die öffentliche Teilnahme in den kommenden Monaten erwartet werden.
- Major infrastructure expansion to meet growing power demand
- Strategic partnership reducing development costs through shared expertise
- Strengthening grid reliability and capacity across multiple states
- Significant capital expenditure required for 415 miles of transmission lines
- Extended timeline for regulatory approvals and permits
- Potential environmental and community impact concerns during development
Insights
PJM's selection of these major transmission projects represents a significant capital investment opportunity for Dominion Energy and its partners in the newly formed Valley Link Transmission Company joint venture. While financial details weren't disclosed, projects of this magnitude—involving over 400 miles of high-voltage transmission lines and multiple substations—likely represent a multi-billion-dollar investment over the coming decade.
From an investor perspective, regulated transmission assets are particularly valuable as they typically provide stable, predictable returns under FERC jurisdiction, often at higher allowed ROEs than state-regulated distribution investments. These projects should support Dominion's long-term earnings growth while strengthening grid reliability across its service territory.
The joint venture structure is strategically significant, allowing Dominion to share development costs and risks while leveraging the specialized expertise of AEP (known for its extensive 765kV transmission experience) and FirstEnergy. This collaborative approach may accelerate regulatory approvals and potentially improve project economics compared to individual utility development.
Investors should note several key considerations: 1) These projects face a lengthy development timeline with regulatory and permitting hurdles that could affect ultimate scope and timing; 2) The capital requirements will influence Dominion's financing needs and balance sheet management in coming years; and 3) The projects align with broader industry trends toward major transmission expansion to support both reliability and the clean energy transition.
The announcement reinforces Dominion's focus on its core regulated utility operations following its strategic pivot away from non-regulated businesses, positioning the company to benefit from the substantial infrastructure investments needed across the PJM region.
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Companies will jointly develop transmission projects in
Virginia ,West Virginia andMaryland to reliably serve the region’s growing power demand - Needed transmission reliability investments will also increase the grid’s resiliency and capacity to support new generation
- Projects are in the early stages of development, with more detailed plans for permitting, regulatory approvals and public participation expected in the coming months
The companies jointly proposed the projects through PJM’s Regional Transmission Expansion Plan (RTEP) Open Window process in September 2024, and yesterday they were awarded by the PJM Board of Managers. PJM is the regional transmission organization that coordinates the transportation of wholesale electricity across the 13-state region that includes
The companies will develop the projects through the recently formed Valley Link Transmission Company, LLC joint venture. The innovative collaboration will leverage the companies’ collective expertise and resources to deliver comprehensive and cost-effective solutions that address the region’s growing power needs.
After a lengthy review process, PJM determined the joint venture’s proposed projects, among others, best met the reliability needs of the grid. The projects will support economic development while ensuring every customer has the energy they rely on every day.
“These projects are essential for the economic vitality of our region, the reliability of our grid and the everyday lives of our customers,” said Ed Baine, President of Utility Operations and Dominion Energy Virginia. “These are comprehensive solutions needed to reliably serve the growing needs of our customers, and we thank PJM for their thorough review.”
“By leveraging the collective expertise of our three companies, we have the opportunity to build robust transmission facilities that will address documented reliability concerns on the regional power grid,” said Mark Mroczynski, President, Transmission at FirstEnergy. “While we’re in the very early stages, we look forward to engaging with communities and stakeholders in the months ahead to discuss the need for these projects and listen to the ideas and concerns of our customers.”
“AEP has decades of experience with projects of the size and scope needed to serve the unprecedented growth in energy demand,” said Bob Bradish, senior vice president, Regulated Infrastructure Investment Planning for AEP. “This joint venture is a unique solution to addressing the needs of our customers and ensuring long-term reliability and continued economic growth opportunities in the region.”
The selected projects include:
-
Building approximately 260 miles of 765-kilovolt (kV) transmission line and two substations between
Putnam County, West Virginia andFrederick County, Maryland . -
Building approximately 155 miles of 765-kV transmission line and a substation between
Campbell County, Virginia andFauquier County, Virginia . -
Building a new substation in
Caroline County, Virginia .
The projects are in the early stages of development and do not have a firm time frame yet for permitting, regulatory approvals and construction. Following PJM’s recent awards, the companies will advance the development of project details, which includes assessing potential routes and conducting thorough environmental studies.
The companies are committed to collaborating with residents, local governments and other stakeholders in the project communities at every stage of the process. Community engagement is crucial for making informed decisions that reduce or prevent potential impacts.
In addition to the jointly developed projects, PJM selected several other transmission projects that will be developed individually by each of the three companies in their service areas.
About Dominion Energy
Dominion Energy (NYSE: D), headquartered in
About AEP
Our team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing
About FirstEnergy
FirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation’s largest investor-owned electric systems, serving more than six million customers in
Jointly owned by FirstEnergy and Brookfield Super-Core Infrastructure Partners, FET is the equity investor in Valley Link Transmission, LLC. FET owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission (MAIT) and Trans-Allegheny Interstate Transmission Line Inc. (TrAILCo.)
News Category:
Forward-Looking Statements
This release contains certain forward-looking statements that are subject to a variety of factors that could cause actual events or results to differ from those included in these statements. These factors are identified in Dominion Energy's Forms 10-K and 10-Q filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226087108/en/
Dominion Energy: Jason Williams, 804-292-4929, jason.e.williams@dominionenergy.com
FirstEnergy: Will Boye, 301-790-6420, wboye@firstenergycorp.com
American Electric Power: Scott Blake, 614-716-1938, ssblake@aep.com
Investor contacts:
Dominion Energy: David McFarland, 804-339-1173, david.m.mcfarland@dominionenergy.com
FirstEnergy: Karen Sagot, 330-761-4286, ksagot@firstenergycorp.com
American Electric Power: Darcy Reese, 614-716-2614, dlreese@aep.com
Source: Dominion Energy
FAQ
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