{"id":819112,"date":"2025-02-27T08:06:22","date_gmt":"2025-02-27T13:06:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pjm-selects-regional-transmission-projects-to-be-jointly-developed-by-dominion-energy-american-electric-power-firstenergy\/"},"modified":"2025-02-27T08:06:22","modified_gmt":"2025-02-27T13:06:22","slug":"pjm-selects-regional-transmission-projects-to-be-jointly-developed-by-dominion-energy-american-electric-power-firstenergy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pjm-selects-regional-transmission-projects-to-be-jointly-developed-by-dominion-energy-american-electric-power-firstenergy\/","title":{"rendered":"PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Companies will jointly develop transmission projects in Virginia, West Virginia and Maryland to reliably serve the region\u2019s growing power demand<\/i><\/li>\n<li><i>Needed transmission reliability investments will also increase the grid\u2019s resiliency and capacity to support new generation<\/i><\/li>\n<li><i>Projects are in the early stages of development, with more detailed plans for permitting, regulatory approvals and public participation expected in the coming months<\/i><\/li>\n<\/ul>\n<p>RICHMOND, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRegional grid operator PJM Interconnection has selected several electric transmission projects that will be jointly developed by Dominion Energy, American Electric Power Company through its Transource Energy affiliate and FirstEnergy Transmission, LLC across multiple states within the PJM footprint.<\/p>\n<p>\nThe companies jointly proposed the projects through PJM\u2019s 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 Virginia, West Virginia and Maryland.<\/p>\n<p>\nThe companies will develop the projects through the recently formed Valley Link Transmission Company, LLC joint venture. The innovative collaboration will leverage the companies\u2019 collective expertise and resources to deliver comprehensive and cost-effective solutions that address the region\u2019s growing power needs.<\/p>\n<p>\nAfter a lengthy review process, PJM determined the joint venture\u2019s 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.<\/p>\n<p>\n\u201cThese projects are essential for the economic vitality of our region, the reliability of our grid and the everyday lives of our customers,\u201d said Ed Baine, President of Utility Operations and Dominion Energy Virginia. \u201cThese are comprehensive solutions needed to reliably serve the growing needs of our customers, and we thank PJM for their thorough review.\u201d<\/p>\n<p>\n\u201cBy 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,\u201d said Mark Mroczynski, President, Transmission at FirstEnergy. \u201cWhile we\u2019re 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.\u201d<\/p>\n<p>\n\u201cAEP has decades of experience with projects of the size and scope needed to serve the unprecedented growth in energy demand,\u201d said Bob Bradish, senior vice president, Regulated Infrastructure Investment Planning for AEP. \u201cThis 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.\u201d<\/p>\n<p>\nThe selected projects include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBuilding approximately 260 miles of 765-kilovolt (kV) transmission line and two substations between Putnam County, West Virginia and Frederick County, Maryland.<\/p>\n<\/li>\n<li>\nBuilding approximately 155 miles of 765-kV transmission line and a substation between Campbell County, Virginia and Fauquier County, Virginia.<\/p>\n<\/li>\n<li>\nBuilding a new substation in Caroline County, Virginia.<\/p>\n<\/li>\n<\/ul>\n<p>\nThe 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\u2019s recent awards, the companies will advance the development of project details, which includes assessing potential routes and conducting thorough environmental studies.<\/p>\n<p>\nThe 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.<\/p>\n<p>\nIn 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.<\/p>\n<p><b>About Dominion Energy<\/b><\/p>\n<p>\nDominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulated electricity service to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dominionenergy.com%2Four-company%2Foperating-segments&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=3.6+million&amp;index=1&amp;md5=5cc396be7c827a34deb3fa02ea78b485\">3.6 million<\/a> homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company is one of the nation\u2019s leading developers and operators of regulated <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dominionenergy.com%2Fprojects-and-facilities%2Fwind-power-facilities-and-projects%2Fcoastal-virginia-offshore-wind&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=offshore+wind&amp;index=2&amp;md5=d8e1922c4e4cb8a81e9b1467801611be\">offshore wind<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dominionenergy.com%2Fprojects-and-facilities%2Fsolar-energy-facilities-and-projects%2Fvirginia-solar-projects&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=solar&amp;index=3&amp;md5=f3129bbb9ffb0d7411674d3cac57ce7a\">solar<\/a> power and the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dominionenergy.com%2Fprojects-and-facilities%2Fnuclear-facilities%2Fmillstone-power-station&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=largest+producer+of+carbon-free+electricity+in+New+England&amp;index=4&amp;md5=0d47ccd0e1482edac9f0c54b4259bf26\">largest producer of carbon-free electricity in New England<\/a>. The company\u2019s mission is to provide the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.dominionenergy.com%2Four-company&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=reliable%2C+affordable%2C+and+increasingly+clean+energy&amp;index=5&amp;md5=16823bda60348f7377fd6c338e5b163a\">reliable, affordable, and increasingly clean energy<\/a> that powers its customers every day. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.dominionenergy.com%2F&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=DominionEnergy.com&amp;index=6&amp;md5=d05b87ddbca30c2d048b9e094a678f75\">DominionEnergy.com<\/a> to learn more.<\/p>\n<p><b>About AEP<\/b><\/p>\n<p>\nOur team at American Electric Power (Nasdaq: AEP) is committed to improving our customers&#8217; lives with reliable, affordable power. We are investing $54 billion from 2025 through 2029 to enhance service for customers and support the growing energy needs of our communities. Our nearly 16,000 employees operate and maintain the nation\u2019s largest electric transmission system with 40,000 line miles, along with more than 225,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation&#8217;s largest electricity producers with approximately 29,000 megawatts of diverse generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. AEP participates in the competitive transmission space through Transource, a jointly owned transmission company with Evergy, Inc., headquartered in Kansas City, Missouri.<\/p>\n<p><b>About FirstEnergy<\/b><\/p>\n<p>\nFirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation\u2019s largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company\u2019s transmission subsidiaries, which include FirstEnergy Transmission, LLC (FET), operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firstenergycorp.com&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=firstenergycorp.com&amp;index=7&amp;md5=a73cf56fc928ec2e364bb10c4b872f46\">firstenergycorp.com<\/a> and on X <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2Ffirstenergycorp&amp;esheet=54215908&amp;newsitemid=20250226087108&amp;lan=en-US&amp;anchor=%40FirstEnergyCorp&amp;index=8&amp;md5=472a0c450fdc7047d3b01fd688bdcf26\">@FirstEnergyCorp<\/a>.<\/p>\n<p>\nJointly 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.)<\/p>\n<p><b>News Category:<\/b> Virginia &amp; North Carolina<\/p>\n<p><b><span class=\"bwuline\">Forward-Looking Statements<\/span><\/b><\/p>\n<p><i>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&#8217;s Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Dominion Energy refers readers to those discusses for further information. Any forward-looking statement speaks only as of the date on which it is made, and Dominion Energy undertakes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250226087108r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250226087108\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250226087108\/en\/<\/a><\/span><\/p>\n<p><b>Dominion Energy:<\/b> Jason Williams, 804-292-4929, <a rel=\"nofollow\" href=\"mailto:jason.e.williams@dominionenergy.com\">jason.e.williams@dominionenergy.com<br \/>\n<\/a><br \/><b>FirstEnergy:<\/b> Will Boye, 301-790-6420, <a rel=\"nofollow\" href=\"mailto:wboye@firstenergycorp.com\">wboye@firstenergycorp.com<br \/>\n<\/a><br \/><b>American Electric Power:<\/b> Scott Blake, 614-716-1938, <a rel=\"nofollow\" href=\"mailto:ssblake@aep.com\">ssblake@aep.com<br \/>\n<\/a><\/p>\n<p><b><span class=\"bwuline\">Investor contacts:<br \/>\n<\/span><\/b><br \/><b>Dominion Energy:<\/b> David McFarland, 804-339-1173, <a rel=\"nofollow\" href=\"mailto:david.m.mcfarland@dominionenergy.com\">david.m.mcfarland@dominionenergy.com<br \/>\n<\/a><br \/><b>FirstEnergy:<\/b> Karen Sagot, 330-761-4286, <a rel=\"nofollow\" href=\"mailto:ksagot@firstenergycorp.com\">ksagot@firstenergycorp.com<br \/>\n<\/a><br \/><b>American Electric Power:<\/b> Darcy Reese, 614-716-2614, <a rel=\"nofollow\" href=\"mailto:dlreese@aep.com\">dlreese@aep.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Maryland West Virginia North Carolina Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Alternative Energy Energy Other Energy Utilities<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250226087108\/en\/2306796\/3\/Dominion_Energy%C2%AE_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy Companies will jointly develop transmission projects in Virginia, West Virginia and Maryland to reliably serve the region\u2019s growing power demand Needed transmission reliability investments will also increase the grid\u2019s 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 RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Regional grid operator PJM Interconnection has selected several electric transmission projects that will be jointly developed by Dominion Energy, American Electric Power Company through its Transource Energy affiliate and FirstEnergy Transmission, LLC across multiple states within the PJM footprint. The companies &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pjm-selects-regional-transmission-projects-to-be-jointly-developed-by-dominion-energy-american-electric-power-firstenergy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-819112","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pjm-selects-regional-transmission-projects-to-be-jointly-developed-by-dominion-energy-american-electric-power-firstenergy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PJM selects regional transmission projects to be jointly developed by Dominion Energy, American Electric Power, FirstEnergy Companies will jointly develop transmission projects in Virginia, West Virginia and Maryland to reliably serve the region\u2019s growing power demand Needed transmission reliability investments will also increase the grid\u2019s 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 RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Regional grid operator PJM Interconnection has selected several electric transmission projects that will be jointly developed by Dominion Energy, American Electric Power Company through its Transource Energy affiliate and FirstEnergy Transmission, LLC across multiple states within the PJM footprint. 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