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Released July 01, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Public Service Enterprise Group (PSEG) (NYSE:PEG) (Newark, New Jersey), an energy provider that services several states in the U.S. Northeast, was granted a regulatory green light earlier this week to proceed with widely anticipated grid modernizations. These projects are part of a broader capital-spending plan to update PSEG's T&D capacity and prepare it for more renewable energy. Industrial Info is tracking about $1.4 billion worth of active projects involving PSEG, nearly $800 million of which already is under construction.
Click on the image at right for a map of PSEG's active projects in New York, New Jersey and New England.
The New Jersey Board of Public Utilities on Wednesday approved a settlement that will enable PSEG subsidiary Public Service Electric and Gas Company (PSE&G) to invest $511 million over four years in its Infrastructure Advancement Program. PSE&G's plan is focused on reliability enhancements that will help New Jersey achieve its clean energy goals. PSE&G is PSEG's largest subsidiary, and New Jersey's oldest and largest investor-owned utility company.
PSEG says its Infrastructure Advancement Program will modernize PSE&G's distribution systems to bolster reliability, including during extreme weather, and prepare the grid for the growing use of renewable energy sources and a more widespread adoption of electric vehicles (EVs). New Jersey accounts for the bulk of PSEG's active investments, including the multi-phase Roseland-Pleasant Valley Project, which is designed to replace nearly century-old transmission facilities over a 60-mile stretch.
The Roseland-Pleasant Valley Project comprises two major developments: the rebuild of a line from the Roseland Substation to the Branchburg Substation, which runs about 30 miles; and the rebuild of a line from the Branchburg Substation to the Pleasant Valley Substation in Newark, which runs about 21 miles. Existing lattice towers, some of which date back to the 1920s, will be replaced with new steel structures. Following completion, each segment will operate at a 230-kilovolt rate.
Both projects began construction in September 2020 and are expected to wrap up in the summer of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Roseland-Branchburg and Branchburg-Pleasant Valley projects.
PSE&G is putting the finishing touches on its Metuchen-Trenton-Burlington Project, which is designed to replace 138-kilovolt circuits with 230-kilovolt circuits across a 55-mile stretch between Edison and Burlington, New Jersey. The project began construction in the spring of 2019 and is in its final stages. PSEG says the infrastructure is 80 years old, on average. The plan comprises four segments:
In a recent quarterly earnings-related conference call, Dan Cregg, the chief financial officer of PSEG, said the company "is on-track to execute its planned 2022 Capital Investment Program of $2.9 billion, which includes infrastructure upgrades, transmission and distribution facilities, as well as the continued rollout of the Clean Energy Future investments and energy efficiency, energy cloud or smart meters, and the electric-vehicle charging station infrastructure."
As part of its efforts to develop clean energy, PSEG formed a partnership with Ørsted A/S (Gentofte, Denmark) last year to develop offshore wind-energy projects in the U.S. Northeast. Related proposals include a pair of 100-mile submarine transmission lines connecting the Sunrise Offshore Windfarm with a substation in Holbrook, New York. Ørsted's proposed Sunrise facility would generate 880 megawatts (MW) from 110 turbines provided by Siemens Gamesa (Zamudio, Spain).
The submarine lines also would connect with two substations supporting the Sunrise facility. All aspects of the Sunrise development remain in their early permitting phase, but PSEG and Ørsted are optimistic about their chances for approval. Subscribers can read detailed project reports on the submarine lines, Sunrise Offshore Windfarm, first substation and second substation.
"The New Jersey BPU [Board of Public Utilities] hosted a series of four public meetings in March and April, as part of its ongoing evaluation of bids submitted in its offshore wind transmission solicitation," said Ralph Izzo, the chief executive officer of PSEG, in the earnings call. "We participated in each of the four public meetings to advocate for our submissions and submitted our formal comments to the BPU on April 29, in support of our coastal wind partnership with Ørsted. The solutions we submitted range from single collectors at various landing points to a linked transmission network out in the ocean, and could range in an investment opportunity for us from $1 billion to $3 billion."
Subscribers to Industrial Info's GMI project database can click here for a list of detailed reports for projects mentioned in this article, and click here for a list of related plant profiles.
Subscribes can click here for a full list of active PSEG projects.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
Click on the image at right for a map of PSEG's active projects in New York, New Jersey and New England.The New Jersey Board of Public Utilities on Wednesday approved a settlement that will enable PSEG subsidiary Public Service Electric and Gas Company (PSE&G) to invest $511 million over four years in its Infrastructure Advancement Program. PSE&G's plan is focused on reliability enhancements that will help New Jersey achieve its clean energy goals. PSE&G is PSEG's largest subsidiary, and New Jersey's oldest and largest investor-owned utility company.
PSEG says its Infrastructure Advancement Program will modernize PSE&G's distribution systems to bolster reliability, including during extreme weather, and prepare the grid for the growing use of renewable energy sources and a more widespread adoption of electric vehicles (EVs). New Jersey accounts for the bulk of PSEG's active investments, including the multi-phase Roseland-Pleasant Valley Project, which is designed to replace nearly century-old transmission facilities over a 60-mile stretch.
The Roseland-Pleasant Valley Project comprises two major developments: the rebuild of a line from the Roseland Substation to the Branchburg Substation, which runs about 30 miles; and the rebuild of a line from the Branchburg Substation to the Pleasant Valley Substation in Newark, which runs about 21 miles. Existing lattice towers, some of which date back to the 1920s, will be replaced with new steel structures. Following completion, each segment will operate at a 230-kilovolt rate.
Both projects began construction in September 2020 and are expected to wrap up in the summer of 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Roseland-Branchburg and Branchburg-Pleasant Valley projects.
PSE&G is putting the finishing touches on its Metuchen-Trenton-Burlington Project, which is designed to replace 138-kilovolt circuits with 230-kilovolt circuits across a 55-mile stretch between Edison and Burlington, New Jersey. The project began construction in the spring of 2019 and is in its final stages. PSEG says the infrastructure is 80 years old, on average. The plan comprises four segments:
- a five-mile line from the Metuchen Switching Station to the Edison Switching Station, both in Edison; see project report
- a five-mile line from the Edison Switching Station to the Brunswick Substation in North Brunswick; see project report
- a 20-mile line from the Brunswick Substation to the Trenton Substation in Trenton; see project report
- a 22-mile line from the Trenton Substation to the Burlington Switching Station in Burlington, New Jersey; see project report
In a recent quarterly earnings-related conference call, Dan Cregg, the chief financial officer of PSEG, said the company "is on-track to execute its planned 2022 Capital Investment Program of $2.9 billion, which includes infrastructure upgrades, transmission and distribution facilities, as well as the continued rollout of the Clean Energy Future investments and energy efficiency, energy cloud or smart meters, and the electric-vehicle charging station infrastructure."
As part of its efforts to develop clean energy, PSEG formed a partnership with Ørsted A/S (Gentofte, Denmark) last year to develop offshore wind-energy projects in the U.S. Northeast. Related proposals include a pair of 100-mile submarine transmission lines connecting the Sunrise Offshore Windfarm with a substation in Holbrook, New York. Ørsted's proposed Sunrise facility would generate 880 megawatts (MW) from 110 turbines provided by Siemens Gamesa (Zamudio, Spain).
The submarine lines also would connect with two substations supporting the Sunrise facility. All aspects of the Sunrise development remain in their early permitting phase, but PSEG and Ørsted are optimistic about their chances for approval. Subscribers can read detailed project reports on the submarine lines, Sunrise Offshore Windfarm, first substation and second substation.
"The New Jersey BPU [Board of Public Utilities] hosted a series of four public meetings in March and April, as part of its ongoing evaluation of bids submitted in its offshore wind transmission solicitation," said Ralph Izzo, the chief executive officer of PSEG, in the earnings call. "We participated in each of the four public meetings to advocate for our submissions and submitted our formal comments to the BPU on April 29, in support of our coastal wind partnership with Ørsted. The solutions we submitted range from single collectors at various landing points to a linked transmission network out in the ocean, and could range in an investment opportunity for us from $1 billion to $3 billion."
Subscribers to Industrial Info's GMI project database can click here for a list of detailed reports for projects mentioned in this article, and click here for a list of related plant profiles.
Subscribes can click here for a full list of active PSEG projects.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
