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Released January 13, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--PJM Interconnection LLC says it will need another $5.9 billion to $6.3 billion to meet the anticipated load growth in its area, amid rising demand from data centers, electric vehicle (EV) adoption and heating systems. Industrial Info already is tracking more than $12 billion worth of active and planned transmission and distribution (T&D) projects in the PJM service area, more than $7 billion of which Industrial Info estimates has a 70% or higher likelihood of beginning construction as currently planned.
Click on the image at right for a graph detailing the top 10 parent companies for T&D projects in the PJM region, by total investment value.
The PJM Interconnection covers all of Delaware, Maryland, New Jersey, Pennsylvania, Virginia and West Virginia, as well as significant portions of Kentucky and Ohio, and small portions of Illinois, Indiana, Michigan, North Carolina and Tennessee.
At a recent meeting, officials sought the most cost-effective and efficient means to address "resource adequacy," in which the power grid has enough generation to serve an accelerating demand for power. It followed a blunt statement last month from PJM Board Chair Mark Takahashi: "Taking the anticipated 2025 Long-Term Load Forecast into account, the PJM system could see a capacity shortage as soon as the 2026/2027 Delivery Year."
Among the PJM's top priorities are T&D developments that would reinforce capacity in the western area of its network, as well as projects that would connect those areas to its central and southern areas. American Electric Power Company Incorporated (NASDAQ:AEP) (AEP) (Columbus, Ohio), which manages much of the PJM's western developments, is addressing the growing needs of these areas with such projects as the $20 million rebuild of a line from Roanoke to Bedford, Virginia, which runs about 18 miles, and the $20 million rebuild of a line from Danville to Green Valley, West Virginia, which runs about 20 miles.
The Virginia project is set to begin construction in the second quarter, while the West Virginia project started construction last February and is set to wrap up by the end of the first quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Virginia and West Virginia projects.
AEP also is at work on the Wooton-Stinnett Rebuild Project in eastern Kentucky, which involves rebuilding about 11 miles of transmission line between the cities of Wooton and Hoskinston. The project is split into a five-mile, $13 million portion between Wooton and Hyden, and a six-mile, $13.5 million portion between Hyden and Hoskinston. Both sections are slated to wrap up toward the end of the year. Subscribers can learn more from detailed reports on the five-mile and six-mile projects.
FirstEnergy Corporation (NYSE:FE) (Akron, Ohio) trails only AEP in PJM-area T&D investments. The company's buildouts in Ohio aim to address the PJM's recent calls for more natural gas--fired generation, which are bolstered by the presence of the Marcellus and Utica shale formations. FirstEnergy's projects include a $15.2 million reconducting of a line from LeRoy to Chardon, which runs 15.8 miles, and the $36 million construction of a line from Bowling Green to Delta, which runs nine miles.
The projects currently are expected to wrap up in mid-2025 and early 2026, respectively. Subscribers can read detailed reports on the projects terminating in Chardon and Delta.
In December, PJM announced it would allow some gas-fired power-generation projects to "jump the queue" ahead of renewable projects to obtain necessary permits and reviews, amid the rising demand from data centers and other consumers. The stronger reliance on gas-fired generation will continue a two-decade trend: The fossil fuel went from providing about 5% of power generation in PJM's service area in 2005, to providing about 44% in 2023, according to PJM data.
Nonetheless, carbon dioxide (CO2) emissions over the same time period dropped 43% to a record low, while nitrous oxide emissions dropped 90% and sulfur dioxide emissions dropped 96% in the service area, according to Monitoring Analytics LLC, the independent market monitor for PJM.
The drop in emissions "is the result of a decline in the use of coal, an increase in the use of natural gas, and the installation of environmental controls from 2006-2023," according to a statement from Monitoring Analytics to Natural Gas Intelligence.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for T&D projects in the PJM service area.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for T&D projects in the PJM region, by total investment value.The PJM Interconnection covers all of Delaware, Maryland, New Jersey, Pennsylvania, Virginia and West Virginia, as well as significant portions of Kentucky and Ohio, and small portions of Illinois, Indiana, Michigan, North Carolina and Tennessee.
At a recent meeting, officials sought the most cost-effective and efficient means to address "resource adequacy," in which the power grid has enough generation to serve an accelerating demand for power. It followed a blunt statement last month from PJM Board Chair Mark Takahashi: "Taking the anticipated 2025 Long-Term Load Forecast into account, the PJM system could see a capacity shortage as soon as the 2026/2027 Delivery Year."
Among the PJM's top priorities are T&D developments that would reinforce capacity in the western area of its network, as well as projects that would connect those areas to its central and southern areas. American Electric Power Company Incorporated (NASDAQ:AEP) (AEP) (Columbus, Ohio), which manages much of the PJM's western developments, is addressing the growing needs of these areas with such projects as the $20 million rebuild of a line from Roanoke to Bedford, Virginia, which runs about 18 miles, and the $20 million rebuild of a line from Danville to Green Valley, West Virginia, which runs about 20 miles.
The Virginia project is set to begin construction in the second quarter, while the West Virginia project started construction last February and is set to wrap up by the end of the first quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can read detailed reports on the Virginia and West Virginia projects.
AEP also is at work on the Wooton-Stinnett Rebuild Project in eastern Kentucky, which involves rebuilding about 11 miles of transmission line between the cities of Wooton and Hoskinston. The project is split into a five-mile, $13 million portion between Wooton and Hyden, and a six-mile, $13.5 million portion between Hyden and Hoskinston. Both sections are slated to wrap up toward the end of the year. Subscribers can learn more from detailed reports on the five-mile and six-mile projects.
FirstEnergy Corporation (NYSE:FE) (Akron, Ohio) trails only AEP in PJM-area T&D investments. The company's buildouts in Ohio aim to address the PJM's recent calls for more natural gas--fired generation, which are bolstered by the presence of the Marcellus and Utica shale formations. FirstEnergy's projects include a $15.2 million reconducting of a line from LeRoy to Chardon, which runs 15.8 miles, and the $36 million construction of a line from Bowling Green to Delta, which runs nine miles.
The projects currently are expected to wrap up in mid-2025 and early 2026, respectively. Subscribers can read detailed reports on the projects terminating in Chardon and Delta.
In December, PJM announced it would allow some gas-fired power-generation projects to "jump the queue" ahead of renewable projects to obtain necessary permits and reviews, amid the rising demand from data centers and other consumers. The stronger reliance on gas-fired generation will continue a two-decade trend: The fossil fuel went from providing about 5% of power generation in PJM's service area in 2005, to providing about 44% in 2023, according to PJM data.
Nonetheless, carbon dioxide (CO2) emissions over the same time period dropped 43% to a record low, while nitrous oxide emissions dropped 90% and sulfur dioxide emissions dropped 96% in the service area, according to Monitoring Analytics LLC, the independent market monitor for PJM.
The drop in emissions "is the result of a decline in the use of coal, an increase in the use of natural gas, and the installation of environmental controls from 2006-2023," according to a statement from Monitoring Analytics to Natural Gas Intelligence.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for T&D projects in the PJM service area.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
