January 13, 2025--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. 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. 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. Other companies featured: American Electric Power Company Incorporated (NASDAQ:AEP) and FirstEnergy Corporation (NYSE:FE)
(All Fields Required)
Site-wide Scheduled Maintenance for April 12, 2025, between 9 A.M. - 9 P.M. CST. During this time, all services will be unavailable periodically throughout the scheduled maintenance window.
×For More Info!
