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)