Public Service Electric and Gas (PSE&G) aims to invest $5.4bn in its electric and gas transmission and distribution systems, including on the $750m Susquehanna-Roseland transmission line, according to Deann Muzikar, utility communications consultant with the company.
Muzikar said the investment is planned over the next three years, adding that transmission represents about 66% of PSE&G’s planned investment from 2012 to 2014. Transmission is anticipated to be 41% of the company’s rate base by 2014, she said.
The information was presented at PSE&G’s annual investors conference in New York on March 9, Muzikar said.
Besides the Susquehanna-Roseland project, which was among the projects chosen in 2011 by the Obama administration to accelerate the permitting review through a rapid response team for transmission, there are four other major transmission system upgrades involved in the $5.4bn investment, she said.
The approximately 145-mile, 500-kV Susquehanna-Roseland project, proposed by PPL’s (NYSE:PPL) PPL Electric Utilities and PSE&G, would go from the Susquehanna substation in Pennsylvania to the Roseland substation in New Jersey. The project, which also includes several 500/230-kV substations in the two states, is expected to be in service in the spring of 2015.
Muzikar said the other projects are:
- The $895m Northeast Grid Reliability Project, which consists of upgrading about 50 overhead circuit miles of 138-kV transmission line to 230-kV, constructing about 18 miles of new underground 230-kV lines and converting 12 existing stations to 230-kV operation.
- The $390m North Central Reliability Project, which consists of upgrading 55 circuit miles of 138-kV transmission line to 230-kV and converting six existing stations to 230-kV operation.
- The $381m Burlington-Camden project, which consists of upgrading 37 circuit miles – that is, 30 miles of overhead and seven miles underground – of 138-kV transmission line to 230-kV and converting the existing stations to 230-kV operation.
- The $435m Mickleton-Gloucester-Camden 230-kV project, which consists of upgrading 12 overhead circuit miles of 138-kV transmission to 230-kV, installing about 20 circuit miles of new 230-kV underground, installing 10 circuit miles of new 230-kV overhead and upgrades at five existing stations.
PSE&G is a subsidiary of Public Service Enterprise Group (NYSE:PEG).