PSE&G to invest $5.4bn in electric and gas transmission, distribution systems

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).

About Corina Rivera-Linares 3209 Articles
Corina Rivera-Linares, chief editor for TransmissionHub, has covered the U.S. power industry for the past 15 years. Before joining TransmissionHub, Corina covered renewable energy and environmental issues, as well as transmission, generation, regulation, legislation and ISO/RTO matters at SNL Financial. She has also covered such topics as health, politics, and education for weekly newspapers and national magazines. She can be reached at clinares@endeavorb2b.com.