Dominion Energy, American Electric Power, FirstEnergy reach joint planning agreement to propose regional transmission projects across PJM footprint

Core Insights - Companies Dominion Energy Virginia, American Electric Power, and FirstEnergy Corp. have formed a joint planning agreement to propose new electric transmission projects to meet the growing power demand in the PJM region [1][2][3] Group 1: Industry Context - The PJM region is experiencing unprecedented growth in power demand due to the expansion of energy-intensive industries, electrification of transportation and heating, and increased manufacturing onshoring [3] - The Federal Energy Regulatory Commission (FERC) encourages efficient and cost-effective regional transmission development [2] Group 2: Project Details - The proposed projects include new 765-kV, 500-kV, and 345-kV transmission lines across Virginia, Ohio, and West Virginia [4][5] - The companies submitted their joint proposals through PJM's Regional Transmission Expansion Plan (RTEP) Open Window process in September [4] Group 3: Company Contributions - Dominion Energy Virginia aims to leverage the expertise of the three companies to develop comprehensive and cost-effective solutions for regional reliability [4] - AEP operates the largest transmission network in the U.S. and is investing $43 billion over the next five years to enhance grid reliability and cleanliness [7] - FirstEnergy operates approximately 24,000 miles of transmission lines and serves over six million customers across multiple states [8]