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

Core Viewpoint - Companies FirstEnergy Corp., Dominion Energy Virginia, and American Electric Power have formed a joint planning agreement to propose new electric transmission projects to meet the growing power demand in the PJM region, enhancing regional grid reliability [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, which is crucial for meeting the rising energy needs [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, aimed at addressing reliability issues in the region [4]. - The companies submitted their joint proposals through PJM's Regional Transmission Expansion Plan (RTEP) Open Window process in September [4]. Group 3: Company Contributions - FirstEnergy Corp. operates approximately 24,000 miles of transmission lines and serves over six million customers across several states [6]. - Dominion Energy provides regulated electricity service to 3.6 million homes and businesses and is a leading developer of offshore wind and solar power [7]. - American Electric Power (AEP) operates the largest electric transmission system in the U.S. with over 40,000 miles of transmission lines and is investing $43 billion over the next five years to enhance grid reliability [8].