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AEP Affiliates Selected to Complete Approximately $1.7 Billion of Transmission Investments in PJM Region
AEPAmerican Electric Power(AEP) Prnewswire·2025-02-27 13:02

Core Points - American Electric Power (AEP) and Transource Energy will invest approximately 1.7billionintransmissionsystemupgradestoenhancereliabilityandpoweravailabilityacrossseveralstatesinthePJMfootprint,includingIndiana,Maryland,Ohio,Virginia,andWestVirginia[1][4]−TheinvestmentispartoftheRegionalTransmissionExpansionPlan(RTEP)process,whichaimstoaddressforecastedreliabilityconcernsandisexpectedtohaveprojectsinserviceby2029[2][3]−AEP′sproposalsincludeconstructingnewlines,upgradingexistingpowerlines,andreplacingsubstationequipmenttoensurereliableelectricserviceandmeetfutureenergydemands[3][5]InvestmentBreakdown−Ofthe1.7 billion in transmission system upgrades to enhance reliability and power availability across several states in the PJM footprint, including Indiana, Maryland, Ohio, Virginia, and West Virginia [1][4] - The investment is part of the Regional Transmission Expansion Plan (RTEP) process, which aims to address forecasted reliability concerns and is expected to have projects in service by 2029 [2][3] - AEP's proposals include constructing new lines, upgrading existing power lines, and replacing substation equipment to ensure reliable electric service and meet future energy demands [3][5] Investment Breakdown - Of the 1.7 billion investment, approximately 1.1billionwillbeadvancedthroughTransourceEnergyinajointventurewithDominionEnergyandFirstEnergyTransmission,focusingoncompetitivetransmissionprojects,includingtwo765kilovoltlinesinWestVirginia,Virginia,andMaryland[4][8]−Theremaining1.1 billion will be advanced through Transource Energy in a joint venture with Dominion Energy and FirstEnergy Transmission, focusing on competitive transmission projects, including two 765 kilovolt lines in West Virginia, Virginia, and Maryland [4][8] - The remaining 600 million will be allocated to AEP's Transmission Companies and operating companies in Indiana, Ohio, and Virginia, with a commitment to engage with local communities and stakeholders throughout the development process [5][6] Company Overview - AEP is investing $54 billion from 2025 to 2029 to enhance service and support growing energy needs, operating the largest electric transmission system in the U.S. with 40,000 line miles and serving 5.6 million customers across 11 states [7][8] - The company is focused on safety, operational excellence, and economic development, with a diverse generating capacity of approximately 29,000 megawatts [7]