PEG · 10-Q · 2026Q2 · Full report
Transmission Investment Opportunities
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 64 · Surprise 42 · Matches filing data
PSEG received a PJM award for an approximately $424 million transmission project addressing increasing load and reliability issues in Maryland and northern Virginia. PJM directed that the project be placed in service in 2027, but PSEG currently does not believe that date is reasonably achievable because of the Maryland Public Service Commission’s procedural timeline. PSEG continues to pursue approvals and evaluate additional opportunities in PJM and other transmission solicitation processes.
Key facts
- PJM has directed that the approximately $424 million project be placed in service in 2027, but PSEG does not currently believe a 2027 in-service date is reasonably achievable based on the Maryland PSC procedural timeline. source
- PJM awarded PSEG an approximately $424 million competitively bid transmission project in December 2023 to address load and reliability in Maryland and northern Virginia as part of its 2022 Window 3 solicitation. source
- PSEG will continue to evaluate opportunities to participate in transmission solicitation processes and may decide to submit bids for these opportunities, some of which could be material investments. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | probable | +0.4% | PJM has directed that the approximately $424 million project be placed in service in 2027, but PSEG does not currently believe a 2027… |