State Agreement Approach
The New Jersey BPU agreed to ask PJM to approve a plan for the state to undertake a second solicitation process under FERC’s State Agreement Approach.
FERC approved revisions to PJM’s tariff that assign the costs of necessary transmission upgrades for installation of offshore wind in New Jersey to the state.
New York stakeholders are challenging a PJM rule change they say could hit them with some of the cost of New Jersey's transmission upgrades for offshore wind.
PJM and the NJBPU are considering how to avoid "free riders" in future uses of the RTO’s State Agreement Approach for public policy upgrades.
New Jersey regulators voted to spend $1.07 billion on transmission upgrades to deliver 6,400 MW of offshore wind generation to the PJM grid.
Delivering power from New Jersey’s planned offshore wind projects will cost at least $1.2 billion and could total more than $7 billion, PJM said.
FERC approved the SAA sought by the New Jersey BPU and PJM that gives them greenlight to build transmission to deliver 7.5 GW of planned offshore wind.
The cost to New Jersey ratepayers of building transmission infrastructure tying the state’s offshore wind projects to the grid could be cut.
The key to minimizing the impact of running transmission lines from N.J.’s offshore wind projects to the onshore grid will be collaboration between developers.
PJM stakeholders endorsed an update to the generation deactivation process as some members asked the RTO to slightly modify the proposed timing language.
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