Part of Grid Network »

The Transmission Professionals special interest group covers the distribution of power from generation to final destination. 

Post

Transmission Overhaul in NJ

image credit: Photo 62015815 © Ivaylo Sarayski | Dreamstime.com
Henry Craver's picture
Small Business Owner Self-employed

As a small business owner, I'm always trying to find ways to cut costs and boost the dependability of my services. To that end, I've become increasingly invested in learning about energy saving...

  • Member since 2018
  • 603 items added with 298,263 views
  • Sep 30, 2021
  • 382 views

On Monday, The Public Service Enterprise Group (PSEG) of New Jersey announced a $900 million infrastructure plan to their investors. The plan focuses primarily on two areas: boosting “last mile” reliability and expanding and improving the area’s electric vehicle charging ecosystem. If approved, this initiative would drastically increase the utility’s capital spending for the 2021-25 period: $14-16 billion from the previous $13-15 billion projection. 

A substantial portion of the proposed budget is dedicated to PSEG’s own EV infrastructure. The company has allocated $125-$150 million for 2,000 new EV chargers to be spread out between their 65 facilities across New Jersey. These chargers will keep the utility’s thousands of soon-to-be electric work vehicles juiced up. 

It should be noted that this is PSEG’s second big EV announcement this year. Back in January, The New Jersey Board of Public Utilities (BPU) gave them the green light for a $166 million EV project. Along with 40,000 residential chargers, 3,500 commercial chargers, and 1,000 Direct Current Fast Chargers (DCFC), the plan includes upgrades to the utility’s distribution system to accommodate the new chargers. Notably, PSEG did not sign up to actually install the chargers itself, or own them, and neither medium or heavy duty vehicles are supported. 

However, by far, the plan’s biggest investment is in transmission infrastructure. $450 million allocated to upgrading electrical substations and gas metering and regulating stations alone. The utility also plans to invest between $175 million to $225 million on what they’ve dubbed “last-mile reliability”, where the transmission network connects to residential areas. Improvements that fall under “last-mile reliability” include: new spacer cables, upgrading poles and replacing underground cables. The plan also includes $75 million to $100 million for capacitor bank and secondary line upgrades, which are supposed to facilitate residential solar and EV charging. 

Both PSEG’s powerpoint and recent statements from representatives attribute their 2021 plans to the parallel trends towards homework and electrification. What’s more, these developments coincide with the company’s transition to a regulated utility. On that front, the utility expects to hit a major milestone in 2022 when it sells off its fossil-fuel power plants that sell on the wholesale market. 

It’s certainly an exciting time for New Jersey’s grid: Hundreds of millions for electric transportation between the 2021 plans, serious transmission upgrades, and a $700 million smart meter rollout announced last year.


 

Henry Craver's picture
Thank Henry for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member
Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.
Christopher Neely's picture
Christopher Neely on Oct 1, 2021

What is the most expensive aspect of installing EV chargers? I feel sticker shock every time I read how much money is needed to install so few chargers. At $150 million, 2,000 chargers costs $75k a pop. Is that right? Why is it so expensive?

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »