ABB won an order worth around $40 million in the United States, from Public Service Electric & Gas (PSE&G) to supply gas insulated switchgear (GIS) to two substations and help strengthen grid reliability. The order was booked in the third quarter of 2015. Hillsdale substation in Bergen County is a 50-year-old air-insulated switchgear (AIS) facility that will be upgraded to protect the infrastructure and prevent power outages for residents during severe weather.
PG&E asked state regulators for permission to build ~ 25,000 EV chargers across its service area in Northern and Central California - if approved, it would mark the largest deployment of EV charging stations in the country; Lockheed Martin and Dominion Resources have co-developed a new smart grid technology called VirtuGrid to enable remote detection of power outages for faster mapping and response; Panda Power Funds and Sunbury Generation LP will develop, finance, construct and operate a 1,000-MW gas-fired, combined-cycle power project in Pennsylvania; Siemens secured an order of 157 wind turbines in South Africa from Mainstream Renewable Power; PSE&G recently put two new landfill solar farms in service as part of its Solar 4 All program; Exelon Generation will add 195-MW of electric generation capacity at the Medway (Mass.) facility; ABB won a $35 million order for gas-insulated switchgear and shunt reactors from Belgian electricity transmission system operator Elia; Iberdrola USA agreed to acquire UIL Holdings and create a newly listed publicly traded company; Chesapeake Utilities agreed to merge Gatherco into Aspire Energy of Ohio, a wholly-owned subsidiary; and others...
PSE&G recently put two new landfill solar farms in service as part of the utility's Solar 4 All program. The 10.14-MW Parklands Solar Farm in Bordentown, NJ and the 11.18-MW Kinsley Solar Farm in Deptford, NJ were brought online in late-December 2014 and will supply enough grid-connected solar electricity to power about 3,500 average-size homes annually. These are the two largest centralized solar projects built to date by PSE&G, creating a portfolio of 26 solar farms and 174,000 pole-attached solar units that supply more than 101 MW of electricity.
ABB won an order worth over $30 million from Public Service Electric & Gas (PSE&G) to supply gas-insulated switchgear (GIS) for substations to boost the reliability of transmission infrastructure in New Jersey. ABB’s order includes design, supply and commissioning of ABB’s 550 kV GIS type ELK-3, a compact and modular solution. PSE&G is spending $4 billion between 2014 and 2016 to upgrade its electricity infrastructure to meet demand for electricity.
Time-tested cost recovery mechanisms provide stable funding for infrastructure replacement.
PJM approved a $1.2 billion 345-kV double-circuit transmission investment designed to resolve short-circuit concerns in northern New Jersey.
A new watchword for the industry and its regulators.
Electric M&A: The merger with PSE&G may herald a new industry structure, squarely at odds with regional markets.