JUNO BEACH, Fla., Nov. 4, 2021 /PRNewswire/ -- NextEra Energy
Transmission Mid-Atlantic Holdings, LLC, a subsidiary of
NextEra Energy, Inc. (NYSE:
NEE), today announced that it
has submitted multiple proposals, collectively
called the New Jersey Seawind Connector, into the PJM State
Agreement Approach Proposal Window. The proposals are
all cost-effective, intended to help New Jersey meet its energy needs,
and designed to minimize environmental and
marine impacts.
"For more than 20 years, NextEra Energy companies have been
supporting New Jersey's energy
needs," said Eric Gleason, president
of NextEra Energy Transmission. "As the largest generator of
renewable energy from the wind and the sun in the world, we support
and applaud New Jersey's clean
energy goals. We believe no one in the industry can match our
experience and unique skillset and we look forward
to participating in this project."
The proposals submitted contemplated a variety of
different injection locations and designed routes to minimize
marine and environmental impacts. The proposals will ensure
reliable and cost-effective delivery of wind energy for
New Jersey electric
customers at significant savings compared to current
transmission plans. The proposals
include cost containment provisions and
schedule incentives which minimize New Jersey
customer financial exposure; and reflects NextEra
Energy Transmission's confidence in its ability to deliver,
given its strong track record of delivering significant
infrastructure projects on time and on budget. The New
Jersey Board of Public Utilities will be looking at a variety of
factors to evaluate the strength of each proposal, and could select
one or more proposals to move forward with development and
construction in the second half of 2022.
No company is better positioned to support the
development, construction and operation of a large
transmission network than NextEra Energy
Transmission. NextEra Energy companies provide a unique
combination of technical, financial and operational
capabilities that are unmatched in the industry. NextEra
Energy Transmission has been awarded and is developing more
competitive transmission projects in North America than any other company. In
addition, the company has valuable experience operating subsea
transmission lines through its Trans Bay
Cable subsidiary.
NextEra Energy Transmission
NextEra Energy
Transmission develops, finances, constructs, and maintains
transmission assets across the continent. NextEra Energy
Transmission operates through its regional subsidiaries to
integrate renewable energy and strengthen the electric grid. The
company's subsidiaries were among the first non-incumbents to be
awarded projects by system operators and utility commissions
in California, New York, Texas, and Ontario.
NextEra Energy Transmission's portfolio includes operating assets
in 10 states and six regional transmission organizations, numerous
projects under development and construction in the
United States, and a project under
construction in Ontario, Canada. To learn more,
visit www.NextEraEnergyTransmission.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nextera-energy-transmission-submits-offshore-wind-transmission-proposals-to-support-new-jerseys-clean-energy-goals-301416556.html
SOURCE NextEra Energy Transmission, LLC