New Jersey Regulators To Discuss PSEG High-Voltage Line Friday

New Jersey regulators will meet later this week to discuss a $750 million high-voltage power line Public Service Enterprise Group Inc. (PEG) is planning in a northern part of the state.

A spokesman for the Board of Public Utilities said earlier this week regulators won't make a decision on the 45-mile transmission line by mid-January as originally planned, but the commission announced Tuesday it would meet Friday on the power line project.

The proceedings come as two other major high-voltage line projects in the PJM Interconnection, a 13-state power market that includes New Jersey, have been delayed until further study is done on regional transmission needs.

The project planned by Public Service Enterprise Group is known as the Susquehanna-Roseland line, which would run from Pennsylvania into New Jersey. PPL Corp. (PPL) is planning the Pennsylvania portion of the line.

-By Mark Peters, Dow Jones Newswires; 212-416-2457; mark.peters@dowjones.com

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