Dominion Successfully Integrated Into PJM
Dominion and PJM Interconnection announced that at 12:01 a.m. (EDT), May 1, PJM began managing the flow of wholesale electricity over Dominion's more than 6000 miles of high-voltage transmission lines and administering open, competitive wholesale electricity trading markets.
Dominion's integration into PJM involves transferring operational control, but not ownership, of the companies' transmission assets in Virginia and North Carolina.
With Dominion, PJM has a projected peak demand of more than 130,000 MW and includes nearly 1100 generating units with a combined capability of nearly 164,000 MW. PJM operates 56,070 miles of high-voltage transmission lines and 3660 transmission substations. PJM now serves 51 million people in a 164,260 square mile territory in 13 states and the District of Columbia.
"More than 20% of the U.S. economy now depends upon the reliable service we provide, and we are delighted to extend to the Dominion territory in Virginia and North Carolina the proven benefits of wholesale competition," said James D. Hinton, president -- PJM Southern Region. "PJM's size and scale allow us to more effectively enhance reliability and competitive electricity markets."
PJM has successfully more than doubled its size in the past year. Last May, it integrated the Commonwealth Edison system. Last October, American Electric Power and Dayton Power & Light joined PJM followed by the integration of Duquesne Light Company Jan. 1, 2005.
PJM Interconnection ensures the reliability of the high-voltage electric power system serving 51 million people
in all or parts of Delaware, Indiana, Illinois, Kentucky, Maryland, Michigan, New Jersey, North Carolina,
Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and
directs the operation of the region's transmission grid; administers a competitive wholesale electricity market,
the world's largest; and plans regional transmission expansion improvements to maintain grid reliability and
relieve congestion. Visit PJM at www.pjm.
Source: PJM Interconnection