[USA] PSE&G to pay $6.6M for inaccurately reporting need for local PJM transmission project

As of December 6, 2024, Public Service Electric and Gas (PSE&G) agreed to pay $6.6 million to settle allegations that it gave the PJM Interconnection misleading information about a $546 million transmission project. [1] This was during the grid operator’s Regional Transmission Expansion plan process, according to the settlement approved by the Federal Energy Regulatory Commission (FERC). FERC enforcement staff found that PSE&G violated agency rules requiring market participants to provide “accurate and factual information” about the state of power line towers in communications with agency-approved regional transmission organizations. The settlement agreement centers on a $546 million project PSE&G, a Public Service Enterprise Group subsidiary, recommended to PJM in 2017 to replace a transmission line in New Jersey.

[1] https://elibrary.ferc.gov/eLibrary/filelist?accession_number=20241205-3039&optimized=false