The New Jersey Board of Public Utilities (NJBPU) today selected the Larrabee Tri-Collector Solution (LTCS) offshore wind transmission project proposed by Mid-Atlantic Offshore Development (MAOD) and Jersey Central Power & Light Company.
MAOD is a joint venture of EDF Renewables-North America and Shell New Energies U.S. In addition, the Board awarded onshore grid upgrade projects to enable the capacity injection afforded by the LTCS to Atlantic City Electric, BGE, LS Power, PECO, PPL, PSE&G, and Transource. The MAOD-JCP&L proposal is estimated to cost $504 million. The necessary onshore grid upgrade projects are estimated to cost $568 million, for a total of $1.07 billion for the full LTCS. The Board also directed its staff to begin necessary preliminary steps to support a future State Agreement Approach (SAA) solicitation, to enable the transmission of New Jersey’s new and expanded goal of 11,000 MW of OSW energy by 2040, and to continue its engagement with other states, regional grid operators, and other stakeholders regarding a regional approach to offshore wind transmission.
