Deals Counterparts

PJM selects Dominion Energy Virginia transmission projects

Development Transmission announced Richmond, USA Feb 23, 2026
USD5B
Deal Value
1 MW
Capacity
development
Stage

PJM selected a portfolio of transmission projects totaling over $5 billion, with in-service dates through 2032, calling it Dominion Energy Virginia’s largest proposed investment since PJM began its open window process.

Deal Analysis

PJM Interconnection's selection of Dominion Energy Virginia's transmission projects, totaling over $5 billion, represents a significant investment in grid infrastructure. This portfolio of projects, with in-service dates extending through 2032, aims to enhance the reliability and capacity of the transmission network within the PJM service territory. As Dominion Energy Virginia's largest proposed investment since PJM began its open window process, this deal underscores the growing need for grid modernization to support increasing electricity demand and the integration of renewable energy sources. The deal is notable for its substantial value and the involvement of key players in the energy sector. Dominion Energy, a major utility company, is positioned to execute these critical transmission upgrades. PJM, as the regional transmission organization, plays a crucial role in ensuring the efficient and reliable flow of electricity across a multi-state region. This investment will likely have positive implications for grid stability, renewable energy integration, and overall economic development within the PJM footprint.
  • Over $5 billion investment in transmission projects.
  • Dominion Energy Virginia's largest proposed investment since PJM's open window process.
  • Projects aim to enhance grid reliability and capacity.
  • Involves key players: Dominion Energy and PJM Interconnection.
Market Context: The deal occurs within the context of increasing demand for electricity and the ongoing transition to renewable energy sources, necessitating significant investments in transmission infrastructure to ensure grid reliability and facilitate the integration of clean energy.

Source Intelligence

KEY DETAILS

The portion through 2030 is included in the updated capital plan. Quote: Management said the portion through 2030 is included in the updated capital plan.

Deal Size
PJM selected a portfolio of transmission projects totaling over $5 billion
Capacity
the approximately 1 GW gas-fired facility
Location
Dominion Energy, Inc, headquartered in Richmond, Virginia
Announcement
Written by MarketBeat February 23, 2026
COD
PJM selected a portfolio of transmission projects totaling over $5 billion, with in-service dates through 2032
PARTIES MENTIONED IN SOURCE
D
Dominion Energy Virginia developer

"PJM selected a portfolio of transmission projects totaling over $5 billion, with in-service dates through 2032, calling it Dominion Energy Virginia’s largest proposed investment since PJM began its open window process."

P
PJM buyer

"PJM selected a portfolio of transmission projects totaling over $5 billion, with in-service dates through 2032, calling it Dominion Energy Virginia’s largest proposed investment since PJM began its open window process."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 23, 2026
Signed
Closed

Market Context

This deal is part of the Transmission sector in USA.
149
Transmission deals
221
deals in USA
1 of 148 Transmission deals tracked this month · Updated daily

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