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Pepco Holdings, Inc. Message Board

  • diligence2 diligence2 Mar 15, 2013 11:29 PM Flag

    Massive Underwater Power Transmission

    “backbone” off the U.S. Mid-Atlantic coast will begin construction in 2016 in New Jersey, companies behind the project revealed Tuesday.

    Eventually, the AWC will be able to connect 7,000 megawatts of offshore wind turbine, generating enough energy to power 1.9 million households.

    For now, the project, which is led by independent transmission company Trans-Elect, developed by Atlantic Grid Development and backed by Bregal Energy, Elia, Good Energies, Google and Marubeni Corporation, is focusing on the so-called New Jersey link.

    The underwater transmission line will move cheap North Carolina Power up the coast bypassing Maryland, etc.

    Sentiment: Buy

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