SOURCE: Industrial Info Resources

Industrial Info Resources

September 10, 2010 05:40 ET

It's Official: PSEG Power's Susquehanna-Roseland Transmission Line Is On Hold, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 10, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- PSEG Power LLC's controversial 500-kilovolt (kV) Susquehanna-Roseland transmission line project in New Jersey and Pennsylvania will be officially "on hold" for at least two years or more. The project has been under development since 2007, but with the price tag of $1 billion and possible environmental, wetlands and scenic damage, the New Jersey Department of Environmental Protection found the project risky. PSEG Power is a subsidiary of Public Service Enterprise Group (NYSE:PEG) (Newark, New Jersey).

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