Trans-Elect, Google Pursuing Up To 6,000 MW Undersea Transmission Line off Mid-Atlantic Coast

Trans-Elect, with sponsors Good Energies, Google, and Marubeni Corporation, is pursuing the development of a 6,000 MW undersea transmission cable that would link Hampton Roads, Virginia with New Jersey, with a connection to the on-shore transmission system in Delaware as well.

Cost of the 350-mile line, which is not being developed on a merchant basis, is pegged at $5 billion.

Investors have committed to preliminary development in the following shares: 37.5 percent for Good Energies and Google, 15 percent for Marubeni, and 10 percent for Atlantic Grid Development, a new Trans-Elect subsidiary.

The initial phase would be limited to Delaware to New Jersey, and is estimated to cost $1.8 billion for 2,000 MW of capacity.