SOO Green's new transmission proposal promises $39.7 billion in net wholesale power savings for Illinois, aiming to address regional capacity constraints with a 2,035 MW underground HVDC line.
The filing projects only about $0.59 a month in savings for Ameren Illinois customers from 2033 onward, a negligible billing impact for the utility, and the project still needs state approval and capacity accreditation. Any effect on Ameren shares from this filing is immaterial.
PPL Corporation is listed only as one of several project partners on the SOO Green HVDC line, with no financial terms, order values or timeline contributions disclosed. The project targets service in 2032/2033 and depends on Illinois regulatory acceptance, so the near-term effect on PPL shares is negligible.
The SOO Green HVDC Link project has submitted a ready-to-build proposal to the Illinois Commerce Commission, projecting $39.7 billion in wholesale power savings for state ratepayers between 2033 and 2052. The 364-mile underground transmission line aims to deliver 2,035 megawatts of firm power to the ComEd zone, with service targeted between late 2032 and early 2033.