NextEra Energy Transmission and Exelon Power Pennsylvania and West Virginia's Energy Future

NextEra Energy Transmission and Exelon (EXC) were recommended by PJM Interconnection on Dec. 8, 2025, to deliver an approximately 220-mile 765-kV high-voltage transmission line serving Pennsylvania and parts of West Virginia.

Rhea-AI Summary

NextEra Energy Transmission and Exelon (EXC) were recommended by PJM Interconnection on Dec. 8, 2025, to deliver an approximately 220-mile 765-kV high-voltage transmission line serving Pennsylvania and parts of West Virginia.

The proposed bi-directional line would facilitate about 7 GW of power, reportedly transfer 2–3x more power than 500-kV lines, reduce transmission losses by 50%, and support regional investments including a $92 billion Pennsylvania power program and West Virginia initiatives. The PJM Board will cast a final vote in early 2026.

Positive

• 220-mile 765-kV transmission line proposed
• Project would facilitate approximately 7 GW of power
• Transmission losses claimed to be reduced by 50%
• Supports Pennsylvania's $92 billion power investment

Negative

• Project still requires final PJM Board approval in early 2026
• Proposed status means the line is not yet under construction or in service

Argus Dec 9 session

+0.99% close to close Open Argus

Details

News Market Reaction – EXC

On Dec 9, the first trading day after this news, EXC closed 0.99% above the previous close.

Data tracked by StockTitan Argus for the Dec 9 session.

Key Figures

Transmission line length: approximately 220 miles Line voltage: 765 kilovolts (kV) Transfer capacity vs 500-kV: 2–3 times more power +5 more

Transmission line length

approximately 220 miles

Proposed 765-kV high voltage transmission project

Line voltage

765 kilovolts (kV)

High voltage transmission line specification

Transfer capacity vs 500-kV

2–3 times more power

Relative capacity of 765-kV lines vs 500-kV

Transmission loss reduction

50%

Reduction in transmission losses vs 500-kV lines

Power facilitated

approximately 7 GW

Bi-directional 765-kV superhighway capacity

Pennsylvania investment

$92 billion

Investment in new power generation across Pennsylvania

West Virginia power plan

50 GW by 2050

State plan for coal, natural gas and workforce development

West Virginia investments

$4.2 billion

Investments announced toward the 50 GW by 2050 plan

Historical Context

5 past events · Latest: Dec 04

5 events

1. Dec 04

   Customer discount plan

   24h Move

   -1.4%

   Announcement of multi-tier low-income electric bill discount program starting 2026.

2. Dec 03

   Customer bill credits

   24h Move

   -1.0%

   Plan to return over $803 million to customers via automatic bill credits.

3. Dec 01

   Convertible notes priced

   24h Move

   -1.5%

   Pricing of $900 million 3.25% convertible senior notes due 2029.

4. Dec 01

   Convertible notes proposed

   24h Move

   -3.0%

   Proposed $900 million convertible senior notes offering for debt repayment purposes.

5. Nov 24

   Workforce award news

   24h Move

   +1.1%

   National recognition for clean energy workforce training Power Up Academy program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

765-kilovolt (kV), gigawatts (GW)

2 terms

765-kilovolt (kV) technical

"The approximately 220-mile 765-kilovolt (kV) high voltage transmission line is designed"

A 765-kilovolt (kV) line is a very high-voltage electricity transmission circuit used to move large amounts of power over long distances with lower energy loss, like a multi-lane highway for electricity. For investors, such lines signal major infrastructure projects that involve substantial capital spending, regulatory permits and long-term revenue or cost impacts, and they affect grid reliability, asset lifespan and potential returns on utility or transmission investments.

gigawatts (GW) technical

"The proposed bi-directional 765-kV superhighway would facilitate approximately 7 gigawatts (GW) of power."

A gigawatt (GW) is a measure of electrical power equal to one billion watts and tells you how much electricity a plant or project can produce at a given moment. For investors it signals scale and revenue potential—larger GW capacity usually means bigger sales, grid impact and capital needs—much like knowing a factory’s production line size helps predict output and cash flow.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

JUNO BEACH, Fla. and CHICAGO, Dec. 8, 2025 /PRNewswire/ -- The regional grid operator, PJM Interconnection, has recommended NextEra Energy Transmission and Exelon to deliver a critical energy infrastructure project as part of its 2025 Regional Transmission Expansion Plan. The approximately 220-mile 765-kilovolt (kV) high voltage transmission line is designed to support safe, reliable and affordable energy for families and communities across Pennsylvania and parts of West Virginia and spur significant economic growth. The transmission line would connect to substations that supply electricity to residents and businesses across the region. 

A word from John Ketchum, NextEra Energy chairman and CEO: "We're proud to invest in American energy dominance. Together with Exelon, we're delivering a stronger, more resilient grid that improves access to low-cost energy for millions of families and businesses across Pennsylvania and West Virginia. This critical project will power communities for decades to come, and we are committed to working closely with those communities along the proposed line to enable the many project benefits." 

A word from Calvin Butler, Exelon president and CEO: "Our collaboration marks a pivotal moment for our region's energy future. At Exelon, we're proud to join forces with NextEra Energy Transmission to deliver a project that will ensure reliable, affordable power for families and businesses across Pennsylvania and West Virginia, strengthen our grid and drive forward economic growth. We stand committed to working hand-in-hand with local communities, ensuring we provide our customers the energy they need and deserve." 

A word from Senator Dave McCormick (R-PA): "Pennsylvania has an extraordinary opportunity to lead the energy and AI revolution. By strengthening our power infrastructure, we're ensuring Pennsylvanians can seize this moment. This project will help deliver abundant, reliable power to communities, stabilize electricity prices, create jobs and position us to power the types of investments announced at the Energy and Innovation Summit in Pittsburgh earlier this year, which will drive our economic growth for decades to come."

Powering safe and reliable electricity: 765-kV lines transfer 2–3 times more power than 500-kV lines while reducing transmission losses by 50%.

• Improved resilience during peak demand helps lower electricity costs.
• Smaller environmental footprint, as fewer towers are required compared with equivalent transmission structures.

Driving economic growth: The proposed bi-directional 765-kV superhighway would facilitate approximately 7 gigawatts (GW) of power. This is a decisive competitive advantage for attracting industrial investments and major employers, creating thousands of permanent jobs. The transmission line:

• Supports Pennsylvania's $92 billion investment in new power generation across the Commonwealth as announced earlier this year by President Trump, Senator McCormick and Governor Shapiro. 
• Supports West Virginia Governor Morrisey's 50 GW by 2050 plan to invest in coal, natural gas and workforce development and continue the state's legacy as America's energy powerhouse. In November, Governor Morrisey announced $4.2 billion in investments toward his vision.

Next steps: The PJM Board's final vote to approve the transmission project will be in early 2026. NextEra Energy Transmission and Exelon look forward to working with stakeholders to bring this transformative project into service. 

About NextEra Energy
NextEra Energy, Inc. (NYSE: NEE) is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.

About NextEra Energy Transmission
NextEra Energy Transmission, LLC is North America's leading competitive transmission company. With more than 3,100 miles of transmission lines in operation and development in 18 states and Canada, the company is strengthening and modernizing the electric grid to meet the country's growing energy needs. NextEra Energy Transmission owns, develops, finances, constructs, operates and maintains transmission assets across the continent. The company operates through its regional subsidiaries to integrate diverse energy sources. NextEra Energy Transmission, LLC is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. For more information, visit www.NextEraEnergyTransmission.com. 

About Exelon
Exelon (NYSE: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. For more information about Exelon, visit: https://www.exeloncorp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nextera-energy-transmission-and-exelon-power-pennsylvania-and-west-virginias-energy-future-302635757.html

SOURCE NextEra Energy, Inc.; Exelon

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NextEra Energy Transmission and Exelon announce about the Pennsylvania transmission project on Dec. 8, 2025 (EXC)?

PJM recommended the companies deliver an approximately 220-mile 765-kV transmission line to serve Pennsylvania and parts of West Virginia.

How much power would the proposed EXC-linked 765-kV line facilitate?

The announcement says the bi-directional superhighway would facilitate about 7 GW of power.

When will PJM make the final decision on the EXC/NextEra transmission project?

The PJM Board is scheduled to hold a final vote in early 2026.

What efficiency gains did the Dec. 8, 2025 announcement claim for the 765-kV line (EXC)?

The release states 765-kV lines transfer 2–3 times more power than 500-kV lines and reduce transmission losses by 50%.

How does the project relate to Pennsylvania's $92 billion energy investment referenced on Dec. 8, 2025 (EXC)?

The transmission line was described as supporting Pennsylvania's $92 billion investment in new power generation.