NextEra Energy Transmission and Exelon Welcome PJM Board Vote to Advance Grid Reliability Project

Rhea-AI Summary

NextEra Energy Transmission and Exelon (Nasdaq: EXC) welcomed a PJM Board vote to advance a proposed ~220-mile, 765‑kV transmission line serving West Virginia, Pennsylvania and the Mid‑Atlantic. The project is intended to strengthen grid reliability, enable new generation interconnections, support affordable power, and spur construction jobs and economic development.

Positive

• PJM Board vote advances ~220-mile, 765‑kV transmission project
• Enables new generation connections to the regional grid
• Supports reliability and affordability across PA, WV and Mid‑Atlantic
• Job creation during construction and local economic development

Negative

• Potential impacts on landowners and local communities during construction

News Market Reaction – NEE

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-1.16% News Effect

On the day this news was published, NEE declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

JUNO BEACH, Fla. and CHICAGO, Feb. 13, 2026 /PRNewswire/ -- NextEra Energy Transmission, LLC, a subsidiary of NextEra Energy, Inc. (NYSE: NEE), and Exelon Corporation (Nasdaq: EXC) today welcomed the PJM Board of Directors' approval of their proposed ~220-mile, 765-kV transmission line. The project will enhance electric reliability and affordability for West Virginia, Pennsylvania and the MidAtlantic region.

Why it matters: Advancing this project is a key step in addressing reliability risks and ensuring long-term grid stability. This investment will benefit customers and unlock new generation opportunities across the region, reinforcing the grid as electricity supply struggles to keep pace with rising demand. As the regional grid operator for 13 states and D.C., PJM Board's decision reflects their determination that these reliability challenges cannot be solved with small or localized upgrades alone—extraordinary demand growth requires a suite of solutions.

Core benefits of the transmission line:

• Adds critically-needed capacity to meet rising demand
• Enables new generation to connect to the grid
• Ensures a supply of affordable electricity for families and small businesses
• Attracts industrial investment and economic development
• Creates good-paying jobs during construction and beyond

A word from Matt Valle, president of NextEra Energy Transmission: "This transmission line enables long-term safe, reliable and affordable power for the region—this is a win for residents and a win for the local economy."

A word from Carim Khouzami, executive vice president of transmission and development for Exelon: "As electricity demand increases are outpacing the current supply, this investment will be critical to ensuring we can bring the energy needed to meet the needs of families and small businesses across Pennsylvania and West Virginia while keeping customer affordability at the forefront. This result will allow us to deliver meaningful, lasting value for the region."

Next steps: NextEra Energy Transmission and Exelon are dedicated to fostering transparent and meaningful engagement with community members throughout this process and connecting at open houses later this year. The objective is to minimize impacts on landowners and the broader community as this critical transmission project is advanced.

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 (Nasdaq: EXC) is a Fortune 200 company and one of the nation's largest utility companies, serving almost 11 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's more than 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. Follow @Exelon on X and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nextera-energy-transmission-and-exelon-welcome-pjm-board-vote-to-advance-grid-reliability-project-302688052.html

SOURCE NextEra Energy Transmission, LLC; Exelon

FAQ

What did Exelon (EXC) announce about the PJM vote on February 13, 2026?

They said the PJM Board voted to advance a proposed ~220‑mile, 765‑kV transmission line. According to the company, this step aims to address reliability risks and enable new generation connections across West Virginia, Pennsylvania and the Mid‑Atlantic region.

How will the proposed ~220‑mile, 765‑kV line affect grid reliability for EXC customers?

It is intended to strengthen long‑term grid reliability and affordability for the region. According to the company, the project adds critical capacity to meet rising demand and reduces reliance on small, localized upgrades that are insufficient.

What benefits did NextEra Energy Transmission and Exelon cite for the EXC transmission project?

They highlighted new generation connections, affordable electricity for families and small businesses, and industrial investment. According to the company, the project also creates good‑paying construction jobs and supports regional economic development.

What are the next steps and community plans for the EXC transmission project?

NextEra Energy Transmission and Exelon plan community engagement and open houses later this year. According to the company, they will work to minimize impacts on landowners and hold transparent, meaningful outreach as project advancement continues.

Does the PJM Board vote mean the EXC transmission project is fully permitted and funded?

No — the vote advances the project but does not guarantee final permits or full funding. According to the company, this is a key developmental milestone and further regulatory, permitting and community steps remain before construction.