PJM selects NextEra and Exelon for 220-mile transmission project

PJM Interconnection has recommended NextEra Energy Transmission and Exelon (NYSE: EXC) to develop a 220-mile, 765-kilovolt transmission line connecting Pennsylvania and parts of West Virginia as part of its 2025 Regional Transmission Expansion Plan.

The high-voltage transmission line would connect to substations serving residents and businesses across the region. According to the companies, 765-kV lines can transfer two to three times more power than 500-kV lines while reducing transmission losses by 50 percent.

The project is designed to facilitate approximately 7 gigawatts of power capacity. NextEra Energy (NYSE: NEE) Chairman and CEO John Ketchum stated the project would "deliver a stronger, more resilient grid that improves access to low-cost energy for millions of families and businesses."

Exelon President and CEO Calvin Butler said the collaboration would "ensure reliable, affordable power for families and businesses across Pennsylvania and West Virginia, strengthen our grid and drive forward economic growth."

The companies indicated the transmission line would support Pennsylvania's $92 billion investment in new power generation announced earlier this year, as well as West Virginia Governor Morrisey's plan to invest in coal, natural gas and workforce development. In November, Governor Morrisey announced $4.2 billion in investments toward this initiative.

The PJM Board is scheduled to vote on final approval of the transmission project in early 2026, according to the press release.

NextEra Energy Transmission operates more than 3,100 miles of transmission lines across 18 states and Canada. Exelon serves more than 10.7 million customers through six regulated transmission and distribution utilities.

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