Exelon(US:EXC) Prnewswire·2025-12-08 21:05Core Insights - PJM Interconnection has recommended NextEra Energy Transmission and Exelon for a critical energy infrastructure project as part of its 2025 Regional Transmission Expansion Plan, involving a 220-mile 765-kilovolt high voltage transmission line to enhance energy reliability and affordability in Pennsylvania and West Virginia [1][2] Company Overview - NextEra Energy, Inc. is one of North America's largest electric power and energy infrastructure companies, providing electricity to approximately 12 million people in Florida through its subsidiary Florida Power & Light Company [4] - Exelon is a Fortune 200 company serving over 10.7 million customers through six regulated utilities, focusing on reliable and efficient energy delivery [7] Project Details - The proposed 765-kV transmission line is designed to transfer 2-3 times more power than existing 500-kV lines while reducing transmission losses by 50% [2] - The project is expected to facilitate approximately 7 gigawatts of power, creating thousands of permanent jobs and attracting industrial investments [3] Economic Impact - The project supports Pennsylvania's $92 billion investment in new power generation and aligns with West Virginia's plan to invest in coal and natural gas, contributing to the state's energy legacy [5] - The collaboration between NextEra and Exelon is seen as a pivotal moment for the region's energy future, enhancing access to low-cost energy and driving economic growth [2][3] Next Steps - The PJM Board is set to vote on the final approval of the transmission project in early 2026, with both companies committed to working with stakeholders to implement the project [3]