NEE · News · 20261022N

Midwest Transmission Investment

NEXTERA ENERGY INC · 2026-10-22 · Importance 52 · Surprise 42 · In source text

A consortium led by Ameren Transmission Company of Illinois and including NextEra Energy Transmission’s GridLiance Heartland and Dairyland Power Cooperative was selected by MISO to develop, build, operate and maintain the $1.23 billion EASL transmission project in Iowa. The project covers the East Adair–Minnesota/Iowa State Line–Arbor Hill–York Avenue route and is intended to form part of a new 765-kilovolt backbone. GridLiance Heartland will hold a 42.5% ownership stake, matching ATXI, while Dairyland will hold 15%. The project was awarded through a competitive process evaluating value, design, execution capabilities and regulatory experience, expanding NextEra’s Midwest transmission platform and contracted infrastructure backlog.

Key facts

• MISO selected the consortium to deliver the East Adair – Minnesota/Iowa State Line – Arbor Hill – York Avenue (EASL) project, estimated at $1.23 billion. source
• Seeking Alpha reports the consortium will develop, build, operate, and maintain a $1.2 billion EASL transmission project in Iowa. source
• A consortium including NextEra Energy's GridLiance Heartland was selected by MISO to develop, build, operate, and maintain the EASL transmission project in Iowa. source
• The EASL project is foundational to a new 765-kilovolt (kV) backbone for the Midwest. source
• Ownership stakes for the consortium: 42.5% ATXI, 42.5% GridLiance, and 15% Dairyland. source

Impact estimates