NEE · Earnings call · 2026Q3T · Full report
Transmission Investment Growth
NEXTERA ENERGY INC · 2026-10-21 · Importance 59 · Surprise 48 · No source text
Energy Resources reported that its regulated and invested capital, together with secured capital expenditures across electric and gas transmission, had increased roughly 25% to approximately $12.7 billion since December 2025. Lone Star Transmission received ERCOT approval to build portions of two new transmission lines in North Central Texas to improve regional reliability. MISO selected NextEra Energy Transmission to build two large-scale 765 kV transmission projects in Illinois. The gas transmission business also formed a joint venture to build a 97-mile intrastate pipeline in South Florida.
Key facts
- MISO selected NextEra Energy Transmission in Q2 2026 to build two 765 kV transmission projects in Illinois.
- NextEra Energy's regulated and invested capital and secured capital expenditures across electric and gas transmission increased roughly 25% to approximately $12.7 billion since December 2025.
- NextEra expects 20% to 25% CAGR in transmission rate base growth from 2025 through 2032.
- NextEra's overall growth expectations for the transmission segment are already in the 20%+ range.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | — | NextEra Energy's regulated and invested capital and secured capital expenditures across electric and gas transmission increased roughly… |