Ameren-led consortium wins MISO EASL 765-kV transmission project
Adds to visible, long-term rate-base growth; regulatory risk exists but project backing and LRTP inclusion support valuation.
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Adds to visible, long-term rate-base growth; regulatory risk exists but project backing and LRTP inclusion support valuation.
What happened, with direct paths to the underlying reporting
MISO selected a consortium led by Ameren Transmission Company of Illinois (ATXI), GridLiance Heartland (NextEra) and Dairyland Power Cooperative to develop the East Adair–Minnesota/Iowa line (EASL). The project totals about $1.23 billion with 42.5% ownership for ATXI and GridLiance and 15% for Dairyland, targeting in-service dates of 2032 (345-kV) and 2034 (765-kV). This expands Ameren’s long-term regulated asset base and potential cash flows, subject to regulatory approvals.
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