MISO picks Ameren, NextEra and Dairyland consortium for $1.2‑$1.23 billion Iowa transmission project
The Midcontinent Independent System Operator selected a consortium of Ameren Transmission Company of Illinois, NextEra Energy Transmission’s GridLiance Heartland, and Dairyland Power Cooperative to develop a new 765‑kV transmission line in Iowa. The project, called East Adair‑Southwest Line (EASL), will span about 187 miles and is slated for in‑service dates in 2032 for the 345‑kV portion and 2034 for the 765‑kV portion. Ownership will be split 42.5% to Ameren, 42.5% to GridLiance and 15% to Dairyland.
Why it matters
The consortium expects the project to generate long‑term transmission revenue and support grid reliability for Midwest customers, which could enhance cash flow for Ameren (AEE) and NextEra (NEE) shareholders. The selection also signals continued demand for high‑voltage infrastructure in the region.
Key facts
- 1MISO estimated the total project cost at approximately $1.23 billion. prnewswire.com
- 2MISO estimated the total project cost at $1.2 billion. seekingalpha.com
- 3The new 765‑kV transmission line will be about 187 miles long. prnewswire.com
- 4Ownership stakes are 42.5% for Ameren, 42.5% for GridLiance and 15% for Dairyland. prnewswire.com
- 5The 765‑kV scope is expected to be in service on June 1, 2034; the 345‑kV scope on June 1, 2032. prnewswire.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.