NextEra Energy raises dividend 10% and wins 220-mile grid approval
NextEra Energy’s board declared a quarterly dividend of $0.6232 per share, a 10% increase year-over-year. PJM’s board approved a 220-mile, 765-kV transmission line by NextEra Energy Transmission and Exelon to bolster grid reliability and connect new generation across West Virginia, Pennsylvania and the MidAtlantic.
1. Board Declares 10% Dividend Hike
NextEra Energy’s board of directors approved a regular quarterly dividend of $0.6232 per share, marking a 10% increase compared to the prior-year period. This boost enhances the company’s yield profile and underscores its focus on returning cash to shareholders.
2. PJM Board Approves 220-Mile Transmission Project
The PJM Board of Directors cleared NextEra Energy Transmission and Exelon’s plan to construct a 220-mile, 765-kV line across West Virginia, Pennsylvania and the MidAtlantic region. The project aims to address rising demand by adding critical capacity, enabling new generation connections, ensuring affordable power supply and driving job creation during construction and operation.