JUNO
BEACH, Fla., Aug. 29,
2023 /PRNewswire/ -- NextEra Energy Transmission
Southwest, LLC, a subsidiary of NextEra Energy Transmission,
LLC, was awarded the Crossroads – Hobbs – Roadrunner 345-kilovolt (kV)
Competitive Upgrade project in New
Mexico by the Southwest Power Pool (SPP). This is the fifth
and largest competitive transmission project that the SPP has
released to date and the third competitive project that NextEra
Energy Transmission Southwest has been awarded by SPP.
The project emerged from SPP's integrated transmission planning
process during which SPP assesses the future transmission needs of
its grid to develop transmission solutions that provide reliable
and economic delivery of energy and maximize the benefits to
customers. The Crossroads – Hobbs
– Roadrunner 345-kV Competitive Upgrade project will deliver
lower-cost generation to the region and unlock significant customer
benefits by building a 345-kV double-circuit transmission line
interconnecting the Crossroads, Hobbs and Roadrunner substations.
"We are grateful to SPP for once again entrusting us to deliver
transmission projects that bring cost-effective, reliable energy to
customers," said Matt Valle, president of NextEra Energy
Transmission. "This project is a reflection of the ongoing
commitment by NextEra Energy Transmission Southwest to create
comprehensive transmission solutions for customers in SPP
territory."
NextEra Energy Transmission Southwest will finance, construct,
own, operate and maintain the Crossroads – Hobbs – Roadrunner 345-kV Competitive Upgrade
project. The project is expected to be in service no later than
May 2026.
NextEra Energy Transmission
NextEra Energy
Transmission, a subsidiary of NextEra Energy, Inc. (NYSE: NEE),
owns, develops, finances, constructs, operates and maintains
transmission assets across the continent. NextEra Energy
Transmissionoperates through its regional subsidiaries to integrate
renewable energy and strengthen the electric grid. The company's
subsidiaries were among the first non-incumbents to be awarded
projects by system operators and utility commissions
in California, New York and Ontario. NextEra
Energy Transmission's portfolio includes operating assets in 10
states, six regional transmission organizations and one Canadian
province, with numerous projects under development and
construction. To learn more,
visit www.NextEraEnergyTransmission.com.
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SOURCE NextEra Energy Transmission, LLC