Grid Connection & Transmission

Interconnection queues measure in years. Energised megawatts — not empty shells — pace AI buildout, and new lines take the better part of a decade.

Generation→Queue study→Line + substation→Campus

Tightness score ⓘ

#3 of 56

▲ Tightening

Supply concentration3

Lead time5

Capex intensity5

Geopolitical exposure2

Pricing power4

Lead time

36–84 mo

Theme 1M

−1.1%

% in uptrend

40%

Metric to watch

Interconnection queue data, large-load tariffs, and transmission capex plans.

What would prove us wrong

Weakens if queue reforms cut time-to-power below two years at scale.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
PWR Quanta Services	Grid construction and craft labour at scale	NYSE US	$606.2	−0.29%	−8.2%	−11.6%	+43.7%	−22.8%	2026-10-29
MYRG MYR Group	Transmission and electrical construction	NASDAQ US	$278.4	−0.80%	−4.4%	−16.7%	+27.4%	−44.4%	2026-10-28
MTZ MasTec	Power delivery and pipeline construction	NYSE US	$185.1	−2.16%	−4.8%	−37.8%	−14.8%	−57.7%	2026-10-29
AEP American Electric Power	765kV transmission and large-load interconnects	NASDAQ US	$128.9	−0.23%	+3.0%	+3.4%	+15.2%	−5.6%	2026-10-28
NEE NextEra Energy	Largest generation and transmission developer	NYSE US	$85.29	−0.81%	+8.8%	−0.3%	+8.6%	−11.6%	2027-01-27

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