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

−4.6%

% 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	$566.8	+3.73%	−12.7%	−3.6%	+34.4%	−27.8%	2026-10-29
MYRG MYR Group	Transmission and electrical construction	NASDAQ US	$262.7	+3.24%	−10.2%	−22.9%	+20.2%	−47.6%	2026-10-28
MTZ MasTec	Power delivery and pipeline construction	NYSE US	$175.3	+2.49%	−17.6%	−43.9%	−19.4%	−59.9%	2026-10-29
AEP American Electric Power	765kV transmission and large-load interconnects	NASDAQ US	$129.5	−0.17%	+9.4%	−1.9%	+14.9%	−5.9%	2026-10-28
NEE NextEra Energy	Largest generation and transmission developer	NYSE US	$82.22	+0.14%	+8.1%	−7.2%	+4.6%	−14.8%	2026-10-21

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