Donald Trump Approves NexEra’s Natural Gas-Powered Projects In Texas And Pennsylvania – NEE Stock Gains

NextEra Energy Inc. (NEE) announced on Friday it had secured approval from President Donald Trump to develop up to 10 gigawatts of natural gas-powered projects in Texas and Pennsylvania.

NEE shares traded around 1% higher.

The move is tied to a broader U.S.-Japan trade agreement that includes a $550 billion investment commitment by the Asian country. The projects, jointly owned by U.S. and Japanese stakeholders, are aimed at meeting rising electricity demand, particularly from data centers and advanced manufacturing. They will be built and operated by NextEra.

“Our hub strategy is designed to scale quickly and support rising demand while strengthening America's energy security—without increasing electricity costs for American households,” said John Ketchum, chairman, president, and CEO of NextEra Energy.

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