NextEra Energy receives approval from President Donald J. Trump to develop up to 10 GW of natural gas-powered generation to meet nation's historic power demand

Finviz2026/03/20 14:42

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JUNO BEACH, Fla. , March 19, 2026 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE), the largest energy infrastructure builder in the United States, confirmed today that President Donald J. Trump has approved the development of up to 10 gigawatts of natural gas‑powered generation in Texas and Pennsylvania.

NextEra Energy receives approval from President Donald J. Trump to develop up to 10 GW of natural gas-powered generation to meet nation's historic power demand image 0

The approval, made in connection with Japan's $550 billion investment commitment to the United States as part of the U.S.-Japan trade deal, positions NextEra Energy to work with the administration to develop reliable, large-scale power infrastructure to support America's growth and technological leadership. The investment is subject to negotiation and execution of definitive documents by NextEra Energy and various constituents, as well as NextEra Energy's completion of development, construction and commissioning of the selected projects. The projects, which would be owned jointly by Japan and the U.S. under the structure of the joint trade agreement, would be built and operated by NextEra Energy.

Powering America and protecting affordability:

The projects, which include NextEra Energy's previously disclosed Texas hub developed in coordination with Comstock Resources, are designed to support growing electricity demand, strengthen the U.S. industrial base and serve large‑scale users, including data centers and advanced manufacturing. The projects would be structured so that new electricity demand is met with new generating resources, intended to avoid upward pressure on electricity bills for Americans.

A word from John Ketchum, chairman, president and CEO of NextEra Energy:

"America needs more power, and NextEra Energy is ready to deliver. For more than a century, we have built the energy infrastructure that powers America's growth. 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. We are pleased that our Texas and Pennsylvania hubs have been selected to advance the President's goal of American energy dominance."

NextEra Energy's hub strategy:

The projects selected today are drawn from our existing inventory of hub development assets. The company's hub strategy is built on the value of scale. NextEra Energy currently has close to 30 hubs in its inventory at various stages of development and is working toward a target of approximately 40. The company believes that its hub strategy can reduce development timelines and execution risk—helping customers keep costs low while meeting growing power demand.

Next steps:

NextEra Energy will continue to advance development activities, including working toward definitive documentation with various constituents and engaging with potential customers, while coordinating closely with federal, state and local stakeholders

About NextEra Energy

NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and energy infrastructure company in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. For more information about NextEra Energy companies, visit these websites:

Cautionary Statements and Risk Factors That May Affect Future Results

SOURCE NextEra Energy, Inc.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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