NextEra approved to build up to 10 GW gas plants

NextEra Energy announced President Donald J. Trump has approved development of up to 10 GW of natural gas‑powered generation in Texas and Pennsylvania.

• Approval & scope: The approval authorizes NextEra Energy to develop up to 10 gigawatts of natural gas generation in Texas and Pennsylvania, with projects to be owned jointly by Japan and the U.S. under the U.S.-Japan trade deal and tied to Japan’s $550 billion investment commitment; the investment and projects are subject to negotiation and execution of definitive documents and NextEra’s completion of development, construction and commissioning.
• Background & implementation details: Projects are drawn from NextEra’s hub strategy (close to 30 hubs in inventory, targeting ~40), include the previously disclosed Texas hub developed with Comstock Resources, are intended to serve large-scale users (including data centers and advanced manufacturing), and NextEra will advance development, negotiate definitive documentation, and engage federal, state and local stakeholders as next steps.