NextEra Energy, Inc. (NEE) on Friday said that up to 10 gigawatts of natural gas-powered generation projects in Texas and Pennsylvania have been approved by Donald Trump as part of Japan's $550 billion U.S. investment commitment tied to the U.S.-Japan trade agreement.
The projects include the company's previously disclosed Texas hub developed with Comstock Resources, Inc. and are intended to serve rising demand from data centers and advanced manufacturing without increasing household electricity costs.
Chief Executive John Ketchum said the selected projects support the company's hub strategy, with nearly 30 energy hubs currently in development and a long-term target of about 40.
NEE is currently trading at $91.01, down $1.40 or 1.51 percent on the New York Stock Exchange.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.