NextEra Energy (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 (GW) of natural gas-powered generation in Texas and Pennsylvania.
The approval is a core component of the U.S.-Japan Strategic Trade and Investment Agreement, specifically tied to Japan's $550 billion investment commitment to revitalize the American industrial base and support the ongoing AI infrastructure boom.
The designated projects will be jointly owned by U.S. and Japanese stakeholders under the trade agreement's framework, with NextEra Energy serving as the developer, builder, and operator.
The approval includes NextEra’s previously disclosed Texas hub, developed in coordination with Comstock Resources, and a major new facility in Southwest Pennsylvania (Project South Mon) designed to serve the PJM regional transmission network.
Together, these facilities are intended to provide reliable, dispatchable power for large-scale users, including massive data center campuses and advanced manufacturing plants.
NextEra Energy’s Chairman and CEO, John Ketchum, emphasized that the projects are drawn from the company’s existing "hub inventory," which currently consists of nearly 30 hubs with a target of 40 nationwide.
This hub strategy is designed to scale rapidly and reduce development timelines.
Notably, the projects are structured to meet new electricity demand with new generating resources, a move specifically intended to fulfill the administration's "Ratepayer Protection Pledge" and avoid upward pressure on household electricity bills.
The deal follows other recent massive announcements under the trade pact, including GE Vernova’s 3 GW nuclear project in the South and SoftBank’s 9.2 GW gas project in Ohio.