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Stock impact report

NextEra Energy's 10GW Gas Plan Tests Clean Power Investment Story [Yahoo! Finance]

NextEra Energy, Inc. (NEE) 
Last nextera energy, inc. earnings: 4/22 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.nexteraenergy.com
Company Research Source: Yahoo! Finance
NextEra Energy (NYSE:NEE) has received approval to develop up to 10 gigawatts of new natural gas power generation in Texas and Pennsylvania. The projects are tied to the U.S. Japan trade agreement and are part of Japan's planned US$550b investment in the U.S. The announcement involves presidential approval and positions the company to build large scale natural gas infrastructure supporting rising U.S. electricity demand. For investors following NYSE:NEE, this move extends a business that is widely associated with renewables into major gas fired generation, supported by cooperation at the government level. The projects sit within a wider push to support U.S. industrial activity and data center growth, which both require significant, reliable power capacity. Approval for up to 10 gigawatts gives the company a large potential project pipeline. However, actual build out, timing, and returns will depend on permitting, construction costs, and long term offtake agreements. Readers m Show less Read more
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