NextEra Energy, Inc. (NYSE:NEE) today announced it has executed definitive agreements with the U.S. Department of Commerce and the Government of Japan to fund the development and operation of up to 10 gigawatts of natural gas-powered generation in Texas and Pennsylvania.

Today's announcement follows President Donald J. Trump's approval of the projects, which were selected in connection with Japan's $550 billion investment commitment to the United States as part of the U.S.-Japan trade agreement, in March.

This major milestone releases the first tranche of funding for the two projects, which will be used for a variety of development activities, including down payments on long-lead equipment, to include turbines and selection of engineering, procurement and construction contractors. In partnership with the Administration and the Government of Japan, these funds are expected to enable NextEra Energy to deliver reliable, large-scale power infrastructure that supports America's economic growth and technical leadership in a manner consistent with the White House's Ratepayer Protection Pledge.

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