09:14 AM EDT, 03/17/2026 (MT Newswires) -- Senior Trump administration officials are drafting settlement agreements that would pay TotalEnergies (TTE) nearly $1 billion in order to block wind farms off New York State and North Carolina, The New York Times reported Tuesday, citing documents it reviewed.

Under the terms of the proposed settlements, the Interior Department would cancel the leases in federal waters for the two projects, and the Department of Justice would pay over $928 million to TotalEnergies to reimburse it for its winning bids in lease sales during the Biden administration, the report said.

TotalEnergies didn't immediately reply to a request for comment from MT Newswires.

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