NextEra to Acquire Dominion in All-Stock Deal, Creating World's Largest Regulated Utility
NextEra Energy will buy Dominion Energy in an all-stock deal, creating the world’s largest regulated electric utility. NextEra shareholders will hold 74.5% of the combined company and Dominion shareholders 25.5%. The transaction targets increasing demand from AI-focused data centers, with Dominion serving Northern Virginia’s large data-center market and NextEra expanding its renewables and gas/nuclear initiatives.