NextEra-Dominion Merger Creates World's Largest Regulated Electric Utility
NextEra Energy and Dominion Energy announced an all-stock merger to form the world's largest regulated electric utility and North America's premier energy infrastructure platform, serving about 10 million customer accounts across Florida, Virginia, North Carolina and South Carolina with roughly 110 GW of generation. The deal is tax-free for shareholders, with NextEra owning about 74.5% and Dominion about 25.5% of the combined company, accompanied by $2.25 billion in bill credits for Dominion customers post-close and projected 9%+ adjusted earnings growth through 2032. Closing is expected in 12–18 months, pending regulatory and shareholder approvals.
