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Dominion announces merger w[strike]ith NextEra, creating a massive power company as AI drives energy demand in the US
Dominion announces merger with NextEra, creating a massive power company as AI drives energy demand in the US
By The Associated Press
Published May 18, 2026 at 9:25AM
FILE – A Dominion Energy lineman lifts himself up to work on a power line in the aftermath of Hurricane Helene Sunday, Sept. 29, 2024, in North Augusta, S.C. (AP Photo/Artie Walker Jr., File)
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NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S.
It is one of the biggest proposed mergers so far this year and would create the world’s biggest regulated electric utility business by market capitalization, the companies said on Monday.
The combined company will serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina.
{snip}
By The Associated Press
Published May 18, 2026 at 9:25AM
FILE – A Dominion Energy lineman lifts himself up to work on a power line in the aftermath of Hurricane Helene Sunday, Sept. 29, 2024, in North Augusta, S.C. (AP Photo/Artie Walker Jr., File)
1/3
NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S.
It is one of the biggest proposed mergers so far this year and would create the world’s biggest regulated electric utility business by market capitalization, the companies said on Monday.
The combined company will serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina.
{snip}