NextEra to buy Dominion in $67bn deal creating US utility giant
NextEra Energy has announced its acquisition of Dominion Energy for $67 billion, creating the largest regulated utility in the U.S. The merger aims to address rising electricity demand driven by the growth of datacenters and AI technologies. If approved, the combined entity will serve approximately 10 million customers across several southern states.
- ▪The deal is valued at $67 billion and will create the world's largest regulated utility business.
- ▪NextEra Energy shareholders will own about three-quarters of the combined company, while Dominion Energy shareholders will own the rest.
- ▪The merger is expected to provide $2.25 billion in bill credits over two years to improve affordability for customers.
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A Dominion Energy lineman lifts himself up to work on a power line in the aftermath of Hurricane Helene on 29 September 2024, in North Augusta, South Carolina. Photograph: Artie Walker Jr./APView image in fullscreenA Dominion Energy lineman lifts himself up to work on a power line in the aftermath of Hurricane Helene on 29 September 2024, in North Augusta, South Carolina. Photograph: Artie Walker Jr./APBusinessNextEra to buy Dominion in $67bn deal creating US utility giantDeal would create largest regulated US utility, serving 10 million customers as AI-driven demand for power surgesGaya GuptaMon 18 May 2026 12.25 EDTLast modified on Mon 18 May 2026 12.31 EDTSharePrefer the Guardian on GoogleNextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal,…
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