Update: Dominion, NextEra To Merge In Massive All-Stock Deal
Dominion Energy and NextEra Energy have announced a merger in an all-stock deal. The combined entity will have a market capitalization exceeding $249 billion and a rate base of $138 billion. The merger includes provisions for $2.25 billion in bill credits for Dominion's customers over two years.
- ▪The combined company will have a market capitalization of more than $249 billion.
- ▪It is expected to have annual capital spending of about $59 billion from 2027 to 2032.
- ▪$2.25 billion in bill credits will be provided to Dominion's customers in Virginia, North Carolina, and South Carolina.
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