NextEra Energy Is Said to Be in Talks to Acquire Dominion

NextEra Energy Inc. is in discussions to acquire utility rival Dominion Energy Inc. in a mostly stock deal aimed at helping address the growing demand for power from data centers, according to a person familiar with the matter.

A transaction could be announced as soon as Monday, said the person, who asked not to be identified because the information was private. Richmond, Virginia-based Dominion has gained 5.4% since Jan. 1 for a market value of about $54 billion, while Florida-based NextEra’s shares are up 16% this year, giving it a market value of $195 billion.