Energy
NextEra to Buy Dominion for $67 Billion to Form Power Giant
Dominion serves 3.6 million homes and businesses in Virginia, North Carolina and South Carolina.
Photographer: Minh Connors/BloombergNextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia.
The deal would give NextEra a swathe of electricity assets stretching across Virginia and the Carolinas and position it as a dominant utility in a region that’s struggling to meet the surge in demand from newly built artificial intelligence facilities.