NextEra to acquire Dominion in $66.8 billion deal to power America’s AI expansion
NextEra Energy will buy Dominion Energy in an all-stock deal valued at about $66.8 billion, creating the world’s largest regulated electric utility by market value, reported Reuters. The deal comes as US power companies rush to meet soaring electricity demand from artificial intelligence data centers and cloud computing operations.
The acquisition ranks among the biggest deals ever in the American power sector. It also adds to a growing wave of consolidation in the utility industry as companies try to expand electricity generation and transmission capacity to serve major technology firms.
