NextEra Energy plans to acquire Dominion Energy in an all-stock deal valued at approximately $67 billion, creating the largest regulated electric utility by market capitalization. The merger aims to meet the growing electricity demand from data centres, particularly for AI technologies. Dominion shareholders will receive 0.8138 shares of NextEra per share held, while NextEra’s CEO will lead the combined entity, which will operate dual headquarters in Florida and Virginia. The deal is subject to shareholder and regulatory approvals and is expected to close within 12 to 18 months.
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