Topline
NextEra Energy on Monday announced it would acquire rival Dominion Energy in a deal valued at nearly $67 billion, combining two of the largest utility firms in the U.S., as electricity demand is expected to accelerate over the next decade while more companies pour funds into AI infrastructure.
A deal would combine two of the largest U.S. utility firms.
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Key Facts
NextEra will exchange about eight-tenths of a share of its stock for each outstanding share of Dominion in a deal that values NextEra’s rival at about $66.8 billion, both companies announced Monday.
This is a developing story.