NextEra Energy to Acquire Dominion Energy in $67 Billion Utility Deal Amid AI Power Demand Surge

NextEra Energy ($NEE) agreed to acquire Dominion Energy ($D) in an approximately $67 billion all-stock deal, creating the largest power utility acquisition in U.S. history as electricity demand from AI data centers accelerates. Dominion shares surged roughly 15% in premarket trading Monday, while NextEra fell about 2%.

• NextEra said it will pay about $76 per Dominion share.
• The combined company would control major utility and transmission assets across Florida, Virginia and the Carolinas, including territory tied to fast-growing AI data center demand.
• Dominion serves 3.6 million electricity customers and operates within the PJM Interconnection grid region, which includes Northern Virginia’s large concentration of AI infrastructure.
• Dominion has recently lobbied on data center issues, transmission policy, offshore wind, nuclear procurement, permitting reform and grid reliability initiatives.
• NextEra lobbying disclosures show activity tied to clean energy tax credits, grid infrastructure and energy production incentives.
• The acquisition is expected to face review from state regulators, FERC and the Department of Justice.

Relevant Companies

• NextEra Energy ($NEE) – The company is acquiring Dominion to expand its regulated utility and power infrastructure footprint.
• Dominion Energy ($D) – Dominion shareholders are set to receive stock consideration under the deal.
• Duke Energy ($DUK) – The merger increases consolidation pressure among major U.S. regulated utilities serving growing AI-related electricity demand.

Editor’s Note: This is a developing story. This article may be updated as more details become available.