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May 19, 2026

NextEra, Dominion want to create a massive power company as AI drives energy demand in the US

  • The $67 billion merger would create the world's biggest regulated electric utility, serving 10 million customer accounts from Virginia to Florida.
    • By MICHELLE CHAPMAN
    AP Business Writer

    NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U.S.

    It is one of the biggest proposed mergers so far this year and would create the world's biggest regulated electric utility business by market capitalization, the companies said on Monday.


     
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