
NextEra Energy on Monday, May 18, 2026 announced an all-stock agreement to acquire Dominion Energy in a transaction valued at nearly $67 billion, creating the largest regulated electric utility in the world by market capitalisation. The deal pairs Florida-based NextEra — the leading US renewables and battery-storage developer — with Richmond-based Dominion, the utility that powers the Northern Virginia data-centre cluster that already consumes about 25 per cent of all US data-centre electricity. NextEra shareholders will own 74.5 per cent of the combined company, Dominion holders 25.5 per cent, and CEO John Ketchum will lead the merged group while Dominion CEO Robert Blue takes over its regulated utilities and a board seat.

World · May 19 · L1-L4
Tech · May 18 · L1-L4