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NextEra Energy strikes $66.8 billion deal for Dominion in bets on AI power demand

NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world's largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fuelling the artificial ​intelligence boom.

Verified ContextSource-linkedAtlasHour DeskUpdated18 May, 11:34 amAI summary checked for clarity

What happened

NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world's largest regulated electric utility by market value, as U.S.

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The story is being tracked through Global Equities.

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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Reuters

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