NextEra Will Buy Dominion Energy For $67 Billion As AI Spending Accelerates Ty Roush is a breaking news reporter based in New York City.May 18, 2026, 08:31am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineNextEra 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. Getty ImagesKey FactsNextEra 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.LOADING VIDEO PLAYER...FORBES’ FEATURED Video