Dominion Energy and NextEra Energy said Monday they would combine in an all-stock transaction to create the US’ largest regulated utility holding company, a strategic move aimed at lowering costs as the industry targets staggering demand growth from data centers.
AI Demand Drives Megamerger of Utilities NextEra, Dominion
The $66.8 billion combination, which follows several other high-profile utility mergers, gives NextEra a foothold in Virginia's growing data center and battery storage markets.
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