The country’s most valuable utility didn’t like offshore wind. But a proposed merger with Dominion would include a $11.4 billion project in Coastal Virginia.

The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.

The merger comes as utilities face pressure from increased manufacturing, electrification, and large load facilities such as data centers.

The $67-billion all-stock merger is a “no-brainer,” said NextEra CEO John Ketchum.

By Claudia Assis and Andrew Keshner