NextEra Energy, one of the largest power companies in the United States, announced on Monday an all-stock deal to acquire Dominion Energy, according to a joint statement. The transaction is valued at approximately $78.4 billion, including debt, and is expected to close in 2027, pending regulatory approvals.
The combined company will have a market capitalization of over $200 billion and serve more than 10 million customers across 26 states, making it one of the largest utility operators in the country. The deal aims to accelerate investments in renewable energy and grid modernization to meet growing electricity demand from data centers and electric vehicles.
NextEra Energy CEO John Ketchum said the acquisition will 'create a stronger, more resilient energy company' and 'drive the transition to clean energy.' Dominion Energy CEO Robert Blue noted that the deal provides 'significant value for shareholders' and supports the company's net-zero emissions goals.
The acquisition is subject to approval by shareholders of both companies and regulatory bodies, including the Federal Energy Regulatory Commission and state utility commissions. Some analysts have raised concerns about potential antitrust issues and the impact on electricity prices for consumers.
