NextEra Energy to acquire Dominion in a $67 billion utility deal
The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.
Updated on: May 18, 2026 / 9:15 AM EDT / CBS News
NextEra Energy said Monday it will acquire Dominion Energy in an all-stock deal valued at about $67 billion, combining two major utilities as electricity demand surges from AI and data center growth.
The all-stock transaction will create the "largest regulated electric utility" in the world, the companies said Monday. NextEra Energy shareholders will own approximately 74.5% of the company while Dominion shareholders will own 25.5%.
The announcement comes as technology companies race to build data centers across the country to support the AI boom, driving up electricity demand at a time when consumers are already facing higher energy costs .
Electricity costs rose 6.1% in April from a year earlier, according to the latest inflation data.