{"id":17319,"date":"2026-05-18T13:58:40","date_gmt":"2026-05-18T13:58:40","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/18\/nextera-will-buy-dominion-in-a-66-8-billion-power-deal-amid-the-ai-boom-nbc-news\/"},"modified":"2026-05-18T13:58:40","modified_gmt":"2026-05-18T13:58:40","slug":"nextera-will-buy-dominion-in-a-66-8-billion-power-deal-amid-the-ai-boom-nbc-news","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/18\/nextera-will-buy-dominion-in-a-66-8-billion-power-deal-amid-the-ai-boom-nbc-news\/","title":{"rendered":"NextEra will buy Dominion in a $66.8 billion power deal amid the AI boom – NBC News"},"content":{"rendered":"

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NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world\u2019s largest regulated electric utility by market value, as U.S. utilities race to meet \u200bsurging demand from data centers fueling the artificial intelligence boom.
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The deal, one of the largest \u200cin the U.S. power industry, adds to a wave of consolidation as the rapid data-center buildout lifts power demand for the first time in two decades, opening up a lucrative revenue stream and boosting profit prospects.
This year, AES Corp agreed \u200bto be acquired by a consortium led by Global Infrastructure Partners and Swedish private-equity firm \u200bEQT AB for $33.4 billion. That followed Constellation Energy\u2019s $16 billion deal for Calpine and Blackstone\u2019s $11.5 \u2060billion deal for TXNM Energy last year.
NextEra is one of the world\u2019s largest energy developers and access \u200bto Dominion\u2019s portfolio would enable it to expand into the PJM Interconnection region and capitalize on opportunities \u200bin Virginia, one of the biggest data-center markets in the world.
The Florida-based company said it would exchange 0.8138 of its stock for each outstanding share of Dominion, valuing Dominion at $75.97 per share, a premium of about 23% to its last \u200bclose, according to Reuters calculations.
Shares of NextEra fell 2% in premarket trading, while Dominion stock jumped 14.7%.As of \u200bMarch 31, Dominion had $44.11 billion in total long-term debt.
The transaction builds on NextEra\u2019s efforts to tap into surging demand for \u200csupplying \u2060electricity to data centers being developed by Big Tech. Last year, the utility had signed an agreement with Alphabet\u2019s Google to reopen a nuclear power plant<\/a> in Iowa.
Virginia-based Dominion has nearly 51 gigawatts of contracted data-center capacity and counts Alphabet, Amazon, Microsoft, Meta, Equinix, CoreWeave and CyrusOne as its customers.
Dominion\u2019s Virginia service territory includes \u200bNorthern Virginia\u2019s \u201cData Center Alley,\u201d \u200bthe world\u2019s largest concentration \u2060of data centers and one of the fastest-growing electricity markets globally.
Still, the deal is likely to face intense scrutiny from regulators, consumer advocates and lawmakers \u200bconcerned about market concentration, electricity prices and grid reliability.
The transaction is expected \u200bto close in \u206012-18 months, subject to antitrust review, shareholder and regulatory approvals from the Federal Energy Regulatory Commission, Nuclear Regulatory Commission, and state utility regulators in Virginia, North Carolina and South Carolina.
U.S. power prices have risen by about \u206040% over \u200bthe past five years, according to the U.S. Energy Information \u200bAdministration, with double-digit increases over the past year in data-center hotspots like Virginia, Maryland, and Pennsylvania.Upon completion, NextEra CEO John Ketchum will \u200bserve as the top boss of the combined company.
Reuters
© 2026 NBCUniversal Media, LLC<\/p>\n

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news AlertsThere are no new alerts at this timeNextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world\u2019s largest regulated electric utility by market value, as U.S. utilities race to meet \u200bsurging demand from data centers fueling the artificial intelligence boom.Subscribe to read this story ad-free Get […]<\/p>\n","protected":false},"author":1,"featured_media":17320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-17319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/17319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=17319"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/17319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/17320"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=17319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=17319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=17319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}