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12 hours ago

NextEra bets $66.8B on AI power boom with Dominion Energy acquisition

NextEra Energy is making a massive $66.8 billion bet that America’s artificial intelligence boom will drive a historic surge in electricity demand, announcing plans to acquire Dominion Energy in a blockbuster utility deal that would create the world’s largest regulated utility by market value.The combined company would serve roughly 10 million customer accounts across Florida, Virginia, North Carolina and South Carolina and operate about 110 gigawatts of generation capacity. The transaction is structured as an all-stock deal.The acquisition would give Florida-based NextEra a major foothold in...