NextEra Energy and Dominion Energy agreed to an all-stock merger on May 18, 2026, saying the combined company would become the world’s largest regulated electric utility business and serve about 10 million customer accounts.
NextEra Energy and Dominion Energy have agreed to an all-stock merger that the companies say will create the world’s largest regulated electric utility business.
The companies announced the deal on May 18, 2026. They said the combined firm would serve about 10 million customer accounts and operate under the NextEra Energy name and ticker NEE.
The transaction still needs shareholder and regulatory approvals. The companies said both boards unanimously approved the agreement.
Deal terms
Reuters reported the transaction value at about $66.8 billion. The companies said the merger will combine regulated utility operations across Florida, Virginia, North Carolina and South Carolina.
The deal comes as utilities face growing electricity demand from data centers and artificial intelligence infrastructure. That demand backdrop has become a major theme in utility-sector dealmaking and investment.
What comes next
The companies said they expect closing in 12 to 18 months, assuming required approvals are secured. Until then, the merger remains subject to the normal review process for a transaction of this size.
The announcement marks a major step in the utility sector as companies position for a higher-demand power market.
Revision note
Initial automated publication.