NextEra Energy in Advanced Talks to Acquire Dominion Energy in $250 Billion Utility Deal

NextEra Energy is nearing a landmark acquisition of Dominion Energy in a deal valued at approximately $250 billion, according to reports from the Financial Times, Bloomberg, and the Wall Street Journal. The transaction, structured primarily in stock, could be announced as early as next week, pending regulatory approvals.

Dominion's Virginia service area, home to the world's largest concentration of data centers, presents a strategic growth opportunity with power demand projected to rise over 5% annually. NextEra's stock has surged 15% year-to-date, while Dominion has seen a modest 4% gain, though both dipped 2% Friday amid broader market weakness.

The combined entity would dominate the U.S. utility sector, creating an unparalleled infrastructure giant. Antitrust regulators and energy authorities must still greenlight the deal, which would reshape power markets from Florida to Virginia.