NextEra Energy will merge with Dominion Energy, creating a $300 billion utility serving 10 million customers in high-growth US regions.
NextEra Energy agreed to combine with Dominion Energy in a $67 billion transaction, forming the world’s largest regulated electric utility. The deal will create North America’s premier energy infrastructure platform with an enterprise value exceeding $300 billion.
NextEra, already the largest US utility by enterprise value, will expand its customer base to 10 million across four of the country’s fastest-growing states. The merger aims to leverage cost synergies and scale advantages similar to ExxonMobil’s industry-leading model in the oil sector.
The combined entity will focus on regulated electric operations and energy infrastructure, positioning itself as a leader in the transition to lower-carbon energy solutions.