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NextEra to Acquire Dominion in $67 B Deal, Forming Largest Utility

5/19/2026

Summary

NextEra Acquires Dominion

NextEra Energy announced an all-stock acquisition of Dominion Energy valued at about $67 billion.
Dominion shareholders will receive 0.8138 NextEra shares per Dominion share plus $360 million cash, giving them 25.5% of the combined company.
The merger will create the largest regulated electric utility serving 10 million customers in Florida, Virginia, North Carolina and South Carolina.
It will provide $2.25 billion in bill credits over two years and close in 12-18 months pending approval.

Summary

NextEra Seeks Approval

The merger must clear an antitrust review by the Department of Justice.
The Federal Energy Regulatory Commission, the Nuclear Regulatory Commission, and shareholders must approve the deal.
State utility commissions in Virginia, North Carolina, and South Carolina must sign off before closing.
If any regulator blocks the deal, NextEra faces a $4.83 billion breakup fee.
The companies have a twelve-to-eighteen-month window to obtain all required approvals.

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NextEra Acquires Dominion

NextEra Energy announced an all-stock acquisition of Dominion Energy valued at about $67 billion.
Dominion shareholders will receive 0.8138 NextEra shares per Dominion share plus $360 million cash, giving them 25.5% of the combined company.
The merger will create the largest regulated electric utility serving 10 million customers in Florida, Virginia, North Carolina and South Carolina.
It will provide $2.25 billion in bill credits over two years and close in 12-18 months pending approval.

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