NextEra Energy Inc. is in advanced talks to acquire Dominion Energy Inc. through a primarily stock-based transaction. The combined enterprise value of the new utility entity would reach approximately $400 billion including debt.
Surging electricity demand from the artificial intelligence boom and data center expansion drives the potential merger. The acquisition provides NextEra a strategic foothold in Northern Virginia’s Data Center Alley. NextEra currently maintains its position as the largest U.S. utility by market value and a leader in renewable energy.
An official announcement may occur as early as Monday, May 18, 2026. Negotiations remain ongoing and could still collapse before a final agreement. Market reactions remain muted pending formal confirmation of the deal.