NextEra Energy, Inc. (NYSE:NEE) is reportedly in discussions to combine with Dominion Energy, Inc. (NYSE:D) in a blockbuster deal that could create a roughly $400 billion utility powerhouse.
AI Data Center Boom Reshapes US Utility Industry
The proposed mostly stock-based transaction would unite two of the nation’s largest electricity providers as soaring power demand from AI data centers, industrial reshoring and electrification transforms the U.S. energy market, the Financial Times reported on Friday, citing people familiar with the matter.
If completed, the merger would rank among the largest corporate deals in history.
Dominion’s footprint in Virginia and the Carolinas would significantly expand Florida-based NextEra’s reach, particularly into Northern Virginia’s data center alley, a critical hub for AI infrastructure and cloud computing.
NextEra and Dominion did not immediately respond to Benzinga‘s requests for comment.
data-variant=”card”
data-news-mode=”manual”
>
This post was originally published here
