NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world's largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fuelling the artificial ​intelligence boom.

NextEra Energy Inc.’s $67 billion deal for rival Dominion Energy Inc., the largest utility acquisition in US history, suggests even the industry’s biggest companies need to grow in order to accommodate the power demand driven by artificial intelligence.

NextEra Energy will acquire Dominion Energy in a deal valued at nearly $67 billion. Dominion Energy dominates North Virginia, home to the largest number of data centers. Dominion projects huge growth in power demand.

NextEra Energy will buy Dominion Energy in an all-stock transaction valued at about $66.8 billion, creating the world's largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fueling the artificial intelligence boom.

The combined business, which will operate under the NextEra name, will serve 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina, and

NextEra Energy on Monday announced it would acquire rival Dominion Energy in a deal valued at nearly $67 billion, combining two of the largest utility firms in the U.S., as electricity demand is expected to accelerate over the next decade while more companies pour funds into AI infrastructure.

Dominion powers the world's largest data center market in Northern Virginia. NextEra is the biggest renewable energy developer in the U.S.

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand