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 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 higher in the U.

The combined company will serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina.

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.

NextEra Energy's $66.8 billion deal to buy Dominion Energy is extending a utility dealmaking wave from 2025 into 2026, as power companies race to secure generation and ​transmission assets needed to meet surging electricity demand.

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

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.

A deal, involving the utilities in Florida and Virginia, would come as demand for power is soaring, largely because of the rapid growth of A.I. data centers.