NextEra Energy and Dominion Energy signed a definitive agreement to merge in an all-stock transaction. The deal creates the world’s largest regulated electric utility.
The combined company will serve approximately 10 million customers across Florida and several mid-Atlantic states. It will operate 110 gigawatts of generation capacity.
Dominion Energy shareholders will receive 0.8138 shares of NextEra Energy for each share owned. NextEra Energy shareholders will own approximately 74.5% of the combined entity. Dominion Energy shareholders will hold the remaining 25.5%.
The merger leverages scale to manage the transition to clean energy. The combined entity aims to meet rising power demand through operational efficiencies.
The transaction is expected to close in the second half of 2027. Completion remains subject to shareholder and regulatory approvals.