NextEra Energy announced it will acquire Dominion Energy through an all‑stock transaction valued at roughly $67 billion, creating the world’s largest regulated electric utility. The merger will bring the combined entity’s market value to about $249 billion and an enterprise value near $420 billion, positioning it as the third‑largest company in the energy sector after Exxon Mobil and Chevron.

Dominion, a key supplier of power to the northern Virginia data‑center hub, will be absorbed into NextEra’s extensive portfolio, which already includes renewable projects, natural gas plants, and nuclear facilities. The deal is aimed at meeting the surging electricity demand from artificial‑intelligence and other data‑center operations.

Under the terms of the agreement, NextEra shareholders will hold 74.5 % of the combined company, while Dominion investors will own 25.5 %. The merged entity will continue to trade under the NextEra ticker on the New York Stock Exchange.

John Ketchum, NextEra’s CEO, emphasized the importance of scale, noting that “electricity demand is rising faster than it has in decades.” He also outlined plans to build more than 30 data‑center hubs across the United States to support the growing needs of large‑load customers.

Dominion’s CEO Robert Blue will become chief executive of the regulated utilities segment and will sit on the board of the new company, while Ketchum will retain the CEO role for the merged organization. The partnership will cement the combined company’s status as a global leader in renewable energy and battery storage, the U.S. leader in natural gas generation, and the second‑largest nuclear power provider worldwide.