Dominion energy stock jumped 11 per cent on Monday to its highest since November 2022. NextEra shares fell 2.6 per cent. Dominion Energy exec said following merger with Nextera, combined company expects annual capex of $59 billion from 2027 to 2032. Nextera exec sees opportunity to more than double combined company's generation fleet with 260 gigawatt of installed capacity by 2032. Nextera exec says following merger with dominion combined company will have a 130 gigawatt data center pipeline.
NextEra Energy is buying 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.
