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Conor Harrison, Associate Professor of Economic Geography, University of South Carolina

How Wall Street is shifting electric utilities toward consolidation and profit

Electricity Wall Street NextEra NextEra Energy Mergers Dominion United States Dominion Energy The United States
What's driving electric utility companies to merge? jayk7/Moment via Getty Images

A corporate merger that would form the largest electric utility in the United States is underway. It’s just one of many recent utility mergers and acquisitions as electric utilities enter a period of rapid growth.

On May 18, 2026, NextEra Energy announced it would buy Dominion Energy for US$66.8 billion.

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