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.
The deal, one of the largest in the U.S. power industry, adds to a wave of consolidation as the rapid data-center buildout lifts power demand for the first time in two decades, opening up a lucrative revenue stream and boosting profit prospects.
