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Wajeeh Khan

NextEra Energy to Buy Dominion in $67 Million Deal. What It Means for D Stock.

NextEra Dominion NextEra Energy Dominion Energy NEE

Dominion Energy (D) stock ripped higher on Monday after NextEra Energy (NEE) announced a definitive agreement to acquire the Richmond, Virginia-headquartered firm for nearly $67 billion. 

The deal combines two of America’s largest regulated utilities, creating a far bigger platform with the scale and balance-sheet strength to address the artificial intelligence (AI)-driven increase in power demand. 

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