NextEra Energy has agreed to acquire Dominion Energy in an all-stock transaction valued at about $66.8 billion, a deal that would create the world's largest regulated electric utility by market value as electricity demand climbs sharply across the United States.
The agreement comes as utilities across the country expand capacity to meet surging consumption from data centers built to support artificial intelligence systems, NBC News reported. Electricity demand, which had been relatively flat for nearly two decades, has begun rising again as tech companies accelerate large-scale infrastructure projects tied to computing and cloud services. Similar pressure is being felt globally, including in Europe, where energy security concerns have intensified since disruptions linked to the Russia–Ukraine war reshaped fuel and power markets.
