The insatiable energy demand of artificial intelligence represents a structural shift in the global economy. This shift forces a clear separation between utility operators capable of scaling to meet the needs of hyperscale data centers and operators that will be left behind.
NextEra Energy's (NYSE: NEE) agreement to acquire Dominion Energy Inc. (NYSE: D) in a $67 billion all-stock transaction represents a response to this reality. This strategic acquisition secures the single most critical power infrastructure chokepoint for the artificial intelligence revolution.