Dominion Energy in the news as a potential merger target in a $67B all-stock deal with NextEra; a major U.S. power utility based in Richmond, VA.
The US Interior Department announced that TotalEnergies will receive nearly $928 million to cancel offshore wind leases off North Carolina and New York. The company will instead invest in US fossil fuel projects, including a liquefied natural gas plant in Texas, reflecting a shift away from renewable energy under the current administration.
Today NextEra Energy has announced a definitive agreement to combine with Dominion Energy in a roughly $67bn all‑stock deal that will create the world’s largest regulated electric utility by market cap. The combined company will serve about 10 million customer accounts across Florida, Virginia, North Carolina and South Carolina and will be majority‑owned by NextEra shareholders.