NextEra Energy to Combine With Dominion Energy in All-Stock Deal
18 maj, 16:27
10:27 AM EDT, 05/18/2026 (MT Newswires) -- NextEra Energy (NEE) and Dominion Energy (D) agreed to merge in all-stock deal to create the largest regulated electric utility in the world.
Shareholders of Dominion will receive 0.8138 of NextEra's shares for each share owned, giving them a 25.5% stake in the combined entity, the companies said in a joint statement Monday. NextEra's shareholders will own about 74.5% of the merged company.
Dominion's stock climbed 11% in Monday trade, while NextEra's declined 4.4%.
The transaction creates the world's largest electric utility business by market capitalization that would serve about 10 million customer accounts in Florida, Virginia, North Carolina and South Carolina. It would own 110 gigawatts of generation across energy sources, the companies said.
"We are bringing NextEra Energy and Dominion Energy together because scale matters more than ever - not for the sake of size, but because scale translates into capital and operating efficiencies,"NextEra Chief Executive John Ketchum said in the statement. "This combination creates a stronger company for customers and a stronger long-term value proposition for shareholders."
The transaction, which requires approval from regulators and clearance from both companies'shareholders, is expected to complete in the next 12 months to 18 months. Following completion, the combined entity will operate under the NextEra Energy name and trade on the New York Stock Exchange under the NEE ticker.
Ketchum will serve as chairman and CEO of the merged company, while Dominion CEO Robert Blue will lead regulated utilities.
"This combination brings together two strong operating platforms and creates an even stronger energy partner for Virginia, North Carolina, South Carolina and Florida, with the scale and balance sheet to deliver the generation, transmission and grid investments our customers and economies need,"according to Blue.
The companies plan to offer $2.25 billion in bill credits for Dominion customers in Virginia, North Carolina and South Carolina over a two-year period after the deal completes. The deal is estimated to increase adjusted earnings per share by more than 9% through 2032.
In the beginning of May, Dominion announced better-than-expected first-quarter results. NextEra reported first-quarter adjusted EPS above market estimates in April, but revenue fell short of expectations.
Price: 89.16, Change: -4.20, Percent Change: -4.50
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NextEra Energy to Combine With Dominion Energy in All-Stock Deal
18 maj, 16:27
10:27 AM EDT, 05/18/2026 (MT Newswires) -- NextEra Energy (NEE) and Dominion Energy (D) agreed to merge in all-stock deal to create the largest regulated electric utility in the world.
Shareholders of Dominion will receive 0.8138 of NextEra's shares for each share owned, giving them a 25.5% stake in the combined entity, the companies said in a joint statement Monday. NextEra's shareholders will own about 74.5% of the merged company.
Dominion's stock climbed 11% in Monday trade, while NextEra's declined 4.4%.
The transaction creates the world's largest electric utility business by market capitalization that would serve about 10 million customer accounts in Florida, Virginia, North Carolina and South Carolina. It would own 110 gigawatts of generation across energy sources, the companies said.
"We are bringing NextEra Energy and Dominion Energy together because scale matters more than ever - not for the sake of size, but because scale translates into capital and operating efficiencies,"NextEra Chief Executive John Ketchum said in the statement. "This combination creates a stronger company for customers and a stronger long-term value proposition for shareholders."
The transaction, which requires approval from regulators and clearance from both companies'shareholders, is expected to complete in the next 12 months to 18 months. Following completion, the combined entity will operate under the NextEra Energy name and trade on the New York Stock Exchange under the NEE ticker.
Ketchum will serve as chairman and CEO of the merged company, while Dominion CEO Robert Blue will lead regulated utilities.
"This combination brings together two strong operating platforms and creates an even stronger energy partner for Virginia, North Carolina, South Carolina and Florida, with the scale and balance sheet to deliver the generation, transmission and grid investments our customers and economies need,"according to Blue.
The companies plan to offer $2.25 billion in bill credits for Dominion customers in Virginia, North Carolina and South Carolina over a two-year period after the deal completes. The deal is estimated to increase adjusted earnings per share by more than 9% through 2032.
In the beginning of May, Dominion announced better-than-expected first-quarter results. NextEra reported first-quarter adjusted EPS above market estimates in April, but revenue fell short of expectations.
Price: 89.16, Change: -4.20, Percent Change: -4.50
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