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NextEra, Dominion in talks to create $400 billion US utility, FT reports
NextEra, Dominion in talks to create $400 billion US utility, FT reports
By Reuters
May 15, 2026 8:34 PM EDT Updated 6 hours ago
May 15 (Reuters) - U.S. power firm NextEra Energy is in talks to combine with smaller Virginia-based utility Dominion Energy, a deal that would create a company valued at about $400 billion including debt, the Financial Times reported on Friday, citing sources.
The deal, expected to be structured largely as a stock transaction, could be announced as soon as next week, the report said. Discussions were ongoing, though the talks could still fall apart, it said.
Reuters could not immediately verify the report. The companies did not immediately respond to Reuters' requests for comment outside regular business hours.
{snip}
By Reuters
May 15, 2026 8:34 PM EDT Updated 6 hours ago
May 15 (Reuters) - U.S. power firm NextEra Energy is in talks to combine with smaller Virginia-based utility Dominion Energy, a deal that would create a company valued at about $400 billion including debt, the Financial Times reported on Friday, citing sources.
The deal, expected to be structured largely as a stock transaction, could be announced as soon as next week, the report said. Discussions were ongoing, though the talks could still fall apart, it said.
Reuters could not immediately verify the report. The companies did not immediately respond to Reuters' requests for comment outside regular business hours.
{snip}