MergerMay 18, 2026, 08:16 AM
NextEra Energy to acquire Dominion Energy in $360M cash & stock deal
AI Summary
Dominion Energy, Inc. has entered into a definitive Agreement and Plan of Merger with NextEra Energy, Inc. Under the terms, Dominion Energy shareholders will receive 0.8138 shares of NextEra Energy common stock and a pro rata share of an aggregate $360 million in cash for each Dominion Energy share. This combination aims to create the world's largest regulated electric utility business, operating under the NextEra Energy name, and is expected to be immediately accretive to NextEra Energy's adjusted earnings per share. The merger also includes commitments for $2.25 billion in bill credits for Dominion Energy customers and the appointment of four Dominion Energy representatives to NextEra Energy's board.
Key Highlights
- Dominion Energy to merge with NextEra Energy in an all-stock transaction plus $360M cash consideration.
- Dominion Energy shareholders will receive 0.8138 shares of NextEra Energy common stock per share.
- Dominion Energy shareholders will also receive a pro rata share of an aggregate $360 million cash consideration.
- The combined entity will form the world's largest regulated electric utility business, serving ~10 million customer accounts.
- NextEra Energy will expand its board to 14 members, appointing four from Dominion Energy's current board or executive management.
- The combined company commits to $2.25 billion in bill credits for Dominion Energy customers over two years post-close.
- The transaction is expected to be tax-free to shareholders and immediately accretive to NextEra Energy's adjusted EPS.
- The combined company anticipates approximately 11% annual growth in regulatory capital employed through 2032.
Price Impact
More from D