MergerMay 18, 2026, 07:42 AM
NextEra Energy to Merge with Dominion Energy, Creating World's Largest Utility
AI Summary
NextEra Energy, Inc. and Dominion Energy, Inc. announced a definitive agreement to combine in an all-stock transaction, creating the world's largest regulated electric utility business. Dominion Energy shareholders will receive 0.8138 shares of NextEra Energy common stock and a pro rata share of $360 million in cash for each share they own. The merger is expected to be immediately accretive to adjusted earnings per share and includes a proposed $2.25 billion in bill credits for Dominion Energy's customers.
Key Highlights
- Dominion Energy shareholders to receive 0.8138 shares of NextEra Energy and a pro rata share of $360 million cash.
- NextEra Energy shareholders will own approximately 74.5% and Dominion Energy shareholders 25.5% of the combined company.
- The combined entity will serve approximately 10 million utility customer accounts and own 110 GW of generation.
- The transaction is expected to be immediately accretive to adjusted earnings per share at closing.
- Combined company expects 9%+ adjusted EPS growth through 2032 and 11% annual growth in regulatory capital employed.
- NextEra Energy proposes $2.25 billion in bill credits for Dominion Energy customers over two years post-close.
- The combined company will maintain dual headquarters in Juno Beach, FL, and Richmond, VA, with an operational HQ in Cayce, SC.
- Transaction unanimously approved by both boards and expected to close in 12-18 months, subject to approvals.
Price Impact
More from NEE