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NextEra to buy Dominion in $67bn deal creating US utility giant

Deal would create largest regulated US utility, serving 10 million customers as AI-driven demand for power surges

NextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal, creating what the companies say will be the world’s largest regulated utility business.

The deal comes as the appetite for energy sources has swelled with the construction of massive datacenters across the country, built largely to supply rising demand for AI.

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May 18, 2026 Business Energy Utilities

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