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NextEra Energy to buy Dominion in deal that unites two key players in race to power AI data centers
NextEra Energy will buy Dominion Energy in an all-stock deal valued at nearly $67 billion, uniting two leading players in the race to meet growing electricity demand from data centers that run artificial intelligence.
AI Summary
NextEra Energy announced it will acquire Dominion Energy in an all‑stock transaction valued at nearly $67 billion. The deal brings together two major utilities that supply power to the expanding network of data centers driving artificial intelligence workloads. Dominion currently supplies electricity to the world’s largest data‑center market in northern Virginia. Dominion’s market capitalization exceeds $50 billion. The merger is positioned to strengthen both companies’ ability to meet the rising electricity demand from AI‑driven data centers.
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