Home - CBSNews.com | NextEra Energy to acquire Dominion in a $67 billion utility deal

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NextEra Energy announced an all‑stock acquisition of Dominion Energy valued at roughly $67 billion, creating the world’s largest regulated electric utility. Under the deal, NextEra shareholders will own about 74.5% and Dominion shareholders 25.5%, with the combined company—still called NextEra Energy—expected to serve around 10 million customers across Florida, Virginia, North Carolina and South Carolina once it closes in mid‑to‑late 2027. The merger is driven by surging electricity demand from AI and data‑center growth, as electricity costs rose 6.1 % in April year‑over‑year. To ease the impact on customers, the firms pledged $2.25 billion in bill credits for Dominion customers in Virginia, North Carolina and South Carolina over two years, though consumer‑advocacy group Clean Virginia warned the credits are a one‑time payout and cautioned that without a reduction in the utility’s allowed return on equity, long‑term rates could still rise.

Read more: https://www.cbsnews.com/news/nextera-dominion-67-billion-deal-ai-data-centers/

#NextEraEnergy #DominionEnergy #CleanVirginia #florida #Artificialintelligence

qwant news | Altman jury unanimously rejects Elon Musk's claims against Sam Altman; the judge dismisses two additional claims citing the statute of limitation

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A federal jury in California unanimously rejected Elon Musk’s lawsuit against OpenAI CEO Sam Altman, finding that Musk’s claims were untimely and barred by the statute of limitations; the judge also dismissed two additional claims for the same reason, effectively ending Musk’s high‑profile legal challenge to OpenAI.

Read more: https://www.techmeme.com/260518/p32

#ElonMusk #SamAltman #LinusTorvalds #OpenAI #NextEraEnergy #DominionEnergy #CNBC #TheVerge

NPR Topics: Home Page Top Stories | Why you should care about 2 power companies merging. Hint: affordability by Stephan Bisaha

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Utility giant NextEra Energy announced plans to acquire Dominion Energy in a roughly $67 billion deal that would combine two of the nation’s largest power producers across Florida, Virginia, North Carolina and South Carolina. The merger comes as electricity demand soars—driven largely by AI‑powered data centers—and residential rates have already risen about 7 percent nationally, with spikes of over 12 percent in Virginia. While NextEra’s CEO says the larger scale and efficiencies will eventually deliver cheaper power and the company has pledged $2.25 billion in bill credits for Dominion customers, consumer advocates and analysts warn that past mergers have led to higher bills, and that factors such as natural‑disaster damage and the unpredictable growth of data‑center electricity use could still push rates upward. The deal now faces federal and state approvals and is expected to take 12‑18 months before it is finalized.

Read more: https://www.npr.org/2026/05/18/nx-s1-5825871/electricity-prices-nextera-dominion-merger-utilities

#NextEraEnergy #DominionEnergy #JohnKetchum #ShelbyGreen #

PBS NewsHour - The Latest | NextEra seeks Dominion to create massive power company as AI drives energy demand by Michelle Chapman, Associated Press

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NextEra Energy announced an all‑stock acquisition of Dominion Energy valued at roughly $67 billion, a merger that would create the world’s largest regulated electric‑utility by market capitalization and serve about 10 million utility customers across Florida, Virginia, North Carolina and South Carolina. Dominion, based in Richmond, powers hundreds of data centers and provides electricity to 3.6 million homes and businesses plus natural‑gas service to 500,000 customers, while NextEra’s Florida Power & Light supplies electricity to roughly 12 million Floridians and recently expanded its partnership with Google Cloud to build new data‑center campuses. The deal, driven by rising AI‑related energy demand, offers Dominion shareholders 0.8138 NextEra shares per Dominion share, a continuing dividend and a one‑time $360 million cash payment; post‑transaction ownership will be 74.5 % NextEra and 25.5 % Dominion, with NextEra CEO John Ketchum becoming chairman and CEO of the combined company. The merged entity will retain dual headquarters in Juno Beach, FL, and Richmond, VA, trade under the “NEE” ticker, and is expected to close within 12‑18 months pending shareholder and regulatory approvals, including from the Nuclear Regulatory Commission.

Read more: https://www.pbs.org/newshour/nation/nextera-seeks-dominion-to-create-massive-power-company-as-ai-drives-energy-demand

#NextEraEnergy #DominionEnergy #JohnKetchum #NuclearRegulatory #FloridaPower #AI #Datacenters #mergersandacquisitions #powercompany

NextEra to buy Dominion for $67 billion, betting on AI power demand

NextEra Energy will buy Dominion Energy for $66.8 billion, creating the world's largest regulated electric utility by market value, as US utilities race to meet surging demand from data centers fueling the AI boom. #News #Reuters #Newsfeed #nextera #dominionenergy #deals #artificialintelligence #datacenter #electric #utility Read the story here: 👉 Subscribe: Keep up with the latest news from around the…

https://fllics.com/en/video/nextera-to-buy-dominion-for-67-billion-betting-on-ai-power-demand/

US Top News and Analysis | Stocks making the biggest moves premarket: Regeneron, Dominion Energy, Macy's & more

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The pre‑market move roundup highlights several notable shifts: Regeneron Pharmaceuticals slumped over 11% after its skin‑cancer treatment missed late‑stage trial goals, while Macy’s shares rose nearly 4% following a regulatory filing showing Berkshire Hathaway’s modest $55 million stake. Dominion Energy surged more than 12% as NextEra Energy announced an all‑stock acquisition to create the world’s largest regulated utility, and Bio‑Rad Laboratories jumped 13% after a report that Elliott Investment Management built a sizable, undisclosed stake. Arm Holdings dipped 1% amid a Bloomberg report of an FTC probe into potential chip‑market monopolization. Delta Air Lines edged up over 1% after Berkshire disclosed a $2.6 billion position, whereas UnitedHealth fell over 3.5% after Berkshire sold shares. Salesforce fell 1% when Bank of America reinstated an under‑perform rating, citing an AI‑driven structural reset, while ServiceNow rose more than 4% after the bank upgraded it to a buy on AI benefits. Coinbase and Robinhood both retreated after Bitcoin dropped below $27,000, and Ford Motor jumped over 6.5% after its Ford Energy unit secured a five‑year agreement to produce up to four gigawatt‑hours of battery storage annually, with deliveries expected in 2028.

Read more: https://www.cnbc.com/2026/05/18/stocks-making-the-biggest-moves-premarket-regn-d-m-and-more.html

#Regeneron #DominionEnergy #Macys #BerkshireHathaway #NextEraEnergy #BioRad #ElliottManagement #ArmHoldings #FTC #Delta #

Nach Gerichtsentscheidungen dürfen in den #USA mehrere #Offshore-#Windparks weitergebaut werden, nachdem die #Trump-Regierung deren Arbeiten aus angeblichen Sicherheitsgründen gestoppt hatte.

Projekte von #Ørsted, #Equinor und #DominionEnergy im Atlantikraum sind teils weit fortgeschritten und sollen bis Ende 2026 mehrere Gigawatt #Windstrom liefern.

Die Unterbrechungen hatten Millionenverluste verursacht und die #Stromversorgung an der US-Ostküste gefährdet.

https://www.canarymedia.com/articles/offshore-wind/american-offshore-wind-farms-court-victories

Billions at Stake in the Ocean as Trump Throttles Offshore Wind Farms

https://fed.brid.gy/r/https://www.nytimes.com/2026/01/10/climate/billions-at-stake-in-the-ocean-as-trump-throttles-offshore-wind-farms.html

Drei Offshore-#Windkraftentwickler verklagen die #Trump-Regierung, nachdem das Innenministerium am 22. Dezember 2025 den Bau von fünf Projekten mit einem Gesamtwert von 25 Milliarden US-Dollar gestoppt hat.

Die Anlagen sollten zusammen 6 Gigawatt Strom erzeugen. Betroffen sind unter anderem #Ørsted, #Equinor und #DominionEnergy.

Als Begründung nennt das Ministerium Sicherheitsbedenken wegen möglicher #Radarstörungen durch #Windkraftanlagen.

https://techcrunch.com/2026/01/05/offshore-wind-developers-sue-trump-administration-for-halting-25b-in-projects/

#Klimapolitik #USA