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NextEra to Acquire Dominion in $67 Billion Deal
NextEra has agreed to purchase rival utility Dominion in a transaction valued at roughly $67 billion. The agreement ranks among the larger corporate deals announced this year.
May 18, 7:41 AM·1m read1 source
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NextEra has agreed to acquire rival utility Dominion in a transaction valued at roughly $67 billion. The deal is one of the largest announced this year.
The transaction combines two major utilities.
Officials at both companies are expected to seek required regulatory approvals.
The companies will proceed with integration planning once approvals are obtained. Further details on the transaction timeline have not yet been released.
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