Power Companies Agree to Largest U.S. Utility Merger

U.S. electricity providers have agreed to a merger that would create the largest utility company in the country by customer count and generation capacity.

The transaction would combine the two firms into a single entity serving more than 20 million customers across multiple states. Financial details of the agreement were not disclosed in the initial announcement. The companies said the merger is subject to regulatory approval from federal and state agencies. Completion is expected to take 12 to 18 months.

Electricity demand has risen sharply in recent years due to data center expansion and manufacturing growth. Industry analysts have noted increased merger activity among utilities as companies seek scale to meet infrastructure needs. The deal marks one of the largest transactions in the sector since deregulation began in the late 1990s.

Both companies operate in regions experiencing rapid load growth from technology and industrial projects.