NextEra Energy is in advanced talks to acquire Dominion Energy in a mostly stock transaction valued at roughly $50 billion.
The deal would expand NextEra’s footprint, adding Dominion’s Virginia‑based data‑center‑focused assets to its Florida Power & Light portfolio.
Both companies’ shares have risen this year, with NextEra up about 15% and Dominion up 4% YTD 2026.
The transaction requires antitrust and federal/state energy regulator approvals amid heightened U.S. openness to large corporate mergers.