Nextera and Dominion Energy Join Forces to Form Global Utility Powerhouse

Nextera Energy and Dominion Energy are merging in an all-stock deal, creating the world's largest regulated electric utility. Dominion shareholders will receive 0.8138 Nextera shares for each Dominion share. The merger is expected to boost adjusted earnings per share, with significant growth projected through 2035.

Nextera Energy and Dominion Energy are set to merge, forming the world's largest regulated electric utility company. This strategic move creates North America's leading energy infrastructure platform, aimed at maximizing benefits for customers.

As part of the all-stock deal, Dominion Energy shareholders will receive 0.8138 shares of Nextera Energy for each Dominion share they own. Once the transaction closes, it is anticipated to be tax-free for shareholders and immediately accretive to adjusted earnings per share.

Nextera Energy will lead the combined company with John Ketchum as chairman and CEO. The merger targets over 9% growth in adjusted earnings per share annually through 2032, aiming for continued growth through 2035 based on 2025 expectations. Shareholders of Nextera and Dominion will hold approximately 74.5% and 25.5% of the new entity, respectively.