NextEra and Dominion explore merger deal worth more than $400bn

• 18 May 2026
• Corporate, Windfarms
• Nick Hood

NextEra Energy is reportedly exploring a merger with Dominion Energy in a deal that could create one of the largest utility groups in the United States.

According to reports from the Financial Times and Reuters, discussions between the two companies are focused on a largely stock-based transaction that could value the combined business at more than $400bn, including debt.

The potential deal would expand NextEra’s position across US power markets while adding Dominion’s regulated utility operations and significant presence in Virginia.

Growing electricity demand linked to artificial intelligence infrastructure, data centres, and broader electrification trends continues to drive investment and consolidation across the US energy sector.

Neither company has publicly confirmed the discussions.

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