"Analysts say the AI-driven demand supercycle for electricity is spurring an infrastructure boom."
"NextEra Energy agreed to buy Dominion Energy in a roughly $67 billion deal that would create the largest power company in the U.S., underscoring the energy industry’s pursuit of scale and capital to meet growing electricity demand from U.S. tech companies.
The deal, which is subject to state and federal regulatory approvals, would create a power behemoth on par with the world’s largest oil companies. The combined company would have an estimated market capitalization of $250 billion, making it the third-largest U.S. energy company behind Exxon Mobil and Chevron.
In purchasing Richmond, Virginia-based Dominion, NextEra is acquiring a utility at the heart of America’s data center boom. Virginia is home to the world’s largest collection of energy-hungry data centers for cloud computing and artificial intelligence. Dominion’s steadily added more tech industry customers in recent quarters."
Benjamin Storrow and Adam Aton report for E&E News May 18, 2026.
SEE ALSO:
"Rising Energy Prices and Data Centers Are at Center of a Utility Deal" (New York Times)
https://www.nytimes.com/2026/05/19/business/energy-environment/nextera-d...
