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Market Chatter: NextEra Energy Seeks to Acquire Dominion Energy for $66 Billion

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NextEra Energy (NEE) is potentially seeking to acquire Dominion Energy (D) for about $66 billion in a mostly-stock deal, in what would be the largest deal in the power sector on record, Bloomberg reported at the weekend, citing sources familiar with the matter.

The deal could be announced as soon as Monday and would involve NextEra giving 0.8 shares for each Dominion share. There would also be a supplementary cash component to the transaction, the article said.

Sources asked not to be identified because details have not been made public, they said.

The transaction would mean that NextEra shareholders would own 75% of the newly-formed enterprise, the sources said.

According to Bloomberg's own estimates, the deal would value Dominion at about $116 billion, including debt, and make it the biggest merger deal in 2026 so far with the exception of SpaceX's merger with xAI.

The sources said no decision has been made and that the deal did not yet look certain to proceed.

Representatives for NextEra and Dominion did not immediately respond to Bloomberg requests for comment.has reached out to both companies seeking comment.

The article noted that there is now a merger wave in a "once-sleepy power sector" spurred by strong growth in demand for power after years of stagnation.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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