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NextEra Shareholders Almost Unanimously Back Merger With Dominion

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NextEra Energy (NEE) shareholders have backed a merger with industry peer Dominion (D), according to a message from NextEra Chief John W. Ketchum to staff on Thursday, adding that Dominion shareholders have also given their support to the deal.

A NextEra filing to the US Securities and Exchange Commission showed that 99.47% of shareholder votes were cast in favor of the merger.

Ketchum said there were a number of state and federal regulatory clearances yet to obtain, likely placing the deal's closure in H2, 2027, until which time the two companies would remain separate and independent.

Both companies reported strong power demand growth in their recent earnings reports, including from data center projects.

Price: $84.02, Change: $-0.05, Percent Change: -0.07%

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