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May 18, 2026 12:01 PM

Dominion Energy-NextEra Combine To Become World's Largest Electric Utility Business

Dominion Energy, Inc. (NYSE:D) shares are rocketing on Monday's premarket session as traders react to an all-stock transaction that would combine Dominion with NextEra Energy, Inc. (NYSE:NEE)

Merger Details

As per the terms, Dominion shareholders will receive 0.8138 NextEra shares per Dominion share. This implies an ownership split of approximately 74.5% for NextEra and 25.5% for Dominion shareholders in the combined entity.

The deal has been unanimously approved by both boards and is expected to close in 12–18 months, subject to regulatory approvals.

Leadership will include John Ketchum as Chairman and CEO and Robert Blue as President and CEO of regulated utilities, also joining the board.

The structure is a tax-free stock-for-stock transaction. The merged company will operate under the NextEra Energy name and continue to trade on the NYSE under NEE.

As ...