NextEra Energy has agreed to acquire Dominion Energy for about $67bn in an all-stock deal, Bloomberg reported on Monday , in what would be the largest power-sector acquisition on record. NextEra shareholders will own 74.5% of the combined company, Dominion shareholders 25.5%, with each Dominion share exchanged for roughly eight-tenths of a NextEra share.
Under this Ratepayer Protection Pledge, companies are agreeing to practices that are intended to protect residents from seeing higher electricity costs as more and more businesses create power-hungry data centers. Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI have all apparently signed on.