fromArs Technica
1 week agoElectrical utility megamerger is all about the data centers
The proposal, announced Monday morning and contingent on state and federal regulatory approval, would result in a company that leads in nearly every aspect of the US power and utility industry, including overall electricity generation, natural gas generation, and renewables. The $67 billion deal combines NextEra's size and reach with Dominion's positioning as the local utility for the world's largest concentration of data centers in northern Virginia. But the results are likely bad for consumers and the environment, creating a company with enormous financial and political strength that will be difficult to effectively regulate, according to consumer advocates and analysts.
Environment