Dominion Energy secures shareholder approval for merger with NextEra

NextEra Energy

03/09/2026 22:16

Sept 3 (Reuters) - Dominion Energy D.N said in a regulatory filing on Thursday that its shareholders approved the utility's previously announced $66.8 billion merger with NextEra Energy NEE.N at a special meeting, with 671.32 million votes cast in favor of the deal.
The companies had announced their plan to merge in May, which is expected to create one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence.
Virginia-based Dominion serves the largest concentration of data centers globally.
A resurgence in electricity demand and the growing electrification of transportation and other industries has sparked a wave of major utility mergers in recent years after nearly two decades of stagnant power consumption.
The deal, which is pending regulatory approvals, will create the third-biggest U.S. energy company, behind oil majors Exxon Mobil XOM.N and Chevron CVX.N, and an entity with an enterprise value topping the next two largest U.S. power companies combined.
Virginia Governor Abigail Spanberger said in August she would intervene in the regulatory review of NextEra's merger with Dominion, pressing for commitments on electric bill affordability, job protections and clean energy investments.
The governor said she would formally become a party to the case before the Virginia State Corporation Commission, giving her access to filings and the ability to raise questions and concerns about the transaction.
While Maine Governor Janet Mills also said in the same month that the deal would give NextEra excessive control over New England energy assets, limit competition and make it harder to lower energy costs.
A Maine legislation in April had imposed a moratorium on new data centers as concerns grew over their impact on power bills and the environment.

 (Reporting by Pooja Menon in Bengaluru; Editing by Shailesh Kuber)
 ((Pooja.Menon@thomsonreuters.com;))