NextEra Energy and Dominion Energy have announced that they have entered into a definitive agreement to combine in an all-stock transaction.
Dominion Energy shareholders will receive a fixed exchange ratio of 0.8138 shares of NextEra Energy for each share of Dominion Energy they own at the close of the transaction, resulting in NextEra Energy and Dominion Energy shareholders owning approximately 74.5 percent and 25.5 percent of the combined company, respectively.
The combination will create the world's largest regulated electric utility business, fortified by North America's premier energy infrastructure platform and developer. The combined company will be more than 80 percent regulated; serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina; and own 110 gigawatts of generation across a broad mix of energy sources. The combined company will drive affordability in the long term by leveraging scale and operati
