NextEra and Dominion plan $400B merger to meet soaring AI-driven electricity demand.

NextEra Energy and Dominion Energy are in talks to merge in a deal valued around $400 billion, creating one of the largest utility companies in the U.S. This merger aims to address the rapidly growing electricity demand driven by AI data centers, industrial reshoring, and electrification. Dominion's presence in Virginia and the Carolinas would expand NextEra's reach, especially in Northern Virginia's key AI infrastructure hub. The deal reflects the broader energy sector shift as companies like NextEra diversify into nuclear and natural gas to support hyperscale data center growth.