<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>NextEra Energy has agreed to buy Dominion in an all-stock deal. </li><li>The larger-scale company will be in an even stronger position to capitalize on the AI power megatrend. </li><li>It will accelerate NextEra's earnings growth rate through at least 2032. </li><li>10 stocks we like better than NextEra Energy ›</li></ul>NextEra Energy (NYSE: NEE) already operates America's largest electric utility (Florida Power &amp; Light) and one of the largest clean energy development companies in the U.S. (NextEra Energy Resources). It's a leader in renewable energy, natural gas, and energy storage. The utility giant is about to get even bigger. Its recent agreement to acquire Dominion (NYSE: D) will create the world's largest regulated electric utility business. The roughly $67 billion deal will accelerate its earnings growth rate and make it the dominate player in powering the AI era. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue »<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDc4My9uZWUucG5nJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDc4My9uZWUucG5nJnc9NzAw"/>Image source: The Motley Fool. <h2>Creating a power supermajor</h2>NextEra Energy has agreed to acquire Dominion in an all-stock deal valued at $67 billion. The transaction would combine NextEra's leading electric utility in Florida with Dominion's operations across the fast-growing southeast (Virginia, North Carolina, and South Carolina). The combined company will provide power to over 10 million utility customers across four of the country's fastest-growing states. The merger will combine NextEra's best-in-class operations and development capabilities with increased scale to create a truly unmatched platform. The massive company will be able to buy, build, finance, and operate more efficiently, saving money over time. It will be the industry leader in nearly every category: <ul> <li>No.1 in the world in renewables and battery storage.</li> <li>No. 1 in the U.S. in gas generation, total generation, generation build, annual capex, rate base, and the largest utility by market capitalization. </li> <li>No. 2 in the U.S. in nuclear generation.</li> </ul><h2>All in on AI power</h2>NextEra Energy has grown briskly over the last two decades despite modest growth in electricity demand. U.S. power demand has risen by only about 10% over the last 20 years, as energy efficiency gains have helped slow overall growth. Despite that, NextEra has delivered 9% compound annual adjusted earnings-per-share growth and 10% compound annual dividend growth during that period. However, catalysts like AI data centers will drive a power surge over the next two decades, with U.S. electricity demand expected to grow 60%, a sixfold increase from its growth rate over the past two decades. NextEra Energy was already in a strong position to capitalize on the power surge. The company expected to invest between $295 billion and $325 billion in cumulative total capex through 2032. That positioned it to deliver 8%+ annual adjusted earnings-per-share growth over that period. It had high confidence in extending that growth rate to 2035. It's investing heavily to support rising power demand growth in Florida, including building out the industry's largest solar energy portfolio. The merger with Dominion Energy will accelerate its growth through at least 2032. A major catalyst is Dominion's operations in Virginia. That state is the world's largest data center market. According to S&amp;P Global's 451 Research, Virginia data centers will require 16.6 gigawatts (GW) of capacity this year, up from 13 GW last year. By 2030, they'll need more than 33 GW of capacity, exceeding the total power demand by U.S. data centers just four years ago. By acquiring Dominion, NextEra Energy will be in an even stronger position to capitalize on the data center power megatrend. The combined company will be able to buy equipment more efficiently and finance projects at lower cost, driving higher investment returns. That supports NextEra Energy's view that it can deliver more than 9% annual adjusted earnings-per-share growth through 2032, an acceleration from its prior view. Meanwhile, there's meaningful upside from opportunities to support large power loads, investing in small modular nuclear reactors, and acquisitions. <h2>A core energy stock holding</h2>NextEra Energy's merger with Dominion will create a utility supermajor that will rival oil giants ExxonMobil and Chevron in enterprise value. The already massive company could double in size over the next decade as it capitalizes on the AI-power megatrend. That combination of strength and growth makes NextEra Energy a must-own energy stock for the next decade and beyond. <h2>Should you buy stock in NextEra Energy right now?</h2> Before you buy stock in NextEra Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NextEra Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $469,293!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,381,332!* Now, it’s worth noting Stock Advisor’s total average return is 993% — a market-crushing outperformance compared to 207% for the S&amp;P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of May 19, 2026. Matt DiLallo has positions in Chevron and NextEra Energy. The Motley Fool has positions in and recommends Chevron, NextEra Energy, and S&amp;P Global. The Motley Fool recommends Dominion Energy. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. </div></div>

NextEra Energy has announced a $67 billion all-stock acquisition of Dominion, creating the world's largest regulated electric utility. This merger positions NextEra to capitalize on the growing demand for electricity, particularly from AI data centers, and is expected to accelerate its earnings growth through at least 2032. The combined company will serve over 10 million customers and enhance operational efficiency, making NextEra a leading player in renewable energy and a must-own stock for the future.

nasdaq

Dominion Energy

Nextera Energy

NVIDIA

Intel

Exxon Mobil

Chevron

S&P Global

NEXTERA ENERGY CAPITAL HLDGS INC 5.65%JNR SUBORD DEB 01/03/2079 SER N

NEXTERA ENERGY CAPITAL HLDGS INC 6.5% BDS 15/04/86 USD1000

Nextera Energy Partners LP

NEXTERA ENERGY INC 6.926% CORPORATE UNITS 01/09/2025

NEXTERA ENERGY INC CORP UNIT 01/11/2029

NEXTERA ENERGY CAPITAL HLDGS INC 6.5% BDS 01/06/85 USD25

NEXTERA ENERGY INC CORP UNIT 01/06/2027

NEXTERA ENERGY INC CORP UNIT

NVIDIA Corporation

NextEra Energy's $67 Billion Dominion Acquisition Will Make It the Dominant Power Player in the AI Era and a Must-Own Energy Stock