Major regulated utility being acquired by NextEra Energy.
“Virginia Gov. Abigail Spanberger plans to intervene in the proposed $67b merger of Dominion Energy and NextEra Energy.”
“Dominion Energy – Acquired by NextEra Energy at $66.8B… 3.8x revenue and 8.4x EBITDA… signals that large-scale utility assets continue to attract strategic buyers.”
Source→“NextEra is acquiring the regulated wires, substations and interconnection in Northern Virginia's Data Center Alley, the grid chokepoint connecting AI data centers to power.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.