Major regulated utility being acquired by 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→“Struck at a 13.9x TTM EV/EBITDA multiple, the deal is one of the largest power transactions on record.”
“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.