NextEra, Dominion announce merger to create U.S. power behemoth

NextEra Energy and Dominion Energy plan to merge, creating the world's largest regulated electric utility business by market capitalization, serving 10 million customers and owning 110 gigawatts of generation. The deal would expand NextEra's presence in the PJM grid region and create a leader in renewables and battery storage. The companies expect the merger to increase scale and efficiency, benefiting customers.