Dominion Energy, NextEra seek to merge, creating world’s largest electric utility

NextEra Energy is seeking to acquire Dominion Energy in a stock-swap deal to create the world’s largest regulated electric utility, combining 10 million customers and 110 gigawatts of power. The merger requires federal and state regulatory approvals and would provide $2.25 billion in customer discounts over two years in Virginia, North Carolina, and South Carolina.