NextEra’s $67 billion deal pokes the AI bear

NextEra Energy's $67 billion acquisition of Dominion Energy would create a major utility serving 10 million customers across four states, but faces regulatory hurdles due to growing public and political opposition to data centers that consume significant electricity. The deal requires approval from at least six regulators including state utility commissioners in Virginia, where local politicians from both parties have opposed further data center expansion citing concerns about rising electricity costs.