The Utility Giants' High Stakes Bet on Energy and AI The merger between NextEra Energy and Dominion Energy, two of the largest utility firms in the US, has sent shockwaves through the industry with a $67 billion deal that reflects their efforts to adapt to changing energy demands and harness the power of artificial intelligence.
As electricity consumption is poised to surge over the next decade, these behemoths are betting big on their ability to manage this transition.
A Decade of Growth NextEra will exchange nearly eight tenths of a share for each Dominion Energy share in a deal that values the latter at around $66. 8 billion.