<span>Story: :: Amazon Web Services</span><span>Two leading utility companies are merging as the AI boom increases demand for data centers.</span><span>:: NextEra Energy</span><span>NextEra Energy announced Monday that it will acquire Dominion Energy in an all-stock deal valued at approximately $67 billion.</span><span>:: Dominion Energy</span><span>The deal is one of the largest in the U.S. power industry and will create the world’s largest regulated utility by market value.</span><span>:: NextEra Energy</span><span>:: Amazon Web Services</span><span>The deal gives NextEra greater influence in powering Big Tech’s fast-growing data centers with Dominion’s customers including Alphabet, Amazon, Microsoft, Meta and CoreWeave.</span><span>:: Archive</span><span>This also follows NextEra’s agreement with Google last year to restart a nuclear power plant in Iowa.</span><span>The energy sector has recently seen a wave of consolidation as rapid construction of data centers increases electricity demand for the first time in 20 years, creating lucrative revenue streams and boosting profit prospects.</span><span>:: Archive</span><span>This year, AES Corp agreed to be acquired by a consortium led by Global Infrastructure Partners and Swedish private equity firm EQT. This followed Constellation Energy’s deal with Calpine and Blackstone to acquire TXNM Energy last year.</span><span>Monday’s announcement sent NextEra stock down as much as 5.5%, while Dominion stock rose as much as 11.5%, its highest since November 2022.</span>
