utilities

NextEra Energy to acquire Dominion for $67 billion, joining two of the nation’s largest utilities

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NextEra Energy said Monday it will acquire Dominion Energy in an all-stock deal valued at about $67 billion, combining two major utilities as electricity demand surges from AI and data center growth. The combined company will serve around 10 million utility customers across Florida, Virginia, North Carolina and South Carolina, according to a statement from NextEra … Read more

As electric bills rise, some states are focusing on the growing profits of utilities

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HARRISBURG, Pa. — The artificial intelligence boom is leading to fights in some states over growing utility profits, as governors, attorneys general and others protesting rising electricity bills say cash-strapped residents are stuck in a broken system. Officials and lawmakers in at least six states — including Arizona, Indiana, Maryland, New Jersey, New York and … Read more