"Scale Matters": NextEra, Dominion To Merge In Utility Megadeal Aimed At Grid Expansion To Power AI Boom

"Scale Matters": NextEra, Dominion To Merge In Utility Megadeal Aimed At Grid Expansion To Power AI Boom As power demand surges on the back of data-center buildouts, with hyperscalers expected to unleash about $700 billion in capex this year to expand AI infrastructure and maintain an edge over China in the AI compute race, NextEra Energy and Dominion Energy are moving to scale up. The utilities agreed to a $67 billion all-stock merger that would create the world's largest regulated...