NextEra Energy Is in Talks to Combine With Dominion Energy: FT
(Bloomberg) -- NextEra Energy Inc. is in discussions to combine with utility rival Dominion Energy Inc. in a mostly stock deal, the Financial Times reported.
A transaction could be announced as soon as next week, the newspaper said, adding that the talks could still fall apart. Representatives for NextEra and Dominion didn’t immediately respond to requests for comment.
Florida-based NextEra’s shares are up 16% this year, giving it a market value of $195 billion. Richmond, Virginia-based Dominion has gained 5.4% since Jan. 1 for a market value of about $54 billion.
Including debt, the combined company would have a value of about $419 billion, according to data compiled by Bloomberg.
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