NextEra Energy is seeking to acquire Dominion Energy, which could bring South Carolina customers under the umbrella of one of the largest power companies in the United States.
The combined company would become the world’s largest regulated electric utility with about 10 million customers and 110 gigawatts worth of power on its system, executives said in a joint statement. And they have another 130 gigawatts worth of demand from large energy users in their pipeline.
“Electricity demand is rising faster than it has in decades,” NextEra CEO John Ketchum said in a statement. “Projects are getting larger and more complex. Customers need affordable and reliable power now, not years from now. We are bringing NextEra Energy and Dominion Energy together because scale matters more than ever— not for the sake of size, but because scale translates into capital and operating efficiencies.”…