Dominion Energy agrees to all-stock merger with NextEra Energy
On May 15, 2026, Dominion Energy entered a merger agreement with NextEra Energy. If completed, Dominion would become a wholly owned subsidiary of NextEra, and each Dominion share would convert into 0.8138 NextEra shares plus a pro rata share of $360 million in cash. The deal requires approval by Dominion and NextEra shareholders and several regulatory clearances, so Dominion shareholders will not receive these terms unless those conditions are met.
Key points
- Each Dominion common share converts into 0.8138 NextEra Energy common shares plus a pro rata share of a $360 million cash payment, without interest.
- Closing requires approval by a majority of Dominion shareholders, NextEra shareholder approval of the share issuance, and regulatory clearances from FERC, the NRC, and state commissions in Virginia, North Carolina and South Carolina.
- Either party may terminate if the First Merger is not completed by November 15, 2027, extendable to August 15, 2028 under specified conditions.
- If the merger closes, Dominion common stock would be delisted from the NYSE and later deregistered; the companies expect closing in 12 to 18 months and propose $2.25 billion in customer bill credits over two years.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.