NextEra and Dominion Energy agree a $67B all-stock merger

NextEra Energy

NextEra agreed to combine with Dominion Energy in a roughly $67 billion all-stock deal, with NextEra holders owning 74.5% of the result. The combined company would run 14 reactors at eight plants, making it the second-largest US nuclear generator. NextEra CEO John Ketchum would chair and lead it; closing is expected 12 to 18 months after the announcement.

• NextEra: 7 reactors at 4 plants, about 6.3 GW; Dominion: 7 reactors at 4 plants, about 6.8 GW
• Keeps the NYSE ticker NEE; dual headquarters in Florida and Virginia, operations base in South Carolina
• Needs federal, state and shareholder approvals