- NextEra Energy and Dominion Energy shareholders approved the proposed $66.8bn all-stock merger at separate special meetings on 3 September.
- Dominion shareholders are set to receive 0.8138 NextEra shares per share, leaving NextEra investors with roughly 74.5% of the combined company.
- State and federal approvals remain outstanding, with closing scheduled for H2 2027; the companies will operate independently until completion.
- The combined company is expected to retain the NextEra Energy name and NEE ticker, with more than 80% of its business regulated.
Quotes
“We have reached an important milestone in the proposed combination of NextEra Energy and Dominion Energy. Today, shareholders of both companies approved the proposed combination, marking an important step toward bringing our companies together.”
“Together, we will be better positioned to meet America's growing electricity demand with the scale, expertise and capabilities needed for the future.”