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Why the $67 billion deal for world’s biggest electricity company is in trouble

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NextEra Energy's $67 billion bid to buy Dominion Energy, which would create the world's largest retail electricity company, faces mounting opposition in Virginia. Governor Abigail Spanberger wants a six-year rate freeze and $29 monthly bill credits, but NextEra has rejected the freeze. With Virginia power bills up over 10% in a year amid the AI data centre boom, regulators will rule on the deal in January.

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Why the $67 billion deal for world’s biggest electricity company is in trouble
TOI TECH DESK · 11/10/2026, 12:18:33 PM
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