NextEra Energy And Dominion Energy Are Surging Into The Future Together
Dominion Energy and NextEra Energy have announced a merger that will create the world's largest regulated electric utility. The new entity aims for significant growth, with targets of 9% annual EPS increases and 6% annual dividend growth through 2032-2035. Dominion shareholders will receive shares in the new company along with cash compensation.
- ▪Dominion Energy and NextEra Energy will merge in an all-stock deal.
- ▪The combined company expects to achieve 9% annual EPS increases and 6% annual dividend growth until 2035.
- ▪Dominion shareholders will receive a 0.8138 NEE share exchange and $2.44 per share in cash.
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