NextEra Energy has finalized an all-stock merger agreement to acquire Dominion Energy for $66.8 billion, creating the world's largest regulated electric utility business by market capitalization. This landmark deal, the largest M&A transaction in the power sector's history, positions NextEra to reshape the power infrastructure investment landscape in the Southeast U.S. Following the merger, NextEra shareholders will own approximately 74.5% of the combined entity, while Dominion shareholders will receive 0.8138 shares of NextEra for each share they own. The acquisition is poised to face a lengthy regulatory review, but NextEra remains well positioned for sustained earnings growth.