Latest development3 months ago
NextEra Energy Targets Late 2027 to Close Dominion Energy Merger
The combined utility targets 11% annual growth through 2032 as the merger enters a six-month regulatory review process in Virginia.
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NextEra Energy exceeded Wall Street estimates for second-quarter adjusted profit, driven by strength in its renewables unit and increased power demand. The company's renewables backlog reached 35.1 GW, fueled by massive demand from AI data centers. NextEra reported a 9.5% year-over-year increase in adjusted EPS and reaffirmed its 2026 guidance, targeting the top end of the $3.92–$4.02 range.
The combined utility targets 11% annual growth through 2032 as the merger enters a six-month regulatory review process in Virginia.
Read the full storyThe renewables giant reported a 9.5% increase in adjusted EPS and a record 35.1 GW backlog driven by AI infrastructure requirements.
The US utility giant exceeded Q2 adjusted profit estimates, driven by robust electricity demand and strength in its renewable energy segment.