Dominion Energy, Inc.
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Acquisitions
3
Total Acquisitions
$21.0B
Disclosed Deal Value
2026
NextEra agreed to acquire Dominion through a merger structure.
Would make Dominion a subsidiary of NextEra if completed.
Pending regulatory and shareholder approvals as of July 22, 2026.
2019
$14.6B
Added South Carolina electric and gas utility operations.
Expanded regulated utility exposure after the V.C. Summer nuclear failure reshaped SCANA.
South Carolina remains part of Dominion's regulated utility portfolio.
2000
$6.4B
Expanded Dominion's natural gas platform.
Added gas infrastructure and diversified the company beyond its Virginia electric base.
Helped shape the broader Dominion Resources era before later gas-asset simplification.
Dominion's growth strategy is built around regulated rate-base expansion: generation projects, grid modernization, transmission upgrades, nuclear reliability, and renewable or low-carbon resources approved by regulators. The company is also positioning its Virginia system to serve rising data center load, a growth driver that can support investment but also intensifies reliability and affordability scrutiny.
Dominion Energy makes money primarily through regulated electric and gas utility operations. State regulators authorize rates that allow the company to recover operating costs, fuel and purchased power costs, depreciation, taxes, and an allowed return on approved capital investment. That means growth is tied less to open-market commodity speculation and more to approved spending on generation, transmission, distribution, grid reliability, and clean-energy projects.
Consolidated Natural Gas, SCANA, major asset sales, and the pending NextEra merger agreement are the deals that most shaped the current company.
Yes. Dominion entered a merger agreement with NextEra Energy on May 15, 2026; it is pending and subject to approvals.
The deals matter because they shifted Dominion from diversified energy infrastructure toward a regulated utility portfolio with large capital needs.