NextEra Energy, based in Juno Beach, is pressing ahead with a $66.8 billion bid to acquire Dominion Energy, a move that would create the nation’s largest utility. The deal hinges on approvals from the Federal Energy Regulatory Commission and state regulators in Virginia, North Carolina and South Carolina. Investors watch closely as the merger promises expanded generation assets and broader geographic reach.

NextEra’s political machine, the most prolific donor among investor‑owned utilities, poured $1.9 million into federal campaigns in 2023‑24, split between parties and even contributing to a Trump‑era White House project. Critics cite a 2023 shareholder lawsuit alleging election‑law violations, journalist surveillance and deceptive statements tied to a failed Jacksonville Electric Authority purchase. An appeals court revived the case, heightening regulatory scrutiny.

Regulators in Florida lack authority over utility mergers, but the company’s track record fuels concern in states where Dominion operates. Energy analysts expect the merger to survive antitrust review, yet the revived litigation could pressure the firms to modify governance or disclose political spending. The combined entity will control roughly ten million customers and a diversified portfolio of nuclear, solar, wind and gas assets.