no cash, all stock.
combined they'd be the largest regulated electric utility in the US by market cap.
NEE has been the premium utility compounder for years — trading at a significant multiple to peers.
paying for $D in stock at these levels is either confidence in $NEE's own valuation or a sign they see something in Dominion's regulated asset base the market doesn't.
$2.25B in bill credits for Dominion customers is an interesting sweetener. probably a regulatory necessity more than generosity.
is this a good deal for $D shareholders or are they just getting $NEE paper at the top?
https://news.insighthread.com/news/nextera-energy-to-acquire-dominion-energy-in-all-stock-deal-47579