Story · Florida
NextEra Energy Plans $59 Billion Annual Capex Through 2032; Acquisition of Dominion Energy to Boost Growth
NextEra Energy (NYSE: NEE) plans to spend $59 billion annually on capital expenditures through 2032, following its acquisition of Dominion Energy (NYSE: D). The combined company aims to capitalize on surging electricity demand driven by AI, data centers, and electric vehicles, with demand expected to rise 60% between 2025 and 2045. NextEra's regulated utilities and its large contract solar/wind business will both benefit. The spending is projected to support annualized earnings growth of 9% or more, up from 8% without the deal. The company also plans to maintain its decades-long dividend growth streak, offering a 2.7% yield with roughly 6% annual dividend increases.
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