(The Center Square) – Dominion Energy announced Monday it plans to combine with Florida-based NextEra Energy in a deal the companies say would create the world’s largest regulated electric utility business.

The all-stock transaction would combine major utility operations across Virginia, North Carolina, South Carolina and Florida while placing the merged company under the NextEra Energy name and New York Stock Exchange ticker NEE.

Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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