How Wall Street is shifting electric utilities toward consolidation and profit

Electric utilities don’t make money from selling power to customers, but instead profit from investments in power plants, wires, substations and other equipment.

By: Conor Harrison, University of South Carolina, The Conversation

Outlets: The Conversation

Published: June 16, 2026

Words: 1,286

Last Updated: 1 month, 1 week ago

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By Conor Harrison, University of South Carolina

A corporate merger that would form the largest electric utility in the United States is underway. It’s just one of many recent utility mergers and acquisitions as electric utilities enter a period of rapid growth.

On May 18, 2026, NextEra Energy announced it would buy Dominion Energy for US$66.8 billion.

What’s driving this deal and others like it is not an increase in residential electricity demand. …

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