AXIOS (Ben Geman) - NextEra, Dominion announce merger to create U.S. power behemoth
U.S. power giants NextEra Energy and Dominion Energy announced plans Monday to merge in the largest electricity deal — by far — since the mainstreaming of AI. Why it matters: The deal, if approved by regulators, would enable massive scale as the industry looks to expand generation and related infrastructure to meet rising demand. - The all-stock merger "creates the world's largest regulated electric utility business by market capitalization and one of the world's largest energy infrastructure companies," the companies said in a joint announcement. - The potential merger would expand NextEra's presence in the fast-growing PJM grid region of the Midwest and mid-Atlantic. Stunning stats: The combined company would serve about 10 million…