Florida utility NextEra Energy is said to be in talks to acquire northern neighbor, Virginia-based Dominion Energy, in a move that could add momentum to NextEra’s efforts to capitalize on the data center energy boom.

A deal, involving the utilities in Florida and Virginia, would come as demand for power is soaring, largely because of the rapid growth of A.I. data centers.

U.S. power firm NextEra Energy is in talks to combine ​with smaller Virginia-based utility Dominion Energy , a ‌deal that would create a company valued at about $400 billion including debt, the Financial Times reported on Friday,

US power firm NextEra Energy is discussing a mostly stock deal for Dominion Energy that would value the smaller Virginia-based utility at about $76 per share, or around $66 billion, Bloomberg News reported on Sunday.

NextEra Energy (NEE) stock and Dominion Energy (D) stock are in focus as the companies are said to be in merger talks to form a $400B+ utility giant. Read more here.