Press Mention Oil Price Information Service (OPIS) / Dow Jones Newswires May 27, 2026
SACE Quoted
NextEra-Dominion Deal Sparks EV Charging Questions Amid Data Center Boom -- OPIS
In this mention
NextEra Energy's proposed $67 billion acquisition of Dominion Energy raises questions about how the combined utility would prioritize electric-vehicle charging infrastructure amid rapid data center growth in the Southeast. Stephen Smith, executive director of SACE, argues that while utilities support EV adoption, they are increasingly focused on larger data center loads, potentially deprioritizing transportation electrification investments. The merger would create the world's largest regulated electric utility serving roughly 10 million customer accounts across Florida, Virginia, North Carolina, and South Carolina.
It's not that they're not in favor of EVs. They're hunting big financial prey in the data center market.
Stephen A. Smith