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WSJ Minute Briefing

NextEra to Buy Dominion Energy, Making East Coast Utilities Titan

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 18 May 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: President Trump drops a lawsuit against the IRS as the Justice Department announces a $1.8 billion fund to compensate people who claim the DOJ victimized them. And U.S. airstrikes in Nigeria kill 20 Islamic State fighters. Alex Ossola hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:25.1

While increasing megastore profits, they deserve it. Don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:39.7

Here's your midday brief for Monday, May 18th. I'm Alex O'Sillette for the Wall Street Journal.

0:46.9

Nextera Energy has agreed to buy Dominion Energy in a $67 billion deal. It would combine two of the largest U.S. utilities into an East Coast energy titan with territory in Florida, the Carolinas, and Virginia.

0:53.9

Utilities are facing a massive upswing in consumer demand, largely driven by artificial

0:58.5

intelligence and the buildout of data centers for AI.

1:01.9

The transaction is expected to close within the next 18 months and needs approval from

1:05.9

both state and federal regulators.

1:08.4

Nextera's stock was down roughly 5% in midday trading,

1:11.6

while Dominions was up about 10%.

1:13.7

President Trump has dropped his lawsuit against the IRS.

1:18.1

Trump had filed the suit in January,

1:20.1

demanding at least $10 billion in damages

1:22.3

over the past disclosure of his tax records.

1:25.2

And in a move announced in tandem with dropping the suit, the Trump

...

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