Kirkland and McGuireWoods are guiding the largest ever power acquisition: NextEra Energy Inc.'s plans to purchase Dominion Energy Inc. for $67 billion in stock.
A Kirkland & Ellis team including corporate lawyers David Feirstein and Zach Savrick steered NextEra, which is the largest US utility by market value and the largest renewables developer in the country. The transaction will create an energy giant covering area from Florida to Virginia.
The transaction sheds light on how much pressure the utilities sector is under to keep up with the spike in demand due to the buildout of artifical intelligence data centers.
Richmond, Virginia-based McGuireWoods guided its longtime client Dominion Energy. Its core deal team includes co-leader of the firm’s energy mergers and acquisitions and finance practice group and member of its board of partners Joanne Katsantonis; co-leader of the firm’s renewable energy practice group Michael Woodard; and partners Emilie McNally and Christopher Keegan.
The firm has previously guided Dominion Energy on transactions including its $13 billion merger with South Carolina-based SCANA Corporation in 2019, and its offshore wind partnership with Stonepeak in 2024.
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