Dominion in talks to acquire NOVEC, Bloomberg reports

Dominion (D) Energy is in discussions to purchase the Northern Virginia Electric Cooperative in a move that would stretch the utility giant’s reach into the heart of the global data center market, Bloomberg’s David Carnevali, Josh Saul, an Mark Chediak report, citing people with knowledge of the situation. Dominion could finalize a deal to acquire the smaller utility in the coming months, though no final decision has been made, the authors note.