The utility merger seeks to exploit the data center boom for profit and political clout, at ratepayers’ expense.

Millions of people across the U.S. are angry at their utilities. Electricity costs are rising while CEOs and Wall Street investors salivate over the booming energy demand from data centers. Now, we could be entering a new and ominous stage of utility power: the rise of the corporate mega-utility. On May 18, Florida-based NextEra Energy, owner of the largest electric utility in the U.S.

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