NextEra Pays $67B for the Playbook Texas Has Run Since 2024

NextEra's $67B Dominion bid prices in the regulatory regime Texas developers have already been building toward: NERC reclassifying hyperscale loads as grid actors, Corpus reservoirs under 10%, and 63% of Houstonians opposed within a mile. The developers front-loading grid stability, water offsets, and community engagement get the rules written around them; everyone else gets stranded.