NextEra and Dominion Energy Merger

planned

NextEra Energy and Dominion Energy have filed applications with state and federal regulators seeking approval for their proposed merger. The merger would create one of the largest regulated utilities in the U.S., serving approximately 10 million customer accounts across Florida, Virginia, North Carolina, and South Carolina, with over 110 gigawatts of generation including renewable energy, battery storage, nuclear power, and natural gas. The merger aims to improve access to capital, strengthen supply chains, and enhance project execution to meet rising electricity demand. Dominion customers would receive $2.25 billion in shareholder-funded bill credits over the first two years following closing. The transaction is expected to close in the second half of 2027, subject to regulatory and shareholder approvals.