NextEra Energy and Dominion Energy File for Proposed Combination

NextEra Energy and Dominion Energy have filed applications with state and federal regulators seeking approval for their proposed combination. The filings were made with the Virginia State Corporation Commission, the North Carolina Utilities Commission, the Public Service Commission of South Carolina, the Federal Energy Regulatory Commission, and the Nuclear Regulatory Commission.

The merger is intended to address the rapidly increasing electricity demand in the United States. The combination aims to leverage Dominion Energy's local leadership and community knowledge with NextEra Energy's financial strength, supply chain expertise, and infrastructure development capabilities. The companies state that the combined entity will be better positioned to build and operate energy infrastructure more efficiently.

Customers are expected to benefit from $2.25 billion in shareholder-funded bill credits. The companies have also committed that merger-related costs will not be passed on to customers. Dominion Energy's operating companies will remain locally led and separately regulated under the proposal.

The transaction is anticipated to close in the second half of 2027. The companies believe the combination will support job creation and economic development in four of the nation's fastest-growing states.