Virginia Governor 'Skeptical' of NextEra-Dominion Energy Merger, Experts Urge Strong Conditions
- On Tuesday, five New England states issued a joint statement opposing the $67 billion merger between Dominion Energy and NextEra Energy, warning the deal could consolidate control over the region's nuclear power and drive up electricity costs.
- Governors and regulators cited NextEra's "problematic history" of obstructing infrastructure projects in Maine, arguing the company's aggressive market dominance could reduce competition and jeopardize energy affordability across the region.
- Virginia Governor Abigail Spanberger filed to intervene in the case, demanding "real on paper commitments" to protect ratepayers while lawmakers questioned if the regulatory timeline allows sufficient time to evaluate the transaction.
- Attorney General William Tong joined state agencies filing formal motions to intervene in federal proceedings, as residents rallied against the merger citing concerns over "monopolistic traits" and increased bills.
- Placing Millstone Power Station and Seabrook Station under one parent company would consolidate control over roughly one-fourth of the region's electricity, potentially limiting consumer protection against market power, analysts warn.
19 Articles
19 Articles
Questions loom over $67B Dominion-NextEra merger
Environmental advocates don’t think there is enough time or regulatory authority to address the impacts of the deal. As environmental groups raise serious concerns about a massive energy deal proposed in Virginia, Gov. Abigail Spanberger (D) is getting involved in the case. In July, Dominion Energy and NextEra Energy filed an application with the Virginia State Corporation Commission (SCC) seeking approval to combine the two companies in a deal…
Could the Dominion-NextEra merger inspire the General Assembly to expand the State Corporation Commission? The constitution allows it.
The first recorded attempt at government regulation of the marketplace involved the price of renting oxen in Babylon. Today’s regulators have more complicated jobs. We in Virginia are getting a firsthand view of how that regulation works. Energy-related issues are swirling over Virginia, from data centers to energy production to electricity rates to the pending merger of the state’s largest utility (Dominion Energy) with an even larger out-of-…
Virginia governor 'skeptical' of NextEra-Dominion Energy merger, experts urge strong conditions
Gov. Abigail Spanberger said she is skeptical of NextEra's proposed takeover of Dominion Energy, warning that the deal could have serious consequences for Virginia residents.
InsideNoVA.com
The Center SquareVirginia lawmakers question utility merger review clock
(The Center Square) – Virginia regulators could reject the pending merger application of NextEra and Dominion, requiring the companies to refile and restart the state’s six-month review clock, a state senator suggested Tuesday.
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