What Dominion and NextEra Energy’s proposed merger means for Virginia customers

By: Shannon Heckt

Outlets: Virginia Mercury

Published: May 18, 2026

Words: 643

Last Updated: 2 months ago

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Dominion Energy and Florida-based NextEra Energy are proposing a merger to create the largest regulated electric utility in the country, hosting about 110 gigawatts of power combined.

If approvals from the slate of regulatory agencies are secured, it will mean the two companies would provide power to roughly 10 million customers across Florida, Virginia, North Carolina and South Carolina.

The plan is a stock-for-stock transaction, meaning that NextEra shareholders will own 74.5% …

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