NextEra Energy, Dominion Energy Propose Expanded State Benefits to Support $67 Billion Merger

By Adriano Marchese

NextEra Energy and Dominion Energy have proposed an expanded state benefits package to regulators as they look to secure approval for its $67 billion merger.

The companies said Monday that the updated filing doubles proposed residential bill credits to four years while shielding retail customers from grid costs tied to Northern Virginia's rapidly expanding artificial intelligence data centers.

They also said they would expand low-income financial assistance.

The concessions come as the two companies look to clear state regulatory hurdles for a combination that would create the largest U.S. electricity producer--specifically the biggest provider of natural gas-fired power and No. 2 in nuclear, the companies said.

As well as the ratepayer relief, the companies' proposal includes $100 million toward directly supporting workforce development in the state, and establishes up to $1 billion in local supplier spending over five years.

Under the agreement, Dominion Energy Virginia will preserve its brand name, local leadership and regulatory oversight by the Virginia State Corporation Commission.

Their merger still remains subject to approval from regulators, with an expected closing day some time in the second half of 2027.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

September 14, 2026 08:28 ET (12:28 GMT)