Virginia governor to intervene in NextEra, Dominion merger over electricity price concerns
Virginia's State Corporation Commission is tasked with reviewing the deal and will either accept, reject or impose conditions on it.
AI Summary
Virginia Gov. Abigail Spanberger announced she will intervene in the proposed $67 billion merger of Dominion Energy and Florida-based NextEra, citing concerns over rising electricity costs for residents. Spanberger, who won election partly on promises to address data center-driven utility hikes, will use her intervention to push for guaranteed long-term savings for Virginians before the state's regulatory commission. This marks the first time a Virginia governor has taken such action before the commission.