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Proposed Dominion merger meets resistance

Recently, Dominion Energy has been making headlines with its proposed $67 billion merger with Florida-based NextEra Energy—the world’s largest electric utility holding company. Combined, the two would create the world’s largest regulated electric utility business. The proposed joining, filed with the Virginia State Corporation Commission in July, comes as a preparation to meet future electricity demand, said the companies. It would combine the local operating model of Dominion with the financial might and infrastructure development capabilities of NextEra. According to the two companies, the United States is stepping into an era of rapidly growing electricity demand, requiring a considerable investment in generation, transmission, distribution and grid resilience. They believe the merger would offer customers more resources, capabilities and opportunities at an affordable cost, while keeping service localized. Joined together, the companies, operating under the NextEra Energy name, wou...

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