US Senator Angus King is urging the country’s top energy regulator to reject NextEra Energy’s proposed $66.8 billion acquisition of Dominion Energy, saying the deal would consolidate too much power in the hands of one company.
Concerns Over Competition
King, from Maine, said the massive utility formed by the consolidation would deter competition in a territory that would affect more than 10 million people. He cited the 110 gigawatts of electric-generating capacity between the two companies, the most natural gas-fired power and second-largest nuclear operations in the country.
NextEra was not immediately available for comment. The proposed deal would create the world’s largest regulated electric utility, with Dominion serving the largest concentration of data centers globally.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
