Virginia Governor Abigail Spanberger announced on Thursday that she will intervene in the regulatory review of the proposed $66.8 billion merger between Dominion Energy and NextEra Energy. The governor stated that she will formally become a party to the case before the Virginia State Corporation Commission, giving her access to filings and the ability to raise questions and concerns about the transaction.
Merger Details
The proposed merger, which was announced in May, aims to form one of the world’s largest electric utilities. The deal is pending approvals and will create the third-biggest U.S. energy company, behind oil majors Exxon and Chevron.
Spanberger said she is not seeking to take the decision out of regulators’ hands, but rather to ensure that the merger benefits the state’s residents. She noted that the size and scope of the merger application are unprecedented, and that she needs more details about the transaction.
As a party to the proceeding, the governor has the ability to take legal action once a decision is made. She emphasized that her goal is to press for commitments on electric bill affordability, job protections, and clean-energy investments.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
