Virginia Governor Intervenes in Review of NextEra-Dominion Merger

1. 1Virginia Governor Spanberger has formally intervened in the regulatory process for the $67 billion merger between NextEra (NEE) and Dominion.
2. 2She has filed to participate in the State Corporation Commission proceedings and will focus on reviewing rate reductions, job security for approximately 10,000 employees, and clean-energy plans.
3. 3Analysts believe the merger terms and likelihood of completion could change, and additional conditions beyond the two-year $1.78 billion rate credit may be imposed.

Source Axios · View original ↗

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