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NextEra Energy and Dominion Energy file to combine, building a stronger company to meet growing power demand across four of America's fastest-growing states while keeping energy affordable and reliable

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  • NextEra Energy and Dominion Energy filed applications seeking regulatory approval for their proposed combination with the Virginia State Corporation Commission, the North Carolina Utilities Commission, the Public Service Commission of South Carolina, the Federal Energy Regulatory Commission, and the Nuclear Regulatory Commission.
  • Customers in Virginia, North Carolina, and South Carolina would receive $2.25 billion in shareholder-funded bill credits over the first two years after the transaction closes, with all merger-related costs prohibited from being passed on to customers.
  • The combined company would operate an "all-of-the-above" energy platform including renewables, battery storage, nuclear, and natural gas, aiming to serve approximately 10 million customer accounts across four of the nation's fastest-growing states.
  • Dominion Energy's operating companies would remain locally led, separately regulated, and accountable to state commissions, while the combined entity would maintain dual corporate headquarters in Richmond, Virginia, and Juno Beach, Florida, with an operational headquarters in Cayce, South Carolina.
  • The transaction includes job protections for employees, with non-union staff receiving two years of current compensation and benefits, and union agreements continuing according to their terms.
  • The combined company intends to increase shareholder-funded charitable giving by $10 million annually for five years across Virginia, North Carolina, and South Carolina to support economic development.
  • The transaction received unanimous approval from the boards of directors of both companies and is expected to close in the second half of 2027, subject to shareholder approvals and regulatory clearances.
  • The merger aims to leverage NextEra Energy's financial strength, supply chain expertise, and infrastructure capabilities to complement Dominion Energy's local leadership and operating record to meet growing electricity demand reliably and affordably.