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Virginia Governor To Intervene In Dominion-NextEra Merger
NextEra Energy proposes to acquire Dominion Energy for approximately $67 billion, forming the world's largest regulated electric utility. Virginia's State Corporation Commission will review and decide on the merger's approval. Governor Abigail Spanberger expresses skepticism about an out-of-state company acquiring Virginia's primary utility. She intends to intervene in the merger review process, a move unprecedented for a Virginia governor. Spanberger's intervention will grant her administration legal standing to participate in the case and advocate for Virginians. She emphasizes that Virginians should benefit financially from the deal, seeking more affordable energy bills. Her goal is to secure long-term cost savings for consumers. Additionally, she aims to protect utility jobs and ensure continued investment in reliable and cleaner power sources. The size and potential impact of this merger necessitate such proactive engagement. Spanberger wants to be a strong voice for Virginians throughout the SCC's review.