Dominion Energy, Inc. and NextEra Energy, Inc. have filed updated testimony with the Virginia State Corporation Commission, enhancing their proposed merger with additional customer and financial protections. This move is significant as it aims to solidify the benefits package for Virginia customers while ensuring long-term affordability and reliability in electricity services.

The companies' rebuttal testimony reflects strong alignment with key conditions proposed by the Commission Staff and the Office of the Attorney General Division of Consumer Counsel. They have accepted 101 out of 117 conditions proposed, with enhancements or modifications to another 13 conditions. This demonstrates a commitment to robust financial safeguards and independence for Dominion Energy Virginia.

“We have already put forward a historic package of benefits for Dominion Energy Virginia customers, workers, and communities, and we are going even further,” said John Ketchum, chairman and CEO of NextEra Energy. “Virginia should not have to choose between relief on electric bills today and affordable, reliable power tomorrow.”

Background

Dominion Energy, Inc. (NYSE: D) is a leading provider of regulated electricity services in Virginia, North Carolina, and South Carolina. The company serves approximately 3.6 million homes and businesses and is recognized for its commitment to providing reliable, affordable, and increasingly clean energy. The recent filing, dated November 3, 2026, is part of a series of submissions related to the proposed merger with NextEra Energy, which is the largest electric power and energy infrastructure company in North America.

What the Filing Says

The filing outlines that the merger proposal includes significant commitments designed to address concerns raised by regulatory bodies while preserving Dominion Energy Virginia’s financial strength. The companies aim to provide immediate customer relief through four years of shareholder-funded residential bill credits and an additional $100 million for energy assistance and weatherization.

“Together, these commitments would provide immediate customer relief, support long-term affordability, and create significant economic opportunities across the Commonwealth,” the filing states.

Impact

This merger proposal is expected to impact Dominion Energy's customers in Virginia significantly. The enhanced benefits package aims to ensure that customers receive immediate bill relief while also preparing for future energy demands. The commitment to maintain local leadership and accountability to the Virginia State Corporation Commission is designed to reassure customers about the continuity of service quality.

What's Next

The proposed merger remains subject to required regulatory approvals and other customary closing conditions. The companies continue to expect the transaction to close in the second half of 2027. Additional information about the proposed combination is available at DominionNextEraFuture.com.