Virginia utility commission staff recommends denying NextEra-Dominion deal
( October 20, 2026, 13:28 GMT | Official Statement) -- MLex Summary: The Virginia State Corporation Commission's staff recommended that the utility regulator reject NextEra's $67 billion bid to buy Dominion Energy, saying the companies haven't met their burden to prove that “adequate service to the public at just and reasonable rates will not be impaired or jeopardized” by the merger. They said the merger would expose Dominion "to the additional financial and business risks of NextEra’s unregulated, competitive businesses" and the merger commitments offered "are not sufficient to ensure that [Dominion] will maintain the resources to provide adequate service to its customers post-Merger."See file attachment. ...
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