Gov. Spanberger announces intervention in Dominion Energy-NextEra merger
Article excerpt
Spanberger is expected to push for certain assurances from Dominion as it goes before the State Corporation Commission for approval of the deal. CHARLOTTESVILLE, VA ( CVILLE RIGHT NOW ) – Gov. Abigail Spanberger will intervene at the State Corporation Commission (SCC) level about the proposed $67 billion merger between Virginia-based Dominion Energy and Florida-based NextEra, according to a Thursday morning release from the Governor’s Office. Spanberger is expected to push for certain assurances from Dominion as it goes before the State Corporation Commission for approval of the deal. A Dominion spokesperson told Cville Right Now on Thursday morning the company was working on a response to the Governor’s announcement. The Governor, according to the announcement, will hold an afternoon virtual media briefing on her action, which the release said is “ the first time a Governor of Virginia has taken such an action at the State Corporation Commission (SCC).” The announcement referenced a new Washington Post op-ed with some of her reasoning. “T he Governor outlined the three non-negotiable priorities that will guide her involvement as the SCC conducts its review: delivering more affordable energy bills for Virginia families and small businesses, protecting Virginia’s utility workforce, and accelerating Virginia’s progress toward producing affordable, reliable, local, and clean...
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Dominion CEO Robert Blue, who will stay with the newly merged company as President and CEO of Regulated Utilities and join its Board of Directors, said the merger “brings together two strong operating platforms and creates an even stronger energy partner for Virginia, North Carolina, South Carolina and Florida, with the scale and balance sheet to deliver the generation, transmission and grid investments our customers and economies need.”
