Energy giants seeking to merge say they’ll extend Virginia residents’ bill credits and add jobs
Article excerpt
Highlighted: the sentence this signal was extracted from
By SARAH RANKIN RICHMOND, Va. (AP) - Power companies NextEra Energy and Dominion Energy, which are seeking approval to merge into one behemoth, announced plans Monday to sweeten the deal in Virginia, Dominion's home base, where the proposal has faced skepticism from the Democratic governor and legislative leaders. The companies said in a news release that in "response to feedback from policymakers" and others, they would commit to a set of Virginia benefits that includes: a new shareholder-funded co-headquarters tower in the capital city's downtown, a promise of 600 new jobs, more money toward workforce development and a doubling of previously announced residential bill credits. Amid rising voter frustration toward data centers and concerns about their impact on electric bills, the companies said they plan to extend a $10 monthly bill credit for residential customers to four years from two years. That would mostly be paid for by ending bill credits that previously would have gone to large data center customers. "Both companies share the mindset that data centers need to pay their own way," John Ketchum, president and CEO of NextEra, said in an interview along with Dominion CEO Robert Blue. Virginia is home to a massive hub of data centers. A spokesperson for the Data Center Coalition, an industry association, didn't respond to requests for comment about the proposal to...
Keep reading with a free account
The rest of this article, and every signal for NextEra Energy, is in your free account.
