NextEra-Dominion merger stories - Richmond Times-Dispatch
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Residential ratepayers would see credits on their power bills for twice as long as first proposed under a series of revisions to NextEra Energy 's $67 billion bid to acquire Dominion Energy . The extension would come from redirecting credits to residential customers that would otherwise go to data centers. Dominion Energy's headquarters, the Thomas F. Farrell II Building, is pictured on the right in 2020. The facility opened in 2019. John Ketchum is the president and CEO of NextEra Energy. Residential ratepayers would see credits on their power bills for twice as long under a series of revisions to NextEra Energy's bid to acquire Dominion Energy. Proponents say data centers bring localities enormous revenues and opportunities. Opponents raise concerns about their big demands for power and compatibility with neighborhoods. Data center developers are now eyeing the Richmond area. While counties welcome the sites' tax revenues, residents' concerns have prompted developers to withdraw some proposals and Henrico imposed further oversight. These buildings that house key IT infrastructure are big, expensive and need a lot of energy but promise big revenues for localities. The state's telecommunications infrastructure, tax breaks, workforce and officials' welcoming attitude have helped make Virginia the world's data center capital. The 451 now running in Virginia, home to the...
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