November 10, 2026
Neighbors,
The State Corporation Commission (SCC) is currently reviewing a proposal by Dominion Energy and NextEra Energy for NextEra Energy to acquire Dominion Energy for $67 billion and a merger of both companies.
I have significant concerns and oppose this proposal — This merger would be a significant change in Virginia, with implications for millions of Virginia customers, our energy future, and the communities and workers who depend on Dominion Energy.
I am sharing an update on where things stand, the concerns I have raised with the SCC, and how you can weigh in on the proposal.
As always, let me know if you have questions or need assistance by calling my office at (804) 698-1018 or emailing me at DelKTran@house.virginia.gov.
Best, Kathy
Kathy KL Tran
Delegate
The Proposed Dominion Energy-NextEra Energy Merger
Dominion Energy and NextEra Energy announced a proposed $67 billion acquisition of Dominion Energy by NextEra Energy and a merger of both companies.
If approved, this merger would create the world’s largest regulated electric utility company. The new company would serve about 10 million customer accounts across Virginia, North Carolina, South Carolina, and Florida.
In addition to the SCC, the proposal has to be approved by the North Carolina Utilities Commission, the Public Service Commission of South Carolina, and federal agencies including the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission.
As part of its proposal, the companies have offered a package of benefits for Virginia. This includes bill credits of $10 per month for four years for residential customers (for a total of $480), an additional $100 million for Dominion’s EnergyShare assistance program through 2038, workforce development investments, and commitments to maintain Dominion’s current Virginia employee workforce for at least five years.
Virginia Must Come First — My Concerns
I oppose the proposed merger and submitted my concerns to the SCC. You can read my letter to the SCC here.
At the heart of my concerns is a simple question: How will Virginians benefit from this merger?
Dominion Energy and NextERA Energy are not prioritizing the interests of Virginia and its residents. Consider this: If regulatory approval is denied, NextEra Energy has agreed to pay Dominion Energy a $4.83 billion termination fee. This means that Dominion Energy stands to make more money if this merger fails for regulatory reasons than Virginia’s residential ratepayers would receive in relief if the deal goes through.
My opposition is rooted in concerns about rising electricity rates, protecting Virginia’s clean energy future, the long-term security of Virginia workers, maintaining high-quality customer service, and ensuring accountability and strong regulatory oversight of our Commonwealth’s largest electric utility.
This merger would create the largest regulated electric utility company in the world. I am highly skeptical that we will be able to ensure strict regulatory oversight of such a large, out-of-state company in order to keep electricity rates low and protect Virginians from all unknown risks this transaction could introduce.
I am also concerned that our largest energy monopoly would be owned by an out-of-state company embroiled in controversy over political interference.
While I believe the Commission should reject this proposal, I also recognize the Commission may continue its review and receive updated proposals from Dominion Energy and NextERA Energy. If so, then any proposal must include substantial, specific, and enforceable commitments that protect Virginians over the long term.
Specifically, I would like to see:
- Meaningful, long-term affordability measures: Stronger, lasting commitments to lower costs, including increased bill assistance and investments in Dominion’s Percentage of Income Payment Program (PIPP), which helps low-income households manage their energy bills.
- A commitment to Virginia’s clean energy goals: Continued progress towards the goals of the Virginia Clean Economy Act, with fair and transparent energy procurement that includes clean energy, protections for environmental justice communities and agricultural working lands.
- Long-term protections for Virginia workers: Stronger job security commitments beyond the proposed five-year guarantee and continued use of unionized labor.
- Accountable, high-quality customer service: Enforceable standards for outage response, customer communications, and transparent billing.
- Strong regulatory oversight: Full authority for Virginia regulators to set rates and enforce commitments, with protection ensuring Virginia ratepayers will never bear the costs or risks of NextEra’s operations elsewhere.
Virginia’s Approval Process
Under Virginia law, the companies must have the SCC’s approval in order to proceed. The SCC is an independent state agency responsible for, among other things, overseeing Virginia’s public utilities and protecting the interests of utility customers.
The SCC’s review will examine if the proposal meets Virginia’s legal requirements and if the transaction could jeopardize adequate electric service at reasonable rates. These considerations include evaluation of the companies’ financial and operational plans, proposed customer protections, and the potential consequences for Virginia ratepayers.
The SCC has collected input from interested stakeholders and the public. Last month, I attended a regional hearing at the Fairfax County Government Center to hear people’s priorities and concerns directly.
The next major milestone is the evidentiary hearing, which begins November 17. During this phase, the SCC will consider testimony and evidence from the companies and other parties involved in the case before making a decision. Their decision is due on January 11, 2027.
Submit Your Comments by November 12
The SCC is accepting written public comments on this case through Thursday, November 12, 2026.
You can submit comments online by visiting the SCC’s Dominion-NextEra Merger Updates page. Select the option to submit a written comment and reference Case No. PUR_2026-00112. Your comments will become part of the public record for the SCC’s consideration.
Your input is important, and I encourage you to share your comments with the SCC by the November 12 deadline.