FAQ
Transaction Overview
Why are NextEra Energy and Dominion Energy proposing to combine?
Through this combination, Dominion Energy and NextEra Energy would be better positioned to serve customers across four of the nation's fastest-growing states amid rapidly growing electricity demand. By combining Dominion Energy's local strengths with NextEra Energy's added resources, balance sheet strength, supply chain expertise, construction experience and operating capabilities, the combined company would be better positioned to buy, build, finance and operate the energy infrastructure customers need more efficiently while helping meet that demand reliably and affordably over the long term.
Has the transaction closed?
No. The transaction has not closed and remains subject to required regulatory approvals and customary closing conditions.
When is the transaction expected to close?
The companies currently expect the transaction to close by the second half of 2027, subject to required regulatory approvals and customary closing conditions.
What approvals are required?
The transaction has been unanimously approved by the boards of directors of both companies. The transaction is expected to close in the second half of 2027, subject to customary closing conditions and approvals by the shareholders of NextEra Energy and Dominion Energy, state regulatory review and approval from the Virginia State Corporation Commission, the North Carolina Utilities Commission and the Public Service Commission of South Carolina, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approval by the Federal Energy Regulatory Commission under Section 203 of the Federal Power Act and approval by the Nuclear Regulatory Commission.
The Proposed Combination
How would the proposed combination enhance capabilities?
The combined company expects to deploy approximately $59 billion in smart capital investments annually from 2027 through 2032. The combined company’s added scale, capabilities and a strong balance sheet would enhance its ability to buy, build, finance and operate energy infrastructure efficiently while maintaining a focus on affordability and reliability.
How could customers benefit from the proposed combination?
The combined company would maintain a focus on affordability and reliability. Subject to closing, Dominion Energy customers in Virginia, North Carolina and South Carolina would receive approximately $2.25 billion in shareholder-funded bill credits distributed over the first two years following closing.
Leadership and Local Operations
Who would lead the combined company?
NextEra Energy’s John Ketchum will serve as Chairman and Chief Executive Officer (CEO) of the combined company, and Dominion Energy’s Robert Blue will serve as president and CEO of regulated utilities and as a member of the Board of Directors. Leadership at the regulated utilities would remain the same as it is today with Edward Baine leading Dominion Energy of Virginia and North Carolina; Keller Kissam, leading Dominion Energy South Carolina; and Scott Bores leading Florida Power & Light Company.
Where would the combined company be headquartered?
The combined company will maintain dual headquarters in Richmond, Virginia, and Juno Beach, Florida, along with Dominion Energy's operating headquarters in Cayce, South Carolina.
Employees
What does this combination mean for Dominion Energy employees?
Subject to closing, Dominion Energy employees would receive 18 months of job protection after closing; non-union employees would receive two years of current compensation and comparable benefits. Collective bargaining agreements would continue according to their terms.
Transaction Overview
Why are NextEra Energy and Dominion Energy proposing to combine?
Through this combination, Dominion Energy and NextEra Energy would be better positioned to serve customers across four of the nation's fastest-growing states amid rapidly growing electricity demand. By combining Dominion Energy's local strengths with NextEra Energy's added resources, balance sheet strength, supply chain expertise, construction experience and operating capabilities, the combined company would be better positioned to buy, build, finance and operate the energy infrastructure customers need more efficiently while helping meet that demand reliably and affordably over the long term.
Has the transaction closed?
No. The transaction has not closed and remains subject to required regulatory approvals and customary closing conditions.
When is the transaction expected to close?
The companies currently expect the transaction to close by the second half of 2027, subject to required regulatory approvals and customary closing conditions.
What approvals are required?
The transaction has been unanimously approved by the boards of directors of both companies. The transaction is expected to close in the second half of 2027, subject to customary closing conditions and approvals by the shareholders of NextEra Energy and Dominion Energy, state regulatory review and approval from the Virginia State Corporation Commission, the North Carolina Utilities Commission and the Public Service Commission of South Carolina, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, approval by the Federal Energy Regulatory Commission under Section 203 of the Federal Power Act and approval by the Nuclear Regulatory Commission.
The Proposed Combination
How would the proposed combination enhance capabilities?
The combined company expects to deploy approximately $59 billion in smart capital investments annually from 2027 through 2032. The combined company’s added scale, capabilities and a strong balance sheet would enhance its ability to buy, build, finance and operate energy infrastructure efficiently while maintaining a focus on affordability and reliability.
How could customers benefit from the proposed combination?
The combined company would maintain a focus on affordability and reliability. Subject to closing, Dominion Energy customers in Virginia, North Carolina and South Carolina would receive approximately $2.25 billion in shareholder-funded bill credits distributed over the first two years following closing.
Leadership and Local Operations
Who would lead the combined company?
NextEra Energy’s John Ketchum will serve as Chairman and Chief Executive Officer (CEO) of the combined company, and Dominion Energy’s Robert Blue will serve as president and CEO of regulated utilities and as a member of the Board of Directors. Leadership at the regulated utilities would remain the same as it is today with Edward Baine leading Dominion Energy of Virginia and North Carolina; Keller Kissam, leading Dominion Energy South Carolina; and Scott Bores leading Florida Power & Light Company.
Where would the combined company be headquartered?
The combined company will maintain dual headquarters in Richmond, Virginia, and Juno Beach, Florida, along with Dominion Energy's operating headquarters in Cayce, South Carolina.
Employees
What does this combination mean for Dominion Energy employees?
Subject to closing, Dominion Energy employees would receive 18 months of job protection after closing; non-union employees would receive two years of current compensation and comparable benefits. Collective bargaining agreements would continue according to their terms.