Dominion-NextEra Accept some Proposed Protections in Va. Merger Case, Rejects Rate and Staffing Freeze – WTOP News
The companies accepted 101 of 117 proposed conditions and added bill credits, EnergyShare funding and governance safeguards for Virginia customers.
- On Tuesday, NextEra Energy and Dominion Energy filed rebuttal testimony with the Virginia State Corporation Commission, strengthening their proposed $67 billion merger with additional customer and financial protections.
- The move follows recommendations last month from SCC staff and Governor Abigail Spanberger to deny the merger, prompting the companies to accept 101 of 117 proposed conditions.
- Commitments include four years of shareholder-funded bill credits, $100 million for EnergyShare, and up to $5 billion over five years through the Virginia Supplier Program supporting local manufacturers.
- Dominion Energy CEO Bob Blue and NextEra Energy CEO John Ketchum confirmed the proposal maintains Dominion Energy Virginia's current headcount for five years while creating 1,000 new jobs.
- An evidentiary hearing begins November 17, with the Commission evaluating testimony before issuing a final decision by January 11, according to SCC information resources director Greg Weatherford.
21 Articles
21 Articles
Dominion-NextEra accept some proposed protections in Va. merger case, rejects rate and staffing freeze – WTOP News
In the final days before the Dominion Energy and NextEra merger case is set to begin at the State Corporation Commission, the companies are responding to a list of recommendations and conditions that staff members at the SCC and the Attorney General’s Office laid out as critical changes needed before commissioners approve the merger.
LoudounTimes.com
Dominion-NextEra accept some proposed protections in merger case, rejects rate and staffing freeze
In the final days before the Dominion Energy and NextEra merger case is set to begin at the State Corporation Commission, the companies are responding to a list of recommendations and conditions that staff members at the SCC and the…
Richmond Times-Dispatch
Danville Register & BeeDominion: OK with most merger conditions, seeks some changes
It’s called rebuttal testimony, but Dominion Energy’s response to key conditions that regulators want to see put on the company’s merger with NextEra Energy was to say it'd go along with them for the most part.
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