Virginia panel warns Florida-based utility takeover could send power bills higher

Virginia panel warns Florida-based utility takeover could send power bills higher

Virginia officials and consumer groups are intensifying their opposition to Florida-based NextEra Energy's proposed $67 billion takeover of Dominion Energy, fearing that the merger could push electricity costs higher for households and businesses across the state. Those warnings were a central theme at an Aug. 30 forum in Chantilly, where critics said the transaction amounts to a power play that rewards executives and shareholders while leaving …