The update: In the latest step toward their potential mega-merger, the two energy titans have submitted applications to state and federal agencies (including FERC and the Virginia State Corporation Commission). This marriage would create the world’s biggest regulated power utility.
The impact: If they get the go-ahead, the combined company would serve roughly 10M customers in the Carolinas, Virginia, and Florida—and own 110 GW of energy. Here’s what the massive deal signals for the industry.
Molly Glick
Energy Central Team
Thu, Jul 16