The mammoth NextEra-Dominion merger is already sparking criticism. (Inside Climate News)
What consumer advocates say: The consolidation creates a political and financial behemoth—one that’ll be tough to effectively regulate. They also point to Florida Power & Light’s recent historic $7B rate hike, claiming it indicates where ratepayer leverage is headed.
Not so fast: The megamerger is far from a done deal. NextEra has a notoriously rocky track record with major corporate acquisitions—including failed talks with Duke Energy in 2020—and forces are already mobilizing for a fierce 12- to 18-month state and federal regulatory battle.