The details: The megamerger must get the rubber stamp from judges at VA’s Corporation Commission—and, for that to happen, state officials have proposed a list of 117 conditions. The companies accepted most of them…but had a few tweaks, NextEra wrote in a press release.
The companies’ new merger proposal includes 1) Four years of shareholder-funded customer bill credits 2) $100M in contributions to an energy assistance and weatherization fund and 3) a $100M investment in workforce development.
Yes, but: NextEra and Dominion rejected the suggestion to freeze rates for three years.
Thu, Nov 5
Molly Glick
Energy Central Team
NEWS: NextEra and Dominion are on board with most of the merger conditions laid out by Virginia officials.
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