Lawmakers Urge FERC To Scrutinize $67 Billion NextEra-Dominion Merger

Democratic lawmakers on September 30, 2026, urged the Federal Energy Regulatory Commission to scrutinize and block the $67 billion proposed merger of NextEra Energy and Dominion Energy, saying it could raise electricity prices for millions.^[1]

NextEra said the deal would create the world's largest regulated electric utility and serve roughly 10 million customers in Florida, North Carolina, South Carolina and Virginia.^[1] The companies would also own all New England nuclear plants and expect the merger to close in mid- to late 2027.^[1]

The proposed merger was announced in May 2026.^[1] NextEra has proposed $2.25 billion in bill credits for Dominion customers over two years after closing, but lawmakers warned those credits may not translate into lasting savings for consumers.^[1] The National Energy Assistance Directors Association forecasts Americans will pay an average of $1,249 for electricity to heat their homes this winter, up more than 30% from last year.

Lawmakers told FERC to weigh the deal's effect on competition and consumers and to move cautiously before approving so large a consolidation.^[1]

1. CBS News