Virginia Governor Abigail Spanberger will formally intervene in the state review of the proposed $67 billion merger between NextEra Energy and Dominion Energy. This action marks an unprecedented move by a Virginia governor before the State Corporation Commission (SCC).
Spanberger expressed deep skepticism regarding the sale of Virginia's largest power company to an out-of-state entity. The intervention grants the administration legal rights to request detailed information and raise formal concerns.
The governor identified three priorities: maintaining affordable energy bills, protecting the utility workforce, and advancing state clean energy goals. This merger would create the largest regulated utility in the United States.
The move introduces significant political and regulatory risk to the $67 billion transaction.