A report from the Institute for Energy Economics and Financial Analysis (IEEFA) warns that the proposed merger between NextEra Energy and Dominion Energy could hinder Virginia’s clean energy transition. Published on October 8, 2026, the analysis notes that an updated merger agreement makes no mention of offshore wind, a key part of Dominion’s current strategy.
Dominion’s Coastal Virginia Offshore Wind project is more than 80% complete. IEEFA says NextEra has historically been dismissive of offshore wind and suggests its omission from merger plans could signal a shift away from the technology.
The proposed merger is valued at $67 billion and is under review by state regulators, who are examining its potential impact on Virginia.