Dominion/NextEra File to Merge; Greens Try but Fail to Stop Clock

Back in May we brought you the news that NextEra Energy is buying and merging with Dominion Energy in a deal valued around $66.8 billion (see NextEra Energy Buying, Merging with Dominion Energy for $66 Billion), followed by our rundown of the Marcellus/Utica projects that may be affected (see M-U Projects Potentially Impacted by NextEra/Dominion Merger). On July 15, the two companies stopped talking and started filing. They submitted applications to five separate regulators: the Virginia State Corporation Commission (SCC), the North Carolina Utilities Commission, the Public Service Commission of South Carolina, the Federal Energy Regulatory Commission (FERC), and the Nuclear Regulatory Commission (NRC). The Virginia filing is the big one — it started a statutory clock that runs out January 11, 2027. And the anti-fossil fuel crowd in Richmond immediately tried to jam that clock.

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