NextEra Energy & Dominion Energy Announce Enhanced Virginia Benefits Package for Pending Merger

Executive Summary

On September 14, 2026, NextEra Energy, Inc. (NYSE: NEE) filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) detailing an enhanced regulatory and community benefits package submitted to the Virginia State Corporation Commission (SCC) in connection with its pending merger with Dominion Energy, Inc. (NYSE: D).

Key Highlights of the Enhanced Benefits Package

• Residential Ratepayer Relief: Doubling customer bill credits from two to four years ($10 per month) by redirecting credits away from large data center customers toward residential users and increasing aggregate shareholder funding.
• Low-Income Assistance: Adding $100 million to Dominion Energy's shareholder-funded EnergyShare program through 2038.
• Job Creation & Infrastructure:
  • Constructing a shareholder-funded co-headquarters tower in downtown Richmond adjacent to Dominion Energy's headquarters.
  • Adding 600 NextEra Energy enterprise jobs and an estimated 400 supplier jobs in Virginia.
  • Committing to maintain Dominion Energy Virginia's current headcount levels for at least five years.
• Local Governance & Separation: Dominion Energy Virginia will retain its brand, local executive leadership, separate regulation under the SCC, and its existing Virginia-based board structure.
• Supply Chain & Workforce Investment: Establishing a $100 million workforce development fund and up to a $1 billion annual, five-year Virginia Supplier Program.

Strategic & Regulatory Implications

The enhanced package is specifically designed to address stakeholder and regulatory pushback from Virginia regulators, policymakers, and consumer advocates regarding data center load impacts, ratepayer costs, and corporate governance. The transaction remains subject to SCC approval, Hart-Scott-Rodino clearance, and customary closing conditions, with closing anticipated in the second half of 2027.