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

Merger Update Overview

On September 14, 2026, NextEra Energy, Inc. filed a communication pursuant to Rule 425 regarding its proposed business combination with Dominion Energy, Inc. The filing contains an internal message from John W. Ketchum, Chairman, President, and CEO of NextEra Energy, detailing an enhanced Virginia benefits package.

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Key Highlights & Commitments

• Ratepayer & Community Benefits:

  • Four years of residential bill credits (expanded from two years).
  • Expanded low-income customer support programs.
  • Protection for residential and small business customers from costs related to serving high-demand data centers.

• Workforce & Job Creation:

  • Commitment to maintain Virginia employee headcount levels for at least five years.
  • Creation of 600 new NextEra Energy jobs and approximately 400 supplier, vendor, and contractor jobs in Virginia.
  • Additional workforce development and supplier investments.

• Dual Headquarters & Infrastructure:

  • Construction of a new shareholder-funded dual headquarters tower in downtown Richmond, VA, fulfilling commitments to operate dual headquarters in Richmond and Juno Beach, FL.
  • Target to double the combined company's generation portfolio capacity by 2032.

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Expected Timeline & Conditions

• Contingency: All package commitments and capital investments remain contingent upon transaction closing.
• Regulatory Process: The proposed combination is subject to regulatory approvals and standard closing conditions.
• Expected Close: Second half of 2027.