NextEra Energy Issues Employee Newsletter Update on Proposed Dominion Energy Merger

Executive Summary

On September 29, 2026, NextEra Energy, Inc. filed a Form 425 communication with the SEC regarding its pending combination with Dominion Energy, Inc. The filing contains the inaugural issue of the NextEra Energy Merger Newsletter distributed to employees, alongside an internal intranet article detailing progress on the transaction, pending regulatory milestones, and enhanced commitments for the state of Virginia.

Key Transaction Highlights

• Shareholder Approval: Shareholders of both NextEra Energy and Dominion Energy approved the transaction in early September 2026.
• Expected Closing Timeline: The transaction is targeted to close in the second half of 2027, subject to customary regulatory approvals.
• Pending Regulatory Reviews: Reviews remain pending before state and federal agencies, including the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), and antitrust review under the Hart-Scott-Rodino (HSR) Act.
• Corporate Structure & Headquarters: NextEra Energy plans to maintain dual headquarters in Juno Beach, Florida, and Richmond, Virginia, proposing a new shareholder-funded co-headquarters tower in downtown Richmond.

Enhanced Commitments for Virginia

Following stakeholder engagement, the companies outlined an updated package of commitments:

• Residential Bill Relief: Extension of residential bill credits from two years to four years, plus an additional $100 million invested in EnergyShare through 2038.
• Employment Guarantees: Commitment to maintain existing Virginia headcount for at least five years post-close, alongside 600 new NextEra Energy jobs and approximately 400 new supplier jobs.
• Economic & Workforce Development: A $100 million workforce development fund and a Virginia Supplier Program pledging up to $1 billion annually over five years to support local supply chain participants.