NextEra Energy and Dominion Energy File Rebuttal Testimony on Proposed Merger

Regulatory Update: NextEra Energy & Dominion Energy Business Combination

Dominion Energy, Inc. filed Form 425 pursuant to Rule 425 under the Securities Act of 1933, sharing a press release regarding rebuttal testimony submitted to the Virginia State Corporation Commission (SCC) in connection with its pending merger with NextEra Energy, Inc.

Key Highlights of the Filing:

1. High Regulatory Alignment:

   • Of the 117 conditions proposed by SCC Staff and the Office of the Attorney General Division of Consumer Counsel, the companies accepted 101 conditions as proposed and another 13 with enhancements/modifications.
   • Enhanced safeguards focus on ring-fencing Dominion Energy Virginia, independent oversight, and board representation while retaining access to NextEra's capital.

2. Customer & Community Commitments:

   • Four years of shareholder-funded residential bill credits.
   • $100 million for EnergyShare assistance and weatherization programs.
   • $100 million for workforce development and skilled-trades training.
   • Net creation of 1,000 jobs (600 direct NextEra Energy jobs, ~400 contractor/supplier roles).
   • Five-year headcount protection for existing Virginia employees.
   • Construction of a shareholder-funded office tower in downtown Richmond and commitment to maintain dual headquarters.
   • Up to $5 billion over five years directed toward Virginia-based suppliers and contractors.

3. Closing Timeline:

   • The transaction remains subject to required regulatory approvals and customary closing conditions, with closing anticipated in the second half of 2027.