See below for a press release from Clean Virginia, which is asking Virginia regulators to delay formal review of the proposed $66.8B NextEra-Dominion merger, arguing that the application filed with the State Corporation Commission (SCC) omits key information needed to evaluate whether the transaction serves the public interest. Clean Virginia argues that the SCC should require the companies to complete the filing before the statutory review period begins. For more background on this issue, see Dominion Files NextEra Merger Application, Starts Clock Ticking on Proposed $66.8B Deal, Virginians Face Mounting Energy Costs — a NextEra Merger Could Drive Rates Even Higher, Video: Public Utility Law Expert Tells VA Energy Commission That Dominion Is “selling control of [its] monopoly role to an outsider [NextEra]”, Ivy Main: “One thing is abundantly clear: NextEra and Dominion are focused on data centers, not residential ratepayers.”, etc.
Clean Virginia Challenges Incompleteness of NextEra-Dominion Merger Application, Demands SCC Require Critical Information Before Review Clock Starts
Regulatory Filing Identifies Nine Major Gaps in $67 Billion Utility Merger Application
Richmond, VA — Clean Virginia today filed a motion with the State Corporation Commission arguing that NextEra Energy’s $67 billion acquisition of Dominion Energy cannot move forward under the statutory review timeline unless and until the joint petitioners file a complete application containing critical missing information including how the acquisition would be structured, who would control Dominion’s operations, how the massive $12.5 billion premium to shareholders would affect ratepayers, and whether NextEra’s history of failed acquisitions poses risks to Virginia’s electricity system.
The Motion to Deem Petition Incomplete, filed in Case No. PUR-2026-00112, identifies nine substantive gaps in the application filed by NextEra and Dominion on July 15, 2026. Clean Virginia argues that the law’s requirement for the Commission to review a “completed application” means the statutory review clock should not begin until the Commission determines that the joint petitioners have supplied the information necessary to evaluate whether the acquisition of control will impair or jeopardize adequate electric service at just and reasonable rates.
“The statute gives the Commission up to 180 days to evaluate the largest utility merger in U.S. history,” said Brennan Gilmore, Executive Director of Clean Virginia. “But that timeline collapses if the application is incomplete on day one. Every day consumed by discovery gaps and unanswered questions is a day stolen from the Commission’s ability to protect Virginia’s customers. The joint petitioners cannot be allowed to start the clock running on an incomplete filing.”
Clean Virginia has requested expedited treatment of the motion, arguing that every day the threshold question of application completeness remains open is another day lost in the scarce review time that Virginia law allocates to the acquisition evaluation.
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Clean Virginia is a nonprofit advocacy organization dedicated to removing corporate money from Virginia politics and reforming utility regulation to put customers first. Learn more at cleanvirginia.org.
