D · 8-K · 20260914PR390654

Acquisition / Partnership / Divestiture

DOMINION ENERGY, INC · 2026-09-14 · Importance 65 · Surprise 60 · In source text

NextEra Energy and Dominion Energy announced an enhanced Virginia benefits package tied to their proposed combination, which remains subject to regulatory approvals and is expected to close in the second half of 2027. The package includes a Virginia Supplier Program with spending commitments of up to $1 billion annually for five years, supporting contractors, suppliers and service providers doing business in Virginia. It also proposes four years of residential bill credits of $10 per month, an additional $100 million for Dominion Energy’s EnergyShare program through 2038, and a $100 million workforce development fund. NextEra would add 600 direct Virginia jobs and build a shareholder-funded Richmond office tower; suppliers are expected to bring 400 additional jobs.

Key facts

• The proposed package would extend $10-per-month residential bill credits from two years to four years. source
• The companies continued to expect the transaction to close in the second half of 2027. source
• Dominion Energy and NextEra Energy announced an enhanced Virginia benefits package as part of their proposed combination on September 14, 2026. source
• The proposed combination would maintain current employee headcount levels in Virginia for five years. source
• The companies would host an annual global energy summit in Virginia. source
• More than nine other companies intend to establish or expand their presence in Virginia if the combination is approved. source
• The companies would contribute $100 million to support workforce development in Virginia. source
• The package would preserve Dominion Energy Virginia’s local leadership, workforce, oversight and energy mix, and keep it locally led, separately regulated and accountable to the SCC. source

Impact estimates