NextEra Energy, Dominion announce benefits package to boost merger appeal
(Il Sole 24 Ore Radiocor) - Milano, 14 set - NextEra Energy and Dominion Energy announced a 'transformational' Virginia benefits package as part of their plans to combine in a 67 billion dollar merger.
The companies, looking to secure regulatory ppprovals for the tie-up, said their proposal put customers first by doubling residential bill credits from two years to four years, expanding low-income financial assistance by increasing Dominion Energy's shareholder-funded energy bill assistance program by 100 million dollars through 2038 and holding customers harmless from merger costs.
They said the move also protected retail customers from grid costs tied to Northern Virginia's rapidly expanding artificial intelligence data centers.
The concessions come as the two companies try to secure state regulatory approvals for a tie-up that would create the.
largest electricity producer in the US.
(RADIOCOR) 14-09-26 19:27:28 (0549) 5 NNNN