Virginia Governor Abigail Spanberger has announced she will intervene in the proposed merger between NextEra Energy and Dominion Energy, citing concerns over rising electricity prices for consumers.
The governor’s move marks an unprecedented level of political engagement in the deal, which aims to create one of the largest power generation and distribution companies in the United States.
The merger, first reported by Axios, has been positioned to combine significant generation and distribution assets.
The intervention comes as voters in the state express growing frustration with utility bills.
Spanberger’s office indicated that the State Corporation Commission, which is tasked with reviewing the transaction, will now face heightened scrutiny.
The commission retains the authority to accept, reject, or impose conditions on the deal.
The merger, first reported by Axios, has been positioned to combine significant generation and distribution assets.