Dominion Energy stock faces fresh merger opposition from Virginia lawmakers

Five Virginia members of Congress have urged state regulators to reject the proposed combination of Dominion Energy and NextEra Energy, adding fresh political opposition before the next phase of the review. The lawmakers submitted their position on Thursday, November 12, according to Virginia Mercury.

Ratepayer concerns shape the review

The delegation said the proposed transaction could create sustained pressure on Virginia households and small businesses as the state expands infrastructure for its data-center industry. The representatives argued that the safeguards offered by the companies do not go far enough, citing the absence of a base-rate increase moratorium, a cap on certain rate adjustments and a binding mechanism to pass operating savings to customers.

The lawmakers also questioned the longer-term effect of the proposed deal on Dominion's Virginia workforce and customer costs. Dominion and NextEra have presented the combination as a way to increase purchasing power for energy infrastructure, while opponents remain focused on how future investment would be allocated between large-load customers and households.

Regulatory timetable moves closer

The evidentiary phase of the case, including witness testimony and cross-examination, is scheduled to begin on November 17. The Virginia State Corporation Commission is expected to decide the merger application by January 11, 2027.

Dominion Energy stock last traded at 61.33 euros on Lang & Schwarz at 11:18 CET on Saturday, November 14.

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