NextEra Energy, Inc. (NYSE: NEE) and Dominion Energy, Inc. (NYSE: D) filed applications on July 15, 2026, seeking regulatory approval for their proposed merger with multiple state and federal agencies, including the Virginia State Corporation Commission, the North Carolina Utilities Commission, the Public Service Commission of South Carolina, the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission.

The transaction has been unanimously approved by the boards of both companies and is expected to close in the second half of 2027, pending shareholder approval, antitrust clearance and regulatory approvals.

Under the proposal, Dominion Energy customers in Virginia, North Carolina and South Carolina would receive $2.25 billion in bill credits over the first two years following the close, funded by shareholders. The companies have committed that merger-related costs will not be passed on to customers.

The combined company would serve approximately 10 million customer accounts and own or operate more than 110 gigawatts of electric generating capacity across renewables, battery storage, nuclear and natural gas. It would maintain dual corporate headquarters in Richmond, Virginia, and Juno Beach, Florida, with an operational headquarters in Cayce, South Carolina.

Dominion Energy's operating companies would remain separately regulated and locally led, with state commissions retaining oversight of rates, service and resource planning. Dominion Energy employees would receive 18 months of job protection after closing, with non-union employees receiving two years of current compensation and comparable benefits.

NextEra Energy Chairman, President and CEO John Ketchum said the combination is "about putting scale and a stronger, more comprehensive platform behind Dominion Energy's local teams so they can meet growing power demand while keeping bills affordable and service reliable."

Dominion Energy Chair, President and CEO Robert Blue said the deal "preserves the Dominion Energy utilities our customers know — the same local leaders, employees, regulatory oversight and commitment to an all-of-the-above energy mix — while adding capabilities that can help us build needed infrastructure more efficiently."

The combined company also plans to increase Dominion Energy's shareholder-funded charitable giving by $10 million annually for five years across Virginia, North Carolina and South Carolina.