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NextEra and Dominion seek approval for combined power company
The proposed deal would unite utilities serving about 10 million customers across the Southeast under a single company structure, pending regulatory review.
NextEra and Dominion have filed with regulators in three states and at the federal level to approve a transaction that would combine their operations into a larger power company, according to The New York Times Business.
The proposal centers on creating a combined utility serving roughly 10 million customers across the Southeast, subject to approvals from the relevant authorities.
The filings indicate the companies are pursuing both state-level and federal clearance as part of the approval process for the deal.