NextEra Energy’s announced $66.8B merger to acquire Dominion Energy (NYSE:D) would create a massive combined utility, drawing political pushback as Sen. Angus King urged FERC to block the deal over concerns it would consolidate power and reduce competition across Dominion’s 10M+ customers.
Previous Week Recap
- NextEra To Buy Dominion Energy: NextEra Energy announced a merger agreement to acquire Dominion Energy for approximately $66.8 billion, creating a large combined energy company through the announced transaction.
- King Urges FERC To Block: Sen. Angus King urged FERC to block NextEra’s $66.8B takeover of Dominion Energy (D), saying the deal would consolidate power and cut competition across Dominion’s >10M customer service area.
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