NextEra Energy and Dominion Energy have expanded the commitments attached to their proposed merger with new provisions covering nuclear power development in Virginia. The updated package includes advancing nuclear energy and small modular reactor projects alongside solar, battery storage, and other dispatchable generation as the combined utility plans for future load growth in the state.
The companies also outlined customer-facing terms, including monthly bill credits for residential customers over four years and an additional $100 million in funding for a low-income energy assistance program through 2038. On the jobs side, the plan calls for roughly 1,000 new positions, split between direct NextEra hires and supplier jobs, along with a commitment to maintain current Virginia workforce levels for five years and $100 million earmarked for training and apprenticeship programs.
The filing also proposes up to $1 billion annually over five years in spending with Virginia-based contractors and suppliers, and a plan for NextEra to build a new office tower in Richmond adjacent to Dominion's headquarters.
The merger remains subject to regulatory approval, with the companies targeting a close in the second half of 2027. Virginia regulators and other stakeholders are expected to review the expanded terms as part of the ongoing approval process.
Source: Solar Quarter -- https://solarquarter.com/2026/09/22/nextera-energy-and-dominion-energy-unveil-virginia-package-to-accelerate-clean-energy-and-storage/