$NEE

Dominion Energy (D) maintained its quarterly dividend at $0.6675 per share, with shares down 8.84% in a month. Operating EPS beat estimates, but GAAP EPS fell due to impairments. The company is pursuing a $66.8B merger with NextEra Energy (NEE), with regulatory approvals pending. Dominion's dividend is covered by earnings, but growth is stalled due to deleveraging and capital expenditures.

Dominion Energy and NextEra Energy have scheduled in-person hearings for their proposed $67 billion merger, with the State Corporation Commission set to decide by January 2027. The companies plan to enhance customer benefits, including new jobs and bill credits, to address regulatory and public concerns. The merger faces hurdles from state and federal regulators, with a potential close in late 2027.

Clean Virginia requests regulators review NextEra Energy's past political activity and failed takeovers before approving its $14 billion merger with Dominion Energy, citing potential customer risks. Dominion disputes the relevance, stating the allegations involve past employees. The State Corporation Commission will decide if the request is valid.

Virginia's attorney general requested regulators to restart their review of the $67B Dominion Energy-NextEra Energy merger, citing new terms. The revised deal includes residential bill credits and job protections. A decision may now be delayed to March.

The fire suppression systems at the Cove Hollow battery storage facility in East Hampton remain unclear. NYSERDA is reviewing fire safety data and may update rules. NextEra Energy, which operates the facility, did not respond to inquiries. Contaminated water was found near the plant, leading some officials to call for its shutdown. The facility previously used a fire suppression chemical linked to groundwater contamination.

A Virginia SCC hearing addressed allegations of secret documents in the proposed Dominion Energy (D) and NextEra Energy (NEE) merger. Clean Virginia claims a 155-page memo shows NextEra's past political funding, while NextEra denies the accusations. The SCC will decide on document release. Dominion has contributed $57M to campaigns since 2005.

Alabama Attorney General Jay Jones asked regulators to reset the 180-day review period for the $67B Dominion Energy-NextEra Energy merger, citing significant new conditions. The companies proposed extended bill credits, job protections, and economic initiatives. Jones argues the changes warrant a restart of the review clock. The SCC must decide by January 11 unless the period is reset.

Dominion Energy and NextEra Energy are enhancing their merger terms by doubling billing credits to $20/month for 4 years for 2.7M Virginia ratepayers, adding jobs, and clean-energy investments. The deal, valued at $67B, requires regulatory approval. South Carolina customers receive smaller credits, sparking local concerns. NextEra aims to create the world's largest regulated power utility, focusing on AI-driven data center demand.

NextEra Energy revised its $67 billion merger agreement with Dominion Energy, extending bill credits for residential ratepayers. Virginia officials, including Lt. Gov. Ghazala Hashmi and Gov. Abigail Spanberger, have expressed concerns. The State Corporation Commission will hold public hearings. Fourteen Democratic lawmakers requested a special session to extend the review period. The merger, if approved, would create the world's largest electric utility company.

Virginia AG Jay Jones asked the State Corporation Commission to restart the review process for the proposed merger between Dominion Energy and NextEra, arguing new commitments amount to an amendment. The companies offered new promises, including doubling bill credits and creating jobs. Jones seeks more time to review these changes, which could delay the merger decision to January 2027. The SCC will decide if the new commitments warrant a reset of the review timeline.