NextEra Energy and Dominion Energy announce transformational Virginia benefits package that puts customers first and positions the Commonwealth as a global ener

NextEra Energy and Dominion Energy announced a Virginia benefits package tied to their proposed merger, including four years of residential bill credits and long-term affordability measures. The package redirects credits from data centers to provide additional relief for residential customers, with no costs passed to customers. Dominion Energy’s EnergyShare program would receive an additional $100 million through 2038 to expand low-income financial assistance.

The companies reaffirmed support for policies protecting residential and small business customers from data center-related costs, aligning with Dominion’s GS-5 rate class and Virginia’s recent legislation. The package leverages NextEra’s scale to accelerate clean energy deployment, including solar, storage, and nuclear, while maintaining Dominion Energy Virginia’s local leadership and SCC oversight.

NextEra Energy would add 600 new jobs in Virginia and maintain current employee headcount levels for five years, with suppliers expected to bring 400 additional jobs. A new shareholder-funded office tower in Richmond would serve as a co-headquarters, supporting roles in renewable energy, battery storage, nuclear innovation, and cybersecurity.

The expanded package aims to position Virginia as a global energy leader by combining Dominion’s local operations with NextEra’s scale and efficiency. Benefits include accelerated clean energy infrastructure, long-term affordability, and economic development, with future base rates continuing to be set by the State Corporation Commission.