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NextEra's $67 Billion Dominion Energy Bid Faces Opposition in Virginia

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NextEra Energy has proposed a $67 billion acquisition of Dominion Energy that would form the world's largest retail electricity company. The deal is meeting growing resistance in Virginia, where Governor Abigail Spanberger is pushing for a six-year rate freeze and $29 monthly bill credits for customers. NextEra has turned down the proposed rate freeze. Power bills in Virginia have climbed more than 10% over the past year, a rise linked to the surge in AI data centre construction. State regulators are expected to decide on the transaction in January.

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NextEra's $67 Billion Dominion Energy Bid Faces Opposition in Virginia · ShortSingh