governorswindenergycoalition.org: https://governorswindenergycoalition.org/how-a-power-megamerger-could-lower-bills-and-still-rile-affordability-politics/

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Subject: W000805
Source: GDELT news · original
Published: Tuesday, May 19, 2026

How a power megamerger could lower bills — and still rile affordability politics - Governors' Wind Energy Coalition Governors' Wind Energy Coalition Governors' Wind Energy Coalition About Members Coalition Members Affiliate Members Publications & Resources Letters & Presentations June 19, 2015 Presentations News Contact Home » News » How a power megamerger could lower bills — and still rile affordability politics How a power megamerger could lower bills — and still rile affordability politics Source: By Joel Kirkland, E&E News • Posted: Tuesday, May 19, 2026 Virginia could be a major bump in the road for NextEra’s proposed $67 billion merger with Dominion Energy. Democratic Gov. Abigail Spanberger, elected to office in November, ran on holding c

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How a power megamerger could lower bills — and still rile affordability politics - Governors&#039; Wind Energy Coalition Governors&#039; Wind Energy Coalition Governors&#039; Wind Energy Coalition About Members Coalition Members Affiliate Members Publications &#038; Resources Letters &#038; Presentations June 19, 2015 Presentations News Contact Home &raquo; News &raquo; How a power megamerger could lower bills — and still rile affordability politics How a power megamerger could lower bills — and still rile affordability politics Source: By Joel Kirkland, E&E News &#8226; Posted: Tuesday, May 19, 2026 Virginia could be a major bump in the road for NextEra’s proposed $67 billion merger with Dominion Energy.  Democratic Gov. Abigail Spanberger, elected to office in November, ran on holding costs down for households seeing higher utility bills. Bryan Woolston/AP The largest power industry merger in American history could lower electricity bills and accelerate an infrastructure build-out to power more data centers — if it can get past the affordability-politics buzzsaw. The proposed tie-up, announced Monday, is designed for the age of AI. It would create a power behemoth on par with the world’s largest oil companies, made up of the country’s largest utility — NextEra Energy — and the one with the world’s largest concentration of data centers, Dominion Energy. “I can’t stress enough that this is the defining moment,” NextEra CEO John Ketchum said Monday in an investor call. “The country needs more energy infrastructure built faster, more efficiently, and more affordably than ever before. Combining two great American companies can better achieve the speed and scale this moment demands.” Ketchum said the agreement would result in lower costs for Dominion’s customers in Virginia, North Carolina and South Carolina through a two-year $2.25 billion payment that would knock off roughly $25 a month through 2028. But elected officials in Virginia, where Dominion is a powerful fixture in the commonwealth’s politics, are wary of NextEra’s claims that a combination creating a dominant utility holding company can hold down costs for ratepayers in the long term. “This merger needs to be strongly scrutinized for how it will impact energy bills,” Rep. Suhas Subramanyam (D-Va.), whose district includes “Data Center Alley” in northern Virginia, said in a statement. “A company that specializes in building energy infrastructure just bought a company that likes to increase rates for new infrastructure.” The deal has to pass muster with federal regulators as well. Industry analysts say they expect it to get approval from the Federal Energy Regulatory Commission, which is under pressure from the Trump administration to speed data center connections to the nation’s regional power grids. “With this administration so focused on winning the AI war, they’re going to do whatever it takes to try to help companies respond to the demand for gigawatts,” said James West, an analyst a

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