Dominion and NextEra merger

NextEra Energy, the Florida utility company, has agreed to buy Dominion Energy, the parent of the utility that serves most of Loudoun. Dominion Energy Virginia would become a NextEra subsidiary. The companies filed their joint petition with the SCC on July 15, 2026, and expect to close in the second half of 2027 if regulators approve.[2]

The deal is almost all stock. Dominion shareholders would get 0.8138 NextEra shares per Dominion share plus a one-time $360 million cash payment, and would own about 25.5 percent of the combined company. To win approval, NextEra offers $2.25 billion in bill credits across three states, about $1.78 billion of it for Virginia customers, spread over two years after closing.[2]

What it means for Loudoun

Every substation, power line and rate case in this county runs through Dominion. Under the deal, Dominion would answer to a new parent company. The Board of Supervisors does not have a vote here. Residents can comment and testify.

The SCC's chair, Kelsey Bagot, worked for NextEra before joining the SCC. On Aug. 17, 2026 she wrote to Senate Majority Leader Scott Surovell that "I have not found it necessary to issue a notification of recusal," and the letter was filed in the case the next day.[4]

What happens next

• Nov. 2: last day to register to speak at the November public witness hearings.
• Nov. 5, 9 and 10: public witness hearings by phone, plus an in-person session in Richmond on Nov. 5.
• Nov. 9: last day for written comments.
• Nov. 17: evidentiary hearing begins in Richmond.[1]

Who decides

The State Corporation Commission decides under Virginia's Utility Transfers Act. It extended its own deadline by 120 days because of the complexity of the case.[2]