Climate group warns Virginia families could be left footing the bill for Big Tech’s power grab if merger goes through
RICHMOND, VA — The staff of Virginia’s State Corporation Commission (SCC) recommended on Monday that regulators deny NextEra Energy’s proposed $67 billion acquisition of Dominion Energy as currently proposed, concluding that the companies have not proven that “adequate service to the public at just and reasonable rates will not be impaired or jeopardized.” The same day, Governor Abigail Spanberger filed expert testimony urging the SCC to reject the deal unless NextEra and Dominion agree to freeze base residential rates for six years, triple customer bill credits, and accept structural reforms to ensure “large data centers bear the cost of their own energy needs — not families.”
In testimony filed yesterday, SCC staff found that the merger would expose Dominion to the financial and business risks of NextEra’s unregulated, competitive businesses. Staff also flagged Dominion’s growing dependence on buying power from the regional market – 25% of the electricity it supplied in 2025, compared with 3% at NextEra’s Florida Power & Light – and noted that rising purchased power costs “appear to stem from growth in data center customers.” The companies’ proposed $10-a-month residential bill credit would “only somewhat mitigate” steadily rising bills, staff concluded. When the credits run out in 2031, a typical residential bill is projected to jump nearly 8% in a single year, to $226.55 a month.
Victoria Higgins, Virginia Director of Chesapeake Climate Action Network (CCAN), issued the following statement:
“Yesterday, the Commission’s own experts and the Governor of Virginia corroborated what families across the Commonwealth have been saying: this merger is a bad deal for Virginia. NextEra isn’t coming to Virginia to lower anyone’s bills. It’s coming to cash in on the largest data center market in the world, and it’s counting on ordinary Virginians to bankroll the buildout.
The byzantine corporate structure that would be spawned by this acquisition exposes regulated customers in Virginia to immense risk, particularly as we face an onslaught of infrastructure requests from data centers. A temporary $10 credit is a rounding error next to the billions in new power plants and market purchases needed to feed Big Tech. The SCC should listen to its staff and reject this merger.”
SCC staff said it would not oppose the merger if the companies accept a lengthy list of additional conditions, including an independent Dominion board of directors, limits on dividends, a 10-year guarantee of current Virginia employment levels, and a requirement that Dominion retain “ultimate decision-making authority” over how it meets demand from large load customers. Governor Spanberger, the first Virginia governor to intervene in an SCC case, said she remains “deeply skeptical” that the merger, “as currently structured, will adequately protect consumers.” Earlier this month, Lt. Governor Ghazala Hashmi became the first statewide elected official to flatly oppose the deal. Last week, Dominion’s 2026 Integrated Resource Plan update projected that a typical residential bill would climb by more than $100 a month over the next two decades, driven in large part by data center demand.
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Chesapeake Climate Action Network is the first grassroots organization dedicated exclusively to raising awareness about the impacts and solutions associated with global warming in the Chesapeake Bay region. Founded in 2002, CCAN has been at the center of the fight for clean energy and wise climate policy in Maryland, Virginia, and Washington, DC.












