Stop the $67 Billion NextEra Takeover of Dominion
A Florida mega-corporation wants to buy Virginia's power grid. Regulators have just six months to decide and once it's done, it can't be undone.
Tell the SCC: block this deal.
#2 in the US for shutoffs
NextEra disconnects more homes than almost any power company in America: 1.23 million shutoffs in a single year.
$7 billion in rate hikes
The largest utility bill hike in U.S. history was just approved for NextEra's customers in Florida.
$360m for shareholders, not us
Cash payment to Dominion shareholders, guaranteed at closing.
10 million customers
Customer accounts in FL, VA, NC, and SC NextEra would serve, making it the largest regulated electric utility in U.S.
You already pay too much for power.
This merger could make it worse, permanently.
You didn't get a vote when Dominion decided to sell itself. You don't get a vote on whether NextEra, a Florida company with a track record Virginians should be worried about, gets to run your electric grid. All you get is the bill.
If this $67 billion deal goes through, one of the biggest utility monopolies in the country becomes even bigger. Bigger monopolies don't mean better service or lower rates.
Historically, monopolies mean the opposite: higher bills, less accountability, and a corporate parent with no roots in Virginia and no reason to put our families first.
And it's happening fast. Under current state rules, the State Corporation Commission has just six months to review the largest utility merger in Virginia history. A deal this size deserves a full year of scrutiny.
NO VOTE.
Dominion decided to sell. NextEra decided to buy. Virginians decided nothing.
NO GUARDRAILS.
Nothing stops them from raising your rates, cutting corners on service and reliability or walking away from Virginia's clean energy laws.
NO TIME.
Regulators have 6 months to review the largest merger in VA history. The SCC comment period moves faster than most people will even hear about the deal.
Virginians, not Wall Street, should decide what happens to Virginia’s power grid.