Virginia Governor Seeks 6-Year Rate-Freeze If Dominion-NextEra Merger Is Approved

What happened: Virginia Gov. Abigail Spanberger proposed a six-year freeze on base residential electricity rates and other conditions for state regulators to impose if they approve the Dominion Energy and NextEra Energy merger. Key numbers: $67 billion merger value. Six-year rate freeze proposed. Why it matters: The governor's filing adds to opposition from Virginia's attorney general and SCC staff, who oppose the deal unless their terms are agreed to. Dominion and NextEra said they are reviewing the filings and will address issues through the Commission's process.

Virginia Gov. Abigail Spanberger proposed a six-year freeze on base residential electricity rates and other conditions for state regulators to impose if they approve the Dominion Energy and NextEra Energy merger.

The governor's filing adds to opposition from Virginia's attorney general and SCC staff, who oppose the deal unless their terms are agreed to. Dominion and NextEra said they are reviewing the filings and will address issues through the Commission's process.