As of June 23, 2026, in a letter to the Federal Energy Regulatory Commission, Sen. Angus King, I-Maine, urged the agency to reject a planned merger between NextEra Energy and Dominion Energy, saying that NextEra engaged in anticompetitive behavior that hurt consumers. [1] He asserted that the combination would create “the largest electric utility in the United States, concentrating an unprecedented mix of merchant generation, rate-based generation, and transmission assets in the hands of a single company” that has a documented record of “using its market position…to suppress competition that threatens its merchant revenues.” The planned $67 billion merger would give the combined company 110 GW of generation and 10 million utility accounts in Florida, Virginia, North Carolina, and South Carolina. King contends that NextEra’s efforts to block the New England Clean Energy Connect project in 2021 is proof that the merger would harm ratepayers. He also cited NextEra’s recent agreement to pay $150 million to settle shareholder allegations that the company made misleading statements about its involvement in political interference schemes in Florida. He asserted that 3 features of the deal should be closely reviewed, since it would lead to a high concentration of merchant generation alongside rate-regulated power supplies.
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