politics
NextEra and Dominion say they will merge, creating utility giant
Key takeaways
- The merger would create the world s largest regulated electric utility, the companies said in a press release.
- The move comes as electricity prices have been on the rise — up an average of 6.1 percent year-over-year in April across the country.
- In a statement, Next Era chairman, president and CEO John Ketchum cited the need to scale as electricity demand grows.
Why this matters: political developments that affect policy direction and public trust.
The merger would create the world s largest regulated electric utility, the companies said in a press release.
The move comes as electricity prices have been on the rise — up an average of 6.1 percent year-over-year in April across the country.
In a statement, Next Era chairman, president and CEO John Ketchum cited the need to scale as electricity demand grows.
Article preview — originally published by The Hill. Full story at the source.
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