Reported Earlier, NextEra Energy And Dominion Energy File Rebuttal Testimony Regarding Their Merger To State Of Virginia With Additional Customer And Financial Protections
Benzinga Newsdesk 1 day ago
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Filed testimony reflects strong alignment with key conditions proposed by Commission Staff and the Office of the Attorney General Division of Consumer Counsel ensuring robust financial safeguards and independence for
Filed testimony reflects strong alignment with key conditions proposed by Commission Staff and the Office of the Attorney General Division of Consumer Counsel ensuring robust financial safeguards and independence for Dominion Energy Virginia.
Preserves all elements of existing benefits package, including delivering immediate bill relief and long-term affordability through four years of shareholder-funded residential bill credits and continued access to NextEra Energy’s capital, scale and proven ability to buy, build, finance and operate more efficiently.
Positions Virginia to meet extraordinary growth in electricity demand while preserving Dominion Energy Virginia's local leadership and full accountability to the Virginia State Corporation Commission.
Builds on NextEra Energy’s proven record at Florida Power & Light Company, where typical residential bills are 37% below the national average and reliability is more than 60% better than the national average.