RICHMOND, VA (Rocktown Now) — Dominion Energy filed its application on Wednesday with the Virginia State Corporation Commission seeking approval of NextEra Energy’s proposed 67-billion-dollar acquisition.
The filing starts the clock for state regulators to determine whether the deal serves the public interest.
Virginia law gives regulators as little as 60 days to review what is reportedly the largest utility acquisition in US history, but the SCC and the General Assembly can extend this window if necessary for review.
Lieutenant Governor Ghazala Hashmi recently wrote a letter to SCC Commissioners calling for a stronger review framework and additional scrutiny of the proposed acquisition.
