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New England states urge federal regulators to reject NextEra-Dominion merger

Attorneys general and ratepayer advocates from five New England states told the Federal Energy Regulatory Commission that the combined company would control all of the region's nuclear power and could drive up costs. Connecticut and Massachusetts led the filing.

A coalition of New England attorneys general and ratepayer advocates on Tuesday urged the Federal Energy Regulatory Commission to reject the proposed merger of NextEra Energy and Dominion Energy. The coalition argues that the combined company would hold unprecedented market power over the region's electricity supply, according to Connecticut Attorney General William Tong's office.

The attorneys general of Connecticut and Massachusetts co-led the protest. According to Tong's office, the merged company would own Seabrook Station in New Hampshire and Millstone Power Station in Connecticut. That would give it control of all of New England's nuclear generating capacity. The filing says that without those plants, the region's grid, which relies heavily on natural gas, would be vulnerable to rolling blackouts.

"The proposed merger is not in the public interest and poses significant threats to energy affordability, reliability, and competition," the states argue.

Nationally, the combined company would run the country's largest natural gas generation fleet and be its second-largest nuclear operator, Tong's office said. It would also be the largest owner of renewable and battery storage assets. The office said the merger would create the world's largest regulated electric utility by market capitalization, with a dominant position in regions seeing the most data center development.

The states pointed to the companies' past conduct in New England. They said Dominion once threatened to close Millstone to try to drive up state-backed contract prices for its output. They also said NextEra spent tens of millions of dollars trying to block the New England Clean Energy Connect, a hydroelectric transmission line. "The State Parties' concerns about potential bad faith, anti-competitive behavior by the merged company go beyond speculation," the protest states.

The attorneys general of Connecticut, Massachusetts, Maine and Rhode Island joined the protest. So did the New Hampshire Office of the Consumer Advocate, the Maine Office of the Public Advocate, the Rhode Island Division of Public Utilities and Carriers, the Connecticut Office of Consumer Counsel and the Connecticut Department of Energy and Environmental Protection.

The deal is also under review by the U.S. Department of Justice and the U.S. Nuclear Regulatory Commission. It requires approval from Virginia, North Carolina and South Carolina.

This brief was drafted by AI from a public agency or political press release and published by The New England Signal. Why we use AI for stories like this one.

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