Press Release: 9/30/2026

AG Campbell Co-Leads Coalition Urging Federal Energy Regulators To Reject NextEra/Dominion Merger

9/29/2026

 

BOSTON — Massachusetts Attorney General Andrea Joy Campbell today co-led a coalition of state attorneys general, state energy and environmental protection agencies, and state ratepayer advocates urging the Federal Energy Regulatory Commission (FERC) to reject the proposed merger between NextEra Energy and Dominion Energy to form a combined energy behemoth that would control 100 percent of nuclear power generation and almost 25 percent of all electricity generation in New England. The new combined company would be unprecedented in size, scope, and market penetration, increasing market concentration and incentives for the company to drive up costs at the expense of ratepayers and states.     

The transaction is being reviewed by FERC, the U.S. Department of Justice, and the U.S. Nuclear Regulatory Commission, and also requires approval from the states of Virginia, North Carolina, and South Carolina.  

The coalition argues the proposed merger threatens energy affordability, reliability, and competition and is not in the public interest. If approved, the new company would operate the largest natural gas generation fleet in the country, be the second-largest nuclear operator nationally, and be the largest owner of renewable and battery storage assets. The proposed merger would create the world’s largest regulated electric utility by market capitalization and would also hold a dominant position in regions of the country experiencing the greatest data center development.    

The combined company would own Seabrook Station in New Hampshire and Millstone Power Station in Connecticut, thus controlling 100 percent of New England’s nuclear generating capability. These units play a critical role in the reliability of the New England grid, which is heavily reliant on generation fueled by natural gas, which is price volatile and often in short supply during winter months. Eliminating competition between these nuclear units could lead to price increases for consumers, and consolidating ownership and control of these units could impact the reliability of the New England grid, with very few resources that could fill the void.  

The coalition argues both companies have already shown willingness to leverage their energy and financial assets in New England to enhance their bottom lines at the expense of ratepayers. Dominion has previously threatened to close the Millstone nuclear plant in order to try to drive up state-backed contractual prices for its output, while NextEra spent tens of millions of dollars to try to block the New England Clean Energy Connect, a new hydro transmission line aimed at enhancing energy resilience in the region.

The coalition additionally argues the proposed merger exposes New England ratepayers to substantial risks without any discernable benefits, and that the merger is not in the public interest, is not consistent with FERC’s standards, and should be rejected.  

Joining AG Campbell in the intervention are the attorneys general of Connecticut, Maine and Rhode Island, along with the New Hampshire Office of the Consumer Advocate, Maine Office of the Public Advocate, Rhode Island Division of Public Utilities and Carriers, Connecticut Office of Consumer Counsel, and Connecticut Department of Energy and Environmental Protection.