---
title: "Dominion, NextEra propose $1 bln-a-year Virginia supplier program"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298926503.md"
datetime: "2026-09-14T13:32:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298926503.md)
  - [en](https://longbridge.com/en/news/298926503.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298926503.md)
generator: "portal-rs"
---

# Dominion, NextEra propose $1 bln-a-year Virginia supplier program

Sept 14 (Reuters) - Dominion Energy (D.N) and NextEra Energy (NEE.N) on Monday said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved.

They announced merger plans in May, as rising power demand from data centers, electric vehicles and other industries drives a renewed wave of utility consolidation.

-   NextEra and Dominion said the new program would direct spending toward contractors, suppliers and service providers in Virginia.
-   They proposed extending monthly $10 bill credits to four years from two and increasing Dominion’s low-income financial assistance by $100 million through 2038.
-   The commitments include a $100 million workforce development fund, an annual energy summit in the state and maintaining the current employee headcount there for five years.
-   The combined company will get a shareholder-funded co-headquarters tower in state capital Richmond.
-   Virginia Governor Abigail Spanberger said in August she would intervene in regulatory review of the merger, pressing for commitments on power affordability, job protections and clean energy investments.
-   Shareholders of both companies approved the proposed $66.8 billion merger earlier this month. The deal, awaiting regulatory approvals, is expected to close in the second half of 2027.

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- [NEE-U.US](https://longbridge.com/en/quote/NEE-U.US.md)
- [NEE-S.US](https://longbridge.com/en/quote/NEE-S.US.md)
- [NEE-V.US](https://longbridge.com/en/quote/NEE-V.US.md)

## Related News & Research

- [NextEra Energy Targets Top End of 2026 Adjusted EPS Guidance of $3.92-$4.02](https://longbridge.com/en/news/304864204.md)
- [NextEra, Dominion Strengthen Merger Protections With $5 Bln Virginia Investment](https://longbridge.com/en/news/304119491.md)
- [Nextera Energy, Inc. Long-Term Financial Expectations Remain Unchanged](https://longbridge.com/en/news/302563266.md)
- [D: Q3 earnings advanced, but impairments cut nine-month profits as merger reviews continued](https://longbridge.com/en/news/303776311.md)
- [NextEra and Dominion Have a Deal—Now Comes the Hard Part](https://longbridge.com/en/news/302879715.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**