NextEra Energy, Inc. filed a Form 425 on November 6, 2026, disclosing social media and website posts linking to a Virginia Chamber of Commerce press release describing a Mangum Economics study on the projected economic impact of the proposed merger between NextEra Energy and Dominion Energy.

Key Highlights

  • Peak economic activity: The Mangum Economics study cited $2.27 billion in new economic activity at peak from the proposed merger, according to the filing.
  • Bill credits: The filing references $1.87 billion in shareholder-funded bill credits for Virginia consumers, including $500 in credits for the typical Virginia residential customer.
  • Jobs supported: The study reportedly found more than 9,300 positions supported at the peak of construction activities for the new NextEra Energy headquarters tower in Richmond.
  • Workforce development: The filing notes a $100 million workforce development fund and a $100 million expansion of the EnergyShare financial assistance program as part of the proposed deal.
  • Virginia Supplier Program: The combined companies committed to spending up to $5 billion over five years with Virginia-based manufacturers, contractors, suppliers, and service providers.
  • Employee protections: According to the filing, the deal includes an 18-month job protection pledge after closing for Dominion Energy employees and a commitment to maintain current Virginia employee headcount levels for five years.
  • Regulatory hearing: The Virginia State Corporation Commission was scheduled to hold a public hearing on November 5, 2026, as part of its merger evaluation process, the filing states.

NextEra Energy Shares Mangum Economics Findings on Dominion Merger Benefits

The Form 425 filing, submitted by NextEra Energy, Inc. (NYSE:NEE) pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, discloses that on November 6, 2026, NextEra Energy posted content on its website, LinkedIn, and X linking to a press release from the Virginia Chamber of Commerce. The subject company is Dominion Energy, Inc., with the related Form S-4 registration statement bearing File No. 333-297351.

The linked press release, authored by Julian Walker and dated November 5, 2026, describes findings from an independent economic impact study conducted by Mangum Economics and commissioned by the Virginia Chamber of Commerce. According to the filing, the study identifies several projected economic contributions. These include $720.3 million in economic output from $1.87 billion in shareholder-funded bill credits to Virginia customers in year one of a four-year program, $959.2 million in economic output from construction of a new NextEra Energy headquarters tower in Richmond, $332 million in ongoing economic output from 600 new NextEra Energy jobs, and $205.2 million in ongoing economic output from 400 new supplier jobs. The filing also notes $14.3 million in average annual economic output from $35 million in increased charitable giving over five years.

The filing quotes Brad N. Hall, President and CEO of the Virginia Chamber of Commerce, as stating that "this new analysis demonstrates that the proposed merger of Dominion Energy and NextEra Energy will deliver significant benefits for Virginians through new investment, job creation, workforce development support, and enhanced energy reliability." The filing contains forward-looking statements and notes that such statements are subject to risks, including failure to obtain required shareholder or regulatory approvals, potential failure to close the transaction, and the risk that expected benefits "may not be fully realized or may take longer to realize than expected," among other factors described in the filing's cautionary language.

What Was Disclosed

NextEra Energy filed a Form 425 disclosing November 6, 2026 social media posts linking to a Virginia Chamber of Commerce press release on a Mangum Economics study projecting economic, consumer, and employment benefits from the proposed Dominion Energy-NextEra Energy merger.