Description
Title: To approve of the City’s participation as Respondent in the Commonwealth of Virginia State Corporation Commission Case No. PUR-2026-00112, Joint Petition of Dominion Energy, Inc., Virginia Electric and Power Company, OSW Project LLC, WG Development Corp., CS HoldCo, LLC, and NextEra Energy, Inc. for approval of a disposition and acquisition of control of a public utility pursuant to Chapter 5 of Title 56 of the Code of Virginia.
Summary
On September 8, 2026, the City of Richmond introduced Resolution No. 2026-R034 to participate as a Respondent in State Corporation Commission Case No. PUR-2026-00112. This case involves a joint petition from several energy companies, including Dominion Energy and NextEra Energy, seeking approval for a significant utility acquisition valued at approximately $67 billion. This merger aims to create the world's largest regulated electric utility, which has implications for electricity rates and services for all Richmond residents. By participating, the City intends to review relevant documents and provide testimony, ensuring that local interests are represented in this critical decision-making process.
Questions about this legislation
No questions yet.