NextEra's Florida Record: A Virginia Merger Warning

NextEra Energys proposed acquisition of Dominion Energy could create the largest electric utility monopoly in the US, and Virginia regulators must scrutinize NextEras past actions in Florida. Florida Power & Light, NextEras main subsidiary, has a history of alleged election manipulation, anti-competitive behavior, and hidden money to influence regulators, leading to a court case involving bribery, secret accounting, and spying on reporters. Despite a former CEOs departure due to federal investigations and a securities fraud settlement, NextEras pattern of behavior remains a concern. Florida customers have faced massive price hikes, including the largest in American history, with profits making up a significant portion of their bills. NextEras projected infrastructure spending increases could lead to higher long-term charges. Virginia regulators must ensure transparency and protect customers from potential rate hikes and corporate influence. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d92bf4c1c025db89