Senator Angus King urged the Federal Energy Regulatory Commission (FERC) to block NextEra Energy’s $67 billion acquisition of Dominion Energy. The request was issued on June 29, 2026.
King warned the merger could create an excessively powerful utility and foster monopolistic practices. The proposed deal affects more than 10 million consumers.
The acquisition aims to establish the world’s largest regulated utility. This political scrutiny introduces significant uncertainty for NextEra’s primary growth strategy.