Virginia governor seeks 6-year rate freeze as price of Dominion-NextEra deal

Virginia Gov. Abigail Spanberger wants state regulators to impose a six-year freeze on base residential rates, tripled monthly bill credits and a higher debt share in Dominion's capital structure if they approve the $67 billion Dominion Energy-NextEra Energy merger. Regulatory staff and the attorney general have proposed their own conditions.

Why it matters: The merger would create the world's largest regulated electric utility, and mounting state conditions could shape whether and how it gets done.