NextEra’s $67 Billion Dominion Acquisition Faces Political Opposition in Virginia, FT Reports

NextEra Energy’s (NYSE:NEE) proposed $67 billion acquisition of Dominion Energy (NYSE:D) is facing political opposition in Virginia as the transaction undergoes regulatory review, the Financial Times reported on Tuesday. Virginia Governor Abigail Spanberger has said she is “deeply sceptical” of the proposed acquisition and has intervened in the regulatory process, according to the report.