Governor Mills Statement on Proposed Acquisition of Dominion Energy by NextEra

Augusta, MAINE – Governor Janet Mills issued the following statement underscoring concerns expressed today by five New England States about NextEra Energy’s proposed acquisition of Dominion Energy:

“NextEra’s proposal to acquire Dominion Energy would concentrate too many energy generation and transmission assets in a company that has worked aggressively to suppress competition in Maine and block state priorities that would reduce energy costs. This ill-advised proposal would give one company sole control of several critical energy generating assets in New England, further limit competition, and make it harder to bring energy costs down. This deal may be good for NextEra’s shareholders, but it’s a bad deal for Maine people.”

The Governor’s statement follows a joint statement issued this morning by the New England States Committee on Electricity (NESCOE) urging the Federal Energy Regulatory Commission (FERC), the U.S. Department of Justice, and all other regulatory bodies reviewing the proposed merger to apply “the highest level of scrutiny” in their review. If approved, the merger would create the largest electric utility in the United States.

NESCOE is a Regional State Committee recognized by FERC and governed by a board appointed by the Governors of Maine, Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont.