Virginia’s governor requested a six-year rate freeze as a condition for approving the proposed Dominion–NextEra merger.

Governor Abigail Spanberger requested a customer-rate condition on the proposed transaction. Utility Dive reports that she sought a six-year rate freeze if the Dominion–NextEra merger is approved. The requested freeze is not presented as an adopted regulatory order.

The governor also proposed changing Dominion’s capital structure. She wants regulators to raise its debt share from 48% to 60%, with the stated objective of lowering its rate of return. Those percentages describe the proposed financing mix, not electricity prices.

Other participants have submitted separate conditions. Regulatory staff and the attorney general have made their own proposals concerning the transaction. The supplied summary does not provide their terms, a final approval decision, or a closing date.