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Dominion-NextEra merger expands Virginia relief, jobs, and Richmond HQ plans
business25 days ago

Dominion-NextEra merger expands Virginia relief, jobs, and Richmond HQ plans

Dominion Energy and NextEra Energy unveiled an expanded Virginia benefits package tied to their merger, doubling residential bill credits to $10 per month for four years, redirecting some credits from data centers to residents, expanding EnergyShare by $100 million through 2038, and committing to 1,000 new Virginia jobs (600 NextEra roles and 400 via suppliers) plus a new Richmond office tower as a co‑headquarters, a $1 billion annual Virginia Supplier Program, and five-year headcount protections, with regulatory approvals pending and a target close in late 2027; a January SCC decision is anticipated.

via WTVR.com|
#bill-credits#business#dominion-energy
politics1 month ago

Beshear: White House cut me out of Kentucky’s mega data center plan

Kentucky Gov. Andy Beshear says the White House didn’t brief him before unveiling a $100 billion data-center and energy hub on a DOE site in Paducah, a move that underscores the political scramble surrounding large-scale AI infrastructure. Beshear criticized the lack of details on scope, power needs and environmental implications, while DOE says it notified his office in advance. The project—funded by NextEra Energy and Brookfield—has sparked local and state scrutiny over electricity costs, environmental impact, and governance as Beshear weighs a potential presidential run and issues an executive order to set standards for data centers.

via Politico|
#beshear#data-centers#department-of-energy
"Cramer's Lightning Round: Assessing Risky Upstart, Oil Giant's Growth Potential, AT&T's Hold-off, and Top Dow Performers"
stock-market3 years ago

"Cramer's Lightning Round: Assessing Risky Upstart, Oil Giant's Growth Potential, AT&T's Hold-off, and Top Dow Performers"

Jim Cramer, host of CNBC's "Mad Money," expressed caution about Upstart due to its risky nature and financial losses. He also declined to recommend Altria, citing personal reasons related to the tobacco industry. Cramer mentioned that he sees potential in SoFi, but prefers owning the stock rather than trading it. As for Nextera, he remains unconvinced.

via CNBC|
#altria#jim-cramer#nextera
Utilities Stocks Plummet as Treasury Yields Surge
energy3 years ago

Utilities Stocks Plummet as Treasury Yields Surge

The utilities sector, represented by the Utilities Select Sector SPDR Fund (XLU), is lagging behind other S&P groups as U.S. Treasury yields continue to rise, reaching fresh highs for the year. The 10-year yield is at its highest level since August 2007, while the 30-year yield is approaching its 2010 high. This surge in yields is providing income-oriented investors with alternative options, causing a sell-off in utilities. NextEra Energy (NEE) is among the biggest losers, plunging 11.9%. The utilities sector is now down 21% year-to-date, compared to an 11% gain in the S&P 500.

via Seeking Alpha|
#energy#nextera#sandp-500