Summary

The governor also wants regulators to increase the debt share of Dominion’s capital structure from 48% to 60% to lower its rate of return. Virginia Gov. Abigail Spanberger, D, has proposed a six-year rate freeze as part of a suite of conditions she says state regulators should impose if they approve a proposed merger between Dominion Energy and NextEra Energy that could create the largest regulated electric utility in the world.

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