NextEra Shares Fall Nearly 3% During Week of Merger Uncertainty

NextEra Energy (NEE) shares fell nearly 3% this week to around $85.08, while the stock remained up 5.93% year to date.

NextEra and Dominion Energy submitted rebuttal testimony to Virginia regulators Nov. 3 proposing additional financial and governance protections. The Virginia State Corporation Commission had not ruled on the transaction as of that date, and the companies’ proposed protections remained under review.

The proposed safeguards would strengthen Dominion Energy Virginia’s separation from its affiliates, add independent oversight and give Virginia greater representation on its board. The measures are intended to bolster Dominion Energy Virginia’s finances while preserving its access to NextEra funding.