State Corporation Commission Chair Kelsey A. Bagot has stated she will not recuse herself from the proposed $66.8 billion NextEra Energy-Dominion Energy merger proceedings. Bagot, who previously worked as a senior attorney for NextEra, asserted her duty to impartially discharge her duties and noted that her past work history with a regulated entity does not typically require recusal. The merger, which would create the world’s largest regulated electric utility, is expected to close in the second half of 2027 and is facing opposition in Virginia.

Dominion Energy's stock increased after TD Cowen raised its price target to $80 from $69, maintaining a Buy rating. The company reported strong Q2 earnings of $0.79 EPS and $4.48 billion in revenue, both exceeding consensus estimates. Despite a cautious consensus, the utility's growth is driven by rising power demand in Virginia, particularly from data centers, alongside its consistent dividend yield.