NextEra Energy is set to acquire Dominion Energy in what could become the largest utility transaction in the history of the United States, forming a unified entity that will serve 60 million clients in 21 states. Consumer protection groups and utility regulators are expressing worries that the reduction of competition among utilities often leads to higher electricity costs for households within three to five years. This merger must secure the consent of the Federal Energy Regulatory Commission and various state regulators prior to its finalization.
