Geopolitics Alpha

Giant Merger of NextEra and Dominion Could Fail Amid Anger Over Electricity Bills

Published . Updated .

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GEOPOLITICS ALPHAGiant Merger of NextEra andDominion Could Fail Amid AngerOver Electricity BillsDNEEGEOPOLITICS ALPHA

State leaders and residents in Virginia have opposed NextEra’s acquisition of Dominion Energy, fearing that it will accelerate rate increases.

Directly affected

  • D Dominion Energy+13.8% 30d

    Named in this report.

  • NEE Nextera Energy+10.5% 30d

    Named in this report.

Indirectly affected

  • XLU Utilities Select Sector SPDR+4.7% 30d

    Utilities Select Sector SPDR: it holds power utilities. Linked by “electricity” (power and utilities) in this story.

  • DUK Duke Energy+7.5% 30d

    Duke Energy (electric and other services combined): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.

  • SO The Southern+9.7% 30d

    The Southern (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.

  • CEG Constellation Energy-6.1% 30d

    Constellation Energy (electric services): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.

  • ET Energy Transfer-1.9% 30d

    Energy Transfer (natural gas transmission): power demand and prices drive utility earnings. Linked by “electricity” (power and utilities) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DPrices arriving within minutes———after closeafter closeafter closeafter close
NEEPrices arriving within minutes———after closeafter closeafter closeafter close
XLUPrices arriving within minutes———after closeafter closeafter closeafter close
DUKPrices arriving within minutes———after closeafter closeafter closeafter close
SOPrices arriving within minutes———after closeafter closeafter closeafter close
CEGPrices arriving within minutes———after closeafter closeafter closeafter close
ETPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

State leaders and residents in Virginia have opposed NextEra’s acquisition of Dominion Energy, fearing that it will accelerate rate increases.

Source: The New York Times

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Giant Merger of NextEra and Dominion Could Fail Amid Anger Over Electricity Bills” scores 12 out of 100. The score uses 1 sources.