NextEra Energy said that under the merger agreement, each Dominion Energy common share will be converted into the right to receive 0.8138 NEE common shares plus a pro rata share of a total of $360 million in cash.

1. 01

   NextEra Energy said that under the merger agreement, each Dominion Energy common share will be converted into the right to receive 0.8138 NEE common shares plus a pro rata share of a total of $360 million in cash.

2. 02

   The company put total estimated merger consideration on a pro forma basis at $62,387 million and goodwill at $37,873 million, and said the stock portion is an estimate based on NEE's closing price of $84.84.

3. 03

   The company said completion of the merger is subject to approval by Dominion Energy and NEE shareholders, expiration of the HSR Act waiting period, and regulatory approvals in Virginia, North Carolina and South Carolina.

4. 04

   The company said it reflected in pro forma results a reduction of $1,125 million to annual 2025 operating revenue, based on the straight-line recognition of $2.25 billion in customer bill credits that Dominion Energy's subsidiaries will provide over 24 months after the merger closes.

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