NextEra-Dominion outline integration, workforce guidance

Dominion Energy and NextEra Energy outlined integration and employee guidance as part of their proposed business combination.

Rhea-AI Filing Summary

Dominion Energy and NextEra Energy outlined integration and employee guidance as part of their proposed business combination. The communication reiterates workforce actions such as reskilling, voluntary enhanced retirement programs (ERP), and use of AI transformation initiatives to shift roles toward higher-value work. It includes extensive forward-looking statements language and explains that NextEra intends to file a registration statement on Form S-4 and a definitive joint proxy statement/prospectus, which will be mailed to shareholders when available. The notice directs readers to each company’s SEC filings and investor relations pages for the definitive materials and sets out where participant and officer information appears in recent proxy statements and 10-K filings.

Insights

Corporate Transactions Attorney

Legal framing emphasizes procedural steps and risk disclosures for the proposed merger.

The communication focuses on required disclosures: the forthcoming Form S-4 and joint proxy statement/prospectus that will contain detailed risk factors, participant disclosures and voting materials. It repeats safe-harbor forward-looking language to limit reliance on projections.

Timing and closing conditions are described as contingent; the message points shareholders to the definitive proxy materials and recent proxy and 10-K filings for director/officer information.

HR Integration Specialist

Workforce guidance centers on reskilling, voluntary ERP, and minimizing involuntary impacts.

The excerpt highlights reskilling, mobility, natural attrition, selective backfills and voluntary programs as primary levers. It frames AI initiatives and capability-building in data and analytics as drivers for shifting roles toward higher-value work.

Operational outcomes and headcount effects are not quantified here; subsequent filings or communications may provide specifics.

Key Figures

Commission File No.: 001-08489 Form S-4 filing: Form S-4 NextEra proxy filing date: April 1, 2026 +2 more

5 metrics

Commission File No. 001-08489 cover/filing header

Form S-4 filing Form S-4 NextEra intends to file a registration statement on Form S-4

NextEra proxy filing date April 1, 2026 NextEra proxy statement for 2026 annual meeting referenced

Dominion proxy filing date March 19, 2026 Dominion proxy statement for 2026 annual meeting referenced

Annual Reports referenced Form 10-K for year ended December 31, 2025 Both companies' 10-Ks are cited as sources for executive and risk information

Key Terms

Form S-4, joint proxy statement/prospectus, forward-looking statements, enhanced retirement program (ERP)

4 terms

Form S-4 regulatory

"NextEra Energy intends to file with the SEC a registration statement on Form S-4"

A Form S-4 is a legal document that companies file with the government to announce and explain a major business move, such as a merger or acquisition. It provides detailed information to help investors understand how the deal might affect the company's value and future prospects, similar to a detailed blueprint that clarifies the impact of a significant change.

joint proxy statement/prospectus regulatory

"The definitive joint proxy statement/prospectus (if and when available) will be mailed to shareholders"

A joint proxy statement/prospectus is a single, combined document that both asks shareholders to vote on a proposed transaction and provides the detailed information required when new securities are being offered. Think of it as a combined ballot and product brochure that explains the deal, the companies’ finances, key risks and how ownership will change. Investors rely on it to understand the terms, evaluate risks and make informed voting and investment decisions.

forward-looking statements financial

"This communication includes “forward-looking statements” within the meaning of the safe harbor provisions"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

enhanced retirement program (ERP) financial

"REWIRE, NextEra Energy’s AI transformation initiative, and the enhanced retirement program (ERP)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What filings will NextEra Energy and Dominion Energy provide about the proposed transaction?

The companies will file a registration statement on Form S-4 and a definitive joint proxy statement/prospectus. Those documents will contain detailed risk factors, participant disclosures, and will be mailed to shareholders when available.

How are employees affected during the integration between NextEra Energy and Dominion Energy?

The communication states the companies plan reskilling, mobility, natural attrition, selective backfills and voluntary programs like the enhanced retirement program (ERP) to minimize involuntary impacts while shifting roles toward higher-value work.

Where can investors obtain the definitive proxy statement/prospectus for the merger?

Investors can obtain free copies through the SEC website at www.sec.gov, NextEra Energy’s investor site or Dominion Energy’s investor site, and by contacting each company’s Investor Relations departments at the provided contacts.

Does this communication contain forward-looking statements and what does that mean?

Yes. It includes extensive forward-looking statements subject to risks and uncertainties, meaning actual results may differ materially and the companies are not obligated to update those statements except as required by law.

Which prior filings include information about directors and executive officers?

Information is referenced in NextEra Energy’s proxy for its 2026 annual meeting (filed April 1, 2026) and Annual Report on Form 10-K for year ended December 31, 2025; Dominion’s proxy (filed March 19, 2026) and its Form 10-K for year ended December 31, 2025 are cited.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 04:30 PM Learn about SEC filing dates

Filed by: Dominion Energy, Inc.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12 under

the Securities Exchange Act of 1934

Subject Company: Dominion Energy, Inc.

Commission File No.: 001-08489

Additional FAQs Provided to Employees

General

Q. Will I need to reapply for my job at closing?

A. No.

Q. Are there any changes to the Code of Conduct prior to closing?

A. No, there are no changes to the Code of Conduct at this time.

Q. How should I charge my time if I am doing something related to the merger?

A. Time spent working on activities related to the merger must be tracked and charged appropriately. The CFO group is in the process of distributing merger time charging guidance to all executives and directors, including group-specific time charging codes tailored to their organizations. Directors are asked to share this guidance with their teams and ensure that it is followed.

This new guidance reinforces the importance of using the correct WBS elements to track all employee time and third-party costs in compliance with federal and state requirements. Leaders with questions should reach out to their financial analyst for support.

Q. Does NextEra Energy have a history of conducting voluntary separation programs?

A. NextEra Energy is currently offering an enhanced retirement program to employees in some business units and has offered such programs in the past. These programs are driven by business unit specific needs and extended to limited employees. Historically, the number of participants has varied but generally not exceeded a few hundred employees.

Q. If NextEra Energy is a growing company, why would it offer a voluntary separation program?

A. NextEra Energy is committed to growth and to people, and those two things go hand in hand. As the business grows, how the work gets done is evolving, driven by technology, automation, and increasing complexity across the business.

REWIRE, NextEra Energy’s AI transformation initiative, and the enhanced retirement program (ERP), are how the company is making sure it is set up for that future. It is about ensuring each business unit has the right mix of skills, structure and capabilities to deliver on its long-term growth.

In some cases, that means reskilling employees or shifting roles as the work changes, while at the same time building new capabilities in areas like data, analytics, and more complex structuring. The focus is on enabling teams to spend more time on higher-value work and less on repetitive or manual activities.

NextEra Energy is managing this transition deliberately, through reskilling and mobility, natural attrition, selective backfills and voluntary programs like ERP, with the goal of minimizing involuntary impacts wherever possible. This is about positioning the company to continue growing while investing in people and ensuring readiness for what is ahead.

Business Dealings with NextEra Energy Between Now and Closing

Q. How should Dominion Energy handle non-merger related business interactions and agreements with NextEra Energy prior to closing?

A. Prior to the merger closing Dominion Energy and NextEra Energy must continue to operate separately and independently. NextEra Energy entities should be treated as unaffiliated in any new commercial arrangements or in any modifications, amendments, or extensions of current agreements with Dominion Energy, except as may be required by FERC affiliate restrictions or FERC standards of conduct. For guidance, please contact the Law Department.

Q. What information can be shared with NextEra Energy prior to closing?

A. Information exchanged between Dominion Energy and NextEra Energy in relation to the merger must be reviewed and approved by the Law Department prior to sharing. For any non-merger related activity, NextEra Energy should be treated as an unaffiliated company and any information sharing should be in compliance with existing company policies and procedures for dealings with third parties. For guidance, please contact the Law Department.

Q. What documentation should be maintained for any non-merger business dealings with NextEra Energy prior to closing?

A. Dominion Energy should document the arm’s length rationale and independent business basis for any non-merger business dealings with NextEra Energy prior to closing.

Q. Will there be additional guidance prior to closing?

A. Yes. Additional guidance on post-merger affiliate transactions and Code of Conduct requirements will be provided before closing.

Q. Where can I get additional information regarding business interactions and information sharing with NextEra Energy prior to closing?

A. For additional information or guidance please contact a member of the Law Department.

Forward-Looking Statements

This communication includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included or incorporated by reference in this communication, including, among other things, statements regarding the proposed business combination transaction between NextEra Energy, Inc. (NextEra Energy) and Dominion Energy, Inc. (Dominion Energy) and future events, plans and anticipated results of operations, business strategies, the anticipated benefits of the proposed transactions, the anticipated impact of the proposed transactions on the combined company’s business and future financial and operating results, the anticipated closing date for the proposed transactions and other aspects of NextEra Energy’s or Dominion Energy’s operations or operating results, are forward-looking statements. Words and phrases such as “ambition,” “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions or events can be used to identify forward-looking statements. Where, in any forward-looking statement, NextEra Energy or Dominion Energy expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. Any forward-looking statement is not a guarantee of future performance, outcomes or results and is subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy’s or Dominion Energy’s control, that could cause actual performance, outcomes or results to differ materially from what is expressed or implied in the forward-looking statement.

These factors include a failure by NextEra Energy to successfully integrate Dominion Energy’s businesses and technologies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the expected benefits of the proposed transactions may not be fully realized or may take longer to realize than expected; each party’s ability to obtain the approval of its shareholders required to consummate the proposed transactions and the timing of the closing of the proposed transactions, including the risk that the conditions to closing are not satisfied on a timely basis or at all or the failure of the transactions to close for any other reason or to close on the anticipated terms, including with the anticipated tax treatment; the risk that any governmental or regulatory approval, consent or authorization that may be required for the proposed transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party’s ability to pursue certain business opportunities or strategic transactions; unanticipated difficulties, liabilities or expenditures relating to the transactions, including the impact of potential litigation relating to the transactions; the effect of the announcement, pendency or completion of the proposed transactions on the parties’ business relationships and business operations generally, including the parties’ relationship with regulators, suppliers, vendors and customers; the effect of the announcement or pendency of the proposed transactions on the parties’ common stock prices and uncertainty as to the long-term value of either party’s common stock; risks that the proposed transactions disrupt either party’s current plans and operations, including due to the diversion of the attention of management from ordinary course business operations, and potential difficulties in hiring or retaining employees as a result of the proposed transactions; any rating agency actions; and the impact of the announcement or pendency of the proposed transactions on either party’s ability to access capital, including the short- and long-term debt markets, on a timely and affordable basis; general worldwide economic conditions and related uncertainties; the effect and timing of changes in laws or in governmental regulations (including environmental); fluctuations in trading prices of securities of NextEra Energy and in the financial results of NextEra Energy or Dominion Energy; and the timing and extent of changes in interest rates, commodity prices and demand and market prices for electricity or gas. The registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the Securities and Exchange Commission (SEC) will describe additional risks in connection with the proposed transactions. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 and joint proxy statement/prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to NextEra Energy’s and Dominion Energy’s respective periodic reports and other filings with the SEC, including the risk factors contained in NextEra Energy’s and Dominion Energy’s most recently filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q.

Any forward-looking statements included in this communication represent current expectations and are inherently uncertain and are made only as of the date hereof (or, if applicable, the dates indicated in such statement). Except as required by law, neither NextEra Energy nor Dominion Energy undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information about the Transactions and Where to Find It

In connection with the proposed transactions, NextEra Energy intends to file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra Energy. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the proposed transactions. This communication is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that NextEra Energy or Dominion Energy may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to shareholders of NextEra Energy and Dominion Energy. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PROPOSED TRANSACTIONS AND RELATED MATTERS.

Investors and security holders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus (if and when available) and other documents containing important information about NextEra Energy, Dominion Energy and the proposed transactions, once such documents are filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy will be available free of charge on NextEra Energy’s website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy’s Investor Relations Department by email at investors@nexteraenergy.com or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy will be available free of charge on Dominion Energy’s website at http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor Relations Department by email at investor.relations@dominionenergy.com or by phone at (804) 819-2438.

Participants in the Solicitation

NextEra Energy, Dominion Energy and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions.

Information about the directors and executive officers of NextEra Energy, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in (i)  NextEra Energy’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on April 1, 2026, including under the headings “Proposal 1: Election as directors of the nominees specified in this proxy statement,” “Director Compensation,” “Executive Compensation,” and “Common Stock Ownership of Certain Beneficial Owners and Management,” (ii) NextEra Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 13, 2026, including under the heading “Item 1. Business—Information About Our Executive Officers” and (iii) to the extent certain holdings of NextEra Energy securities by its directors or executive officers have changed since the amounts set forth in NextEra Energy’s proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4, or Annual Statement of Changes in Beneficial Ownership of Securities on Form 5, filed with the SEC.

Information about the directors and executive officers of Dominion Energy, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in (i)  Dominion Energy’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on March 19, 2026, including under the headings “Item 1: Election of Directors – Director Nominees,” “Compensation of Non-Employee Directors,” “Executive Compensation” and “Security Ownership of Certain Beneficial Owners and Management,” (ii) Dominion Energy’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 23, 2026, including under the heading “Information about our Executive Officers” and (iii) to the extent certain holdings of Dominion Energy securities by its directors or executive officers have changed since the amounts set forth in Dominion Energy’s proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statement of Beneficial Ownership of Securities on Form 3, Statement of Changes in Beneficial Ownership on Form 4 or Annual Statement of Changes in Beneficial Ownership of Securities on Form 5, filed with the SEC.

Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the definitive joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transactions when such materials become available. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Copies of the documents filed with the SEC by NextEra Energy and Dominion Energy will be available free of charge through the website maintained by the SEC at www.sec.gov. Additionally, copies of documents filed with the SEC by NextEra Energy and Dominion Energy will be available free of charge through the sources indicated above.