Filed by: NextEra 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
The following press release was issued by NextEra Energy and Dominion
Energy on July 15, 2026.
NextEra Energy and Dominion Energy file to combine, building a stronger
company to meet growing power demand across four of America’s fastest-growing states while keeping energy affordable and reliable
| · | NextEra Energy and Dominion Energy file applications seeking regulatory approval of their proposed combination |
| · | Customers in Virginia, North Carolina and South Carolina would receive $2.25 billion in shareholder-funded bill credits, and the companies
have committed that merger-related costs will not be passed on to customers |
| · | The combination brings together Dominion Energy’s local leadership, experienced workforce and community knowledge with NextEra
Energy's added financial strength, supply chain expertise and infrastructure-development capabilities |
| · | The combined company would bring an all-of-the-above energy platform, including renewables, battery storage, nuclear and natural gas,
with industry-leading capabilities |
| · | Dominion Energy’s operating companies will remain locally led and separately regulated, with meaningful job protections; the
combined company would maintain dual corporate headquarters in Richmond, Virginia, and Juno Beach, Florida, and an operational headquarters
in Cayce, South Carolina |
| · | The combination positions Virginia, North Carolina and South Carolina to meet unprecedented power demand, support jobs and economic
development, and keep customer bills affordable |
| · | The transaction is expected to close in the second half of 2027 |
JUNO BEACH, Fla. and RICHMOND, Va., July 15, 2026 - NextEra Energy,
Inc. (NYSE: NEE) and Dominion Energy, Inc. (NYSE: D) today filed applications seeking regulatory approval of their proposed combination
with the Virginia State Corporation Commission, the North Carolina Utilities Commission, the Public Service Commission of South Carolina,
the Federal Energy Regulatory Commission and the Nuclear Regulatory Commission.
America is entering an era of rapidly growing electricity demand that
will require substantial investment in generation, transmission, distribution and grid resilience. The proposed combination is designed
to preserve Dominion Energy’s local strengths with NextEra Energy’s added resources, balance sheet strength, supply chain
expertise, construction experience and operating capabilities to help meet that demand reliably and affordably over the long term. The
combined company would serve approximately 10 million customer accounts across four of the nation’s fastest-growing states and be
better positioned to buy, build, finance and operate the energy infrastructure customers need more efficiently.
The larger platform is intended to complement, not replace, Dominion
Energy’s local operating model. Dominion Energy’s operating companies would remain locally led, separately regulated and accountable
to their state commissions, while their teams gain access to additional technology, capital and proven practices. That includes a proven
track record at Florida Power & Light Company (FPL) with more than 20 years of reliably and affordably meeting growth in one of the
fastest-growing states in America, with a reliability performance of more than 60% better than the national average and a typical residential
bill approximately 30% below the national average.
A word from John Ketchum, chairman, president and CEO of NextEra
Energy:
“This combination is about putting scale and a stronger, more
comprehensive platform behind Dominion Energy’s local teams so they can meet growing power demand while keeping bills affordable
and service reliable. We’re bringing together two industry-leading teams with complementary strengths and expertise. Dominion Energy
brings deep local knowledge, experienced employees and a strong operating record. NextEra Energy brings additional scale, an industry-leading
operating platform, financial strength, supply chain expertise and operating efficiencies we have built through FPL and NextEra Energy
Resources. Together, we will be better positioned to partner with states and communities to attract new investment, support new jobs and
invest in the all-of-the-above energy infrastructure customers need, including renewables, battery storage, nuclear and gas-fired generation.
Customers would experience immediate value through $2.25 billion in shareholder-funded bill credits and long-term value through a stronger
company that can buy, build, finance and operate energy infrastructure projects more efficiently, which will result in long-term customer
benefits.”
A word from Robert Blue, chair, president and CEO of Dominion Energy:
“This is a combination centered on customers, communities and
employees. It preserves the Dominion Energy utilities our customers know — the same local leaders, employees, regulatory oversight
and commitment to an all-of-the-above energy mix — while adding capabilities that can help us build needed infrastructure more efficiently
and keep bills affordable. Our employees and communities can be confident that we will remain a strong local employer, a constructive
economic development partner and a reliable provider of the energy that powers homes, businesses and new investments.”
Delivering real value to customers, communities and employees
| · | Immediate bill relief and customer protections: Dominion Energy customers in Virginia, North Carolina and South Carolina would receive
$2.25 billion in bill credits over the first two years after closing, funded by shareholders and not recoverable from customers. Customers
also would be held harmless from any and all transaction, transition, acquisition-premium, financing and restructuring costs associated
with the combination. |
| · | Long-term affordability and reliability: The benefits extend beyond the initial credits. The combined company’s greater purchasing
power, broader supply chain visibility, increased access to capital, project-execution capabilities and larger operating platform are
expected to help meet growing power demand affordably while maintaining service quality and reliability. |
| · | An all-of-the-above energy platform: Through its regulated utilities and subsidiaries, the combined company would own or operate more
than 110 gigawatts of electric generating resources across renewables, battery storage, nuclear and natural gas. The combination would
pair Dominion Energy’s local operating expertise and generation portfolio with NextEra Energy’s industry-leading solar and
battery-storage capabilities, as well as deep experience in nuclear, natural gas, transmission and grid modernization. |
| · | Customer service and storm response: The combination would provide access to a larger regulated utility platform, drawing on best
practices across FPL and Dominion Energy’s operating companies in customer service, storm restoration, grid modernization, workforce
tools, data analytics, artificial intelligence and process improvement. |
| · | Locally led, locally staffed and fully accountable: Dominion Energy’s operating companies will remain separately regulated and
locally led. The combined company will maintain dual corporate headquarters in Richmond, Virginia, and Juno Beach, Florida, and an operational
headquarters in Cayce, South Carolina. State regulators would continue to oversee rates, service, resource planning and major investments.
Dominion Energy employees would receive 18 months of job protection after closing; non-union employees would receive two years of current
compensation and comparable benefits. Collective bargaining agreements would continue according to their terms. |
| · | A partner in economic and community development: Reliable, affordable energy is foundational to economic development. The combined
company intends to partner with state and local leaders to support existing employers, attract new businesses, and encourage additional
investment from suppliers, contractors and service providers. It also would increase Dominion Energy’s historical shareholder-funded
charitable giving by $10 million annually for five years across Virginia, North Carolina and South Carolina. |
Transaction review process
The transaction has been unanimously approved by the boards of directors
of both companies. The transaction is expected to close in the second half of 2027, subject to customary closing conditions and approvals
by the shareholders of NextEra Energy and Dominion Energy, state regulatory review and approval from the Virginia State Corporation Commission,
the North Carolina Utilities Commission and the Public Service Commission of South Carolina, the expiration or termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act, approval by the Federal Energy Regulatory Commission under Section 203
of the Federal Power Act and approval by the Nuclear Regulatory Commission.
More information about the proposed combination, including the applications
filed today, is available at www.DominionNextEraFuture.com.
About NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is the largest electric power and
energy infrastructure company in North America, the world’s leader in renewables and storage and a leading provider of electricity
to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power
& Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across
Florida. NextEra Energy also owns the largest energy infrastructure development company in the U.S., NextEra Energy Resources, LLC. NextEra
Energy and its affiliated entities are meeting America’s growing energy needs with a diverse mix of energy sources, including renewables,
battery storage, nuclear and natural gas. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com,
www.FPL.com, www.NextEraEnergyResources.com.
About Dominion Energy
Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides
regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina and South Carolina, and regulated natural
gas service to 500,000 customers in South Carolina. The company is one of the nation’s leading developers and operators of regulated
offshore wind and solar power and the largest producer of carbon-free electricity in New England. The company’s mission is to provide
the reliable, affordable and increasingly clean energy that powers its customers every day. Please visit DominionEnergy.com to learn more.
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., a Florida Corporation (“NextEra Energy”), and Dominion
Energy, Inc., a Virginia Corporation (“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 preliminary joint proxy statement/prospectus included in the registration statement
on Form S-4 (Registration No. 333-297351) filed by NextEra Energy with the Securities and Exchange Commission (the “SEC”)
on July 9, 2026 (available at https://www.sec.gov/Archives/edgar/data/753308/000110465926082301/tm2614888-13_s4.htm) (“Registration
Statement”), describes additional risks relating to the proposed transactions and combined company. While the list of factors presented
here and the list of factors presented in the Registration Statement 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 filed
with the SEC the Registration Statement, which includes a preliminary joint proxy statement of NextEra Energy and Dominion Energy that
also constitutes a preliminary prospectus of NextEra Energy. Each of NextEra Energy and Dominion Energy intends to file with the SEC a
definitive joint proxy statement/prospectus. 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 Registration Statement or the definitive joint
proxy statement/prospectus 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, DEFINITIVE 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 are able to obtain free copies of
the Registration Statement, including the preliminary joint proxy statement/prospectus, and will be able to obtain free copies of
the definitive 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 are 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 are 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 definitive 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 are 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 are available free of charge through the sources indicated above.
###
Media and Investor Contacts
| · | NextEra Energy media contact: (561) 694-4442, media.relations@nexteraenergy.com |
| · | NextEra Energy investor relations contact: Michael Dowling, (561) 694-4697, investors@nexteraenergy.com |
| · | Dominion Energy media contact: Ryan Frazier, (804) 836-2083, C.Ryan.Frazier@dominionenergy.com |
| · | Dominion Energy investor relations contact: David McFarland, (804) 819-2438, David.M.McFarland@dominionenergy.com |
