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Record of Proceedings

Richmond City Council Special Meeting - September 10, 2026: NextEra Energy Merger Resolution

City CouncilThursday, September 10, 2026
BodyRichmond, Virginia
SessionCity Council
DateThursday, September 10, 2026
StatusNEW · FILED
Video Record
0:00 / 25:06

Transcript — Verbatim
17:00

Good afternoon, everyone.

17:02

The special meeting of the Richmond City Council will now come to order.

17:08

Madam or Mr.

17:10

Clerk, if you would provide the chamber emergency evacuation announcement, followed by the speaker guidelines.

17:20

Upon activation of the emergency alarm signal, all persons should immediately exit the building.

17:25

Please use the exits to the left or right front of the council chamber or the north or south stairwells outside the rear doors of the chamber.

17:31

Do not use elevators or escalators.

17:34

After exiting the building, security will direct everyone down ninth street to the fenced area located between Clay and Lee Streets.

17:40

Able persons should assist visually and hearing impaired visitors with exiting the building.

17:49

Persons appearing before council are not allowed to campaign for public office, promote private business ventures, use language of a personal nature which insults or demeans any person, including comments directed at public officials or staff members that are not related to their official duties, or address or question staff members directly.

20:06

With that, Madam Clerk will proceed with a public hearing on the paper.

20:15

Do we have persons present desirous of speaking in opposition to the paper if you would come forward?

20:23

Seeing none, do we have persons present desirous of speaking in favor of the paper if you would come forward?

20:32

Seeing none, bring it back to City Council for discussion.

20:45

Councilwoman Gibson.

20:46

Thank you, Madam President.

20:49

And I am thankful that we have this opportunity today.

21:12

This vote is about affordability, and every year it's getting more and more expensive for working families to live in the commonwealth.

21:21

And this next era merger really has the potential to be a disaster for the average Virginian.

21:30

Customers of the next era energy subsidiary, Florida Power and Light are facing a $7 billion rate increase, which critics have described as the largest rate hike in U.S.

21:43

history.

21:44

Additionally, a recent report found that next era profits accounted for 27.4% of the average bill in Florida, the highest profit ratio in the country.

21:56

Richmond uh residents around the Capitol region are really bearing the brunt of the data center boom on their utility bills, and it's only going to get worse without restrictions on the number of data centers in the state.

22:09

And I do not think it's enough to want to intervene personally.

22:14

I think the governor and the SCC should fully stop this merger from happening.

22:35

But I again I'm really grateful that the city gets the opportunity to be in this case, and my hope is that we continue to do what's best for working in families and residents.

22:47

Thank you, Ms.

22:47

Gibson.

22:49

Vice President Jordan.

22:53

Thank you.

22:53

And I appreciate the work that our colleagues and partners administration and city attorney's office and staff put in for the quick turnaround here.

23:02

And I'm heartened by the fact that at least now there are going to be public hearings, whereas there were not going to be before.

23:08

I think we've seen that when people do speak up, you can have an impact.

23:14

And I think that's what we're hoping for here.

23:16

And just as a reminder, this is the avenue that we can take as a municipality.

23:22

And so I'm glad that we are stepping forward to do so.

23:25

And I would just add, you know, in addition to the ratepayers and reliability, we have over 5,000 employees here.

23:31

And when I attended a listening um session last night, we heard from a Dominion employee who was deeply worried about what their future might be if their protections had changed.

23:42

So I think in addition to many concerns, um thinking about those employees.

23:48

Thank you.

23:50

Thank you.

23:52

Any further comment at this point?

23:56

Um again, um, I think uh for the city, this is critical for us that we have the opportunity to monitor these proceedings and to be vigilant in terms of potential impact, and I won't be redundant.

24:13

The legislation speaks for itself.

24:17

Um with that, I would ask um for your support so that uh we can have that kind of presence and that opportunity uh for monitoring and participation.

24:31

With that, Madam Clerk, I'd ask that you call the question.

24:35

Council is voting on resolution number 2026-R034 as read.

24:42

Mr.

24:43

Breton?

24:44

Aye.

24:45

Ms.

24:45

Gibson, yes.

24:47

Ms.

24:47

Jones?

24:48

Aye.

24:50

Vice President Jordan.

24:51

Aye.

24:52

And President Newbill?

24:53

Aye.

24:54

That paper has been adopted.

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████████████████56%
Public Utilities█████████████████████████31%
Economic Development██████████13%
Summary of Proceedings

Richmond City Council Special Meeting - September 10, 2026: NextEra Energy Merger Resolution

This special meeting of the Richmond City Council was convened to consider Resolution 2026-R034 concerning the proposed merger between Dominion Energy and NextEra Energy. No members of the public spoke during the public hearing. Councilmembers expressed concerns about the merger's impact on ratepayers, data center proliferation, and employee protections. The council voted unanimously to adopt the resolution, enabling the city to monitor and participate in proceedings before the Virginia State Corporation Commission (SCC).

Public Comments & Testimony

  • No members of the public appeared to speak in favor or opposition during the public hearing. The clerk called for speakers and saw none.

Discussion Items

  • Councilwoman Gibson stated her opposition to the merger, citing NextEra Energy subsidiary Florida Power & Light facing a $7 billion rate increase, described as the largest in U.S. history. She noted a report showing NextEra profits comprised 27.4% of the average Florida bill, the highest profit ratio in the country. She argued that Richmond residents near the Capitol region are already burdened by data center-driven utility costs. Gibson advocated for the governor and SCC to fully stop the merger, but expressed gratitude that the city can intervene through the resolution.
  • Vice President Jordan expressed support for the resolution, noting that it ensures public hearings will occur. She referenced a listening session where a Dominion employee voiced concerns about potential loss of protections. Jordan highlighted the city's 5,000 Dominion employees and emphasized the importance of monitoring the merger's impact.
  • Council President Newbill called for the vote after noting the resolution speaks for itself and that the city needs to be vigilant.

Key Outcomes

  • Resolution 2026-R034 was adopted unanimously (5-0) with votes from Councilmembers Breton (aye), Gibson (yes), Jones (aye), Vice President Jordan (aye), and President Newbill (aye). The resolution authorizes the city to participate in and monitor the SCC proceedings regarding the NextEra Energy merger.
  • The special meeting was adjourned after the vote.

Meeting Transcript

Good afternoon, everyone. The special meeting of the Richmond City Council will now come to order. Madam or Mr. Clerk, if you would provide the chamber emergency evacuation announcement, followed by the speaker guidelines. Upon activation of the emergency alarm signal, all persons should immediately exit the building. Please use the exits to the left or right front of the council chamber or the north or south stairwells outside the rear doors of the chamber. Do not use elevators or escalators. After exiting the building, security will direct everyone down ninth street to the fenced area located between Clay and Lee Streets. Able persons should assist visually and hearing impaired visitors with exiting the building. Persons appearing before council are not allowed to campaign for public office, promote private business ventures, use language of a personal nature which insults or demeans any person, including comments directed at public officials or staff members that are not related to their official duties, or address or question staff members directly. With that, Madam Clerk will proceed with a public hearing on the paper. Do we have persons present desirous of speaking in opposition to the paper if you would come forward? Seeing none, do we have persons present desirous of speaking in favor of the paper if you would come forward? Seeing none, bring it back to City Council for discussion. Councilwoman Gibson. Thank you, Madam President. And I am thankful that we have this opportunity today. This vote is about affordability, and every year it's getting more and more expensive for working families to live in the commonwealth. And this next era merger really has the potential to be a disaster for the average Virginian. Customers of the next era energy subsidiary, Florida Power and Light are facing a $7 billion rate increase, which critics have described as the largest rate hike in U.S. history. Additionally, a recent report found that next era profits accounted for 27.4% of the average bill in Florida, the highest profit ratio in the country. Richmond uh residents around the Capitol region are really bearing the brunt of the data center boom on their utility bills, and it's only going to get worse without restrictions on the number of data centers in the state. And I do not think it's enough to want to intervene personally. I think the governor and the SCC should fully stop this merger from happening. But I again I'm really grateful that the city gets the opportunity to be in this case, and my hope is that we continue to do what's best for working in families and residents. Thank you, Ms. Gibson. Vice President Jordan. Thank you. And I appreciate the work that our colleagues and partners administration and city attorney's office and staff put in for the quick turnaround here. And I'm heartened by the fact that at least now there are going to be public hearings, whereas there were not going to be before. I think we've seen that when people do speak up, you can have an impact. And I think that's what we're hoping for here. And just as a reminder, this is the avenue that we can take as a municipality. And so I'm glad that we are stepping forward to do so. And I would just add, you know, in addition to the ratepayers and reliability, we have over 5,000 employees here. And when I attended a listening um session last night, we heard from a Dominion employee who was deeply worried about what their future might be if their protections had changed. So I think in addition to many concerns, um thinking about those employees. Thank you. Thank you. Any further comment at this point? Um again, um, I think uh for the city, this is critical for us that we have the opportunity to monitor these proceedings and to be vigilant in terms of potential impact, and I won't be redundant. The legislation speaks for itself. Um with that, I would ask um for your support so that uh we can have that kind of presence and that opportunity uh for monitoring and participation. With that, Madam Clerk, I'd ask that you call the question. Council is voting on resolution number 2026-R034 as read. Mr. Breton? Aye.

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