NextEra Energy (NYSE: NEE) and Dominion Energy (NYSE: D) announced an expanded benefits package tied to their proposed merger, including extended residential bill credits, new jobs and additional low-income assistance for Virginia customers.

Under the revised terms, the companies propose to extend $10-per-month residential bill credits from two years to four years. The companies said merger costs would not be passed on to customers. The EnergyShare low-income bill assistance program would receive an additional $100 million in shareholder funding through 2038.

The package includes a commitment to maintain current Virginia employee headcount levels for five years, add 600 new NextEra Energy jobs in the state and work with suppliers expected to bring 400 additional jobs to Virginia. NextEra Energy said it would fund construction of a new office tower in Richmond adjacent to the existing Dominion Energy headquarters to serve as a co-headquarters for the combined company.

The companies also announced a $100 million workforce development fund, up to a $1 billion annual five-year Virginia Supplier Program and a planned annual global energy summit to be held in Virginia.

Dominion Energy Virginia would retain its name, local leadership and separate regulation under the Virginia State Corporation Commission. Ed Baine would continue leading Dominion Energy Virginia, and Robert Blue would oversee all NextEra Energy regulated utilities.

"Dominion Energy Virginia will remain locally led, separately regulated and accountable to the State Corporation Commission," Blue said. "This package builds on that foundation by adding NextEra Energy's scale, capital and capabilities."

The companies reaffirmed support for efforts by the State Corporation Commission, the Virginia General Assembly and the governor to ensure data centers bear costs associated with their electricity service, rather than residential and small business customers.

The proposed combination remains subject to regulatory approvals, including review by the Virginia State Corporation Commission and expiration of the Hart-Scott-Rodino antitrust waiting period. The companies said they continue to expect the transaction to close in the second half of 2027. The announcement is based on a joint press release from the two companies.