Dominion Energy, Inc. · NYSE:D
Dominion Energy — Merger or Acquisition (May 2026)
33 slides from Dominion Energy's merger presentation, May 19, 2026
Slide 1: Employee Meetings May 18, 2026
Richmond, VA Jupiter, FL Miami, FL + Charleston, SC Employee Meetings May 18, 2026 Outer Banks, NC
Slide 2: Cautionary Information
Cautionary Information This communication includes “forward-looking believed to be reasonable at the time such forward- party; the risk that certain provisions in the merger and market prices for electricity or gas. The registration statements” within the meaning of the safe harbor looking statement
Slide 3: Forming America's leading utility business and energy infrastructure company
Richmond, VA Jupiter, FL Miami, FL + Charleston, SC Forming America’s leading utility business and energy infrastructure company To reliably and affordably meet America’s historic power demand Outer Banks, NC NextEra Energy + Dominion Energy 3
Slide 4: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 4 4
Slide 5: NextEra Energy and Dominion Energy share similar culture and values
Option A NextEra Energy and Dominion Energy share similar culture and values 1 Net Promoter Scores Industry’s = + Leading Team ~55-175% Better Culture and Core Values Culture and Core Values 33 Safety Safety First 26 Ethics 19 Do the Right Thing 12 Excellence Committed to Excellence Embrace Change C
Slide 6: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 6 6
Slide 7: NextEra Energy is America's leading energy infrastructure company
NextEra Energy is America’s leading energy infrastructure company Florida Power & Light Company America’s largest electric utility 6 million customer accounts NextEra Energy Resources America’s largest energy infrastructure developer Regulated electric Long-term contracted power and gas transmission
Slide 8: NextEra Energy builds, owns and operates all forms of energy
NextEra Energy builds, owns and operates all forms of energy Owner and operator of the largest Operates one of America’s largest electric utility in the U.S. nuclear fleets America’s leading transmission utility Operates one of America’s largest gas- and leading competitive transmission fired genera
Slide 9: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 9 9
Slide 10: Combining NextEra Energy and Dominion Energy would create America's leading utility business
Combining NextEra Energy and Dominion Energy would create America’s leading utility business and energy infrastructure company Regulated 1 Florida Power & Virginia 2 Light Company ~$249 B market cap 2 ~$420 B enterprise value Electric Transmission ~10 MM utility customers North Carolina 49 states 3
Slide 11: The combination would create the number one utility company in nearly every category
The combination would create the number one utility company + in nearly every category Regulated utilities in four high growth states A leader in nearly every category Richmond, Virginia Dual Headquarters Total generation No. 1 No. 1 Renewables generation No. 1 Gas generation Cayce, South Carolina N
Slide 12: The combined company would serve four of America's fastest growing states
The combined company would serve four of America’s fastest growing states 1 with total annual GDP of ~$4.0 T Virginia Florida South Carolina North Carolina 4 $1.8 T GDP - 15th largest 2x growth in electricity 2x population growth vs. 2x population growth vs. 2 5 5 economy in the world sales vs. nat’
Slide 13: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 13 13
Slide 14: Committed to our employees
The combined company will be committed to + our employees, customers, communities and shareholders Committed to our most valuable resource – our employees • Combination two world-class teams with 200+ years of service • Combination will unleash growth • Merger of equals to best accommodate growth ac
Slide 15: Dual headquarters, strong local leadership and enhanced career opportunities
The combined company would have dual headquarters, maintain strong local leadership and provide enhanced career opportunities Award-Winning Teams Dual Headquarters Career Opportunities Richmond, Virginia Dominion VA/NC and Dual Headquarters Dominion SC maintain Fortune World’s Most strong local Admi
Slide 16: Providing exceptional service to our customers
The combined company will be committed to our employees, customers, communities and + shareholders Providing exceptional service to our customers • $2.25 billion in proposed bill credits across all customer classes in Virginia, North Carolina and South Carolina over two years • Buy, build, operate a
Slide 17: NextEra Energy and Dominion Energy put customers first
NextEra Energy and Dominion Energy put customers first + Low rates High reliability All forms of $2.25 billion energy solutions total bill credits proposed for Dominion 1 Energy customers ~79% Virginia ~17% South Carolina ~3% North Carolina Outstanding Committed to the Large load pays customer servi
Slide 18: Power demand is expected to grow six times faster over the next 20 years
Power demand is expected to grow six times faster over the next 20 years 1,2,3 U.S. Electricity Demand To serve customers Thousand TWh +60% affordably and reliably, a ~6x increase in company must be able to: growth rate 6.9 6.4 Buy More Efficiently 5.8 5.1 Build More Efficiently +10% 4.3 4.0 3.9 4.0
Slide 19: Our combined ability to buy, build, finance and operate more efficiently
Our combined ability to buy, build, finance and operate more efficiently is expected to drive customer benefits Together, we expect to lead across New Generation and Storage all forms of energy GW ~115–150+ 10 + 4 11 16 77–108 World leader in storage World leader in renewables U.S. leader in gas-fir
Slide 20: The combination delivers exceptional customer value
The combination delivers exceptional customer + value + 1 Net Promoter Scores ~55-175% Better 33 26 19 12 Peer average DESC DEV FPL 1. Source: Bain NPS Prism US Utilities (Q4 2025 rolling 12); FPL and Dominion Energy companies removed from peer average NextEra Energy + Dominion Energy 20
Slide 21: Fostering growth in our communities
The combined company will be committed to + our employees, customers, communities and shareholders Fostering growth in our communities • Increased charitable giving by ~$10 million per year for five years shared among Virginia, North Carolina, and South Carolina • Complementary focus on employee vol
Slide 22: Delivering increased value on all key metrics
The combined company will be committed to + our employees, customers, communities and shareholders Delivering increased value on all key metrics • All-stock combination ⎻ Dominion Energy shareholders receive 0.8138 shares of NextEra Energy stock per share of Dominion Energy common stock ⎻ An attract
Slide 23: Combined company positioned to drive strong adjusted EPS growth
We believe the combined company would remain well positioned to drive strong adjusted earnings per share growth 1 Pro Forma Financial Expectations Adjusted Earnings Per Share Expectations 2025–2035E Expect 9%+ CAGR through 2032 off 2025 9%+ Long-term 2 adjusted EPS 2 Target 9%+ Long-term 2 Expectati
Slide 24: Leader across key industry metrics and well positioned for growth
The combined company is expected to be a leader across key industry metrics and well positioned for attractive growth ~$249 B $138 B 9%+ 11.6+% Market Adj. EPS Target 2 3 2025A Rate Base Target TSR 1 Capitalization Growth Rate $59 B 110 GW 11% 130+ GW Regulatory capital 4 6 Avg. Annual CapEx Generat
Slide 25: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 25 25
Slide 26: What's next?
What’s next? Remain focused on Dominion Energy’s critical mission, our core values, and our commitment to customers State, federal and shareholder approvals needed prior to close We are committed to updating you regularly through videos, emails and employee meetings 1. Renewables include wind and so
Slide 27: Subject to regulatory approvals, we expect the merger to close in 12-18 months
Subject to regulatory approvals, we expect the merger to close in 12-18 months Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 1 Transaction Federal regulatory applications / regulatory approval process : Announcement FERC, NRC, HSR 1 State regulatory applications / regulatory approval proce
Slide 28: Today's Agenda
Today’s Agenda 1. Welcome 2. Common Mission & Values 3. About NextEra Energy 4. About the Combined Company 5. Benefits of the Combination • Employees • Customers • Communities • Shareholders 6. What’s Next? 7. More Information NextEra Energy + Dominion Energy 28 28
Slide 29: More information
More information Employee Web Portal on DomNet Email your questions to employeeinfo@dominionenergy.com 1. Renewables include wind and solar NextEra Energy + Dominion Energy 29
Slide 30: Richmond, VA Jupiter, FL Miami, FL + Charleston, SC Outer Banks, NC
Richmond, VA Jupiter, FL Miami, FL + Charleston, SC Outer Banks, NC
Slide 31: Definitional information
Definitional information NextEra Energy, Inc. Adjusted Earnings Expectations (including subsidiaries as applicable) This presentation refers to adjusted earnings per share expectations. NextEra Energy does not provide a quantitative reconciliation of forward-looking adjusted earnings per share to ea
Slide 32: Cautionary Information
Cautionary Information 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 securi
Slide 33: Cautionary Information (continued)
Cautionary Information (continued) 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 director