Joshua Macey on a Proposed Dominion-NextEra Merger
ICLE Academic Affiliate Joshua Macey was quoted in The Cool Down regarding a proposed $67 billion merger between Dominion Energy and NextEra:
Yale Law School professor Joshua Macey told lawmakers that regulators often view large utility acquisitions as efforts to find “real efficiencies.” He said another possible motive is the chance to earn returns above the cost of capital through investments in generation and transmission, adding, “This is not a good reason.”
Read the full piece here.