NextEra Energy donated $4 million to a ballroom event tied to President Donald Trump's inauguration, Utility Dive reports. The contribution comes to light as federal regulators chosen by Trump consider whether to approve NextEra's proposed merger with Dominion Energy.
Watchdogs said the donation is “problematic” and “convenient” for the company, given the timing. The source notes that the review is being handled by regulators appointed by the same administration that received the money, which raises questions about the appearance of influence over the merger decision.
The merger would combine two major utilities, and the source does not allege any illegality. But the donation adds a layer of political scrutiny to an already consequential regulatory decision.