Why did NextEra Energy’s CEO, who previously criticized offshore wind as too costly and complicated, now express confidence in Dominion’s Coastal Virginia Offshore Wind project?

NextEra CEO John Ketchum stated he feels 'very good' about Dominion's offshore wind project because it is already sending power to the grid and recently reduced its projected cost by $100 million to $11.4 billion; he emphasized that, given the investment already made, 'it's the right thing to do to finish it.'

What is the current status of Dominion’s Coastal Virginia Offshore Wind project, and what major regulatory or financial challenges has it faced?

Dominion’s Coastal Virginia Offshore Wind project — set to be the largest U.S. offshore wind project upon completion next year — is already online and delivering power to the grid, despite having experienced over $1 billion in cost overruns and a Trump administration–imposed construction pause last year; that stop-work order was lifted by a federal judge in January.

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NextEra CEO Says He Feels 'Very Good' About Dominion Offshore Wind Project

May 18, 2026

NextEra Energy CEO John Ketchum expressed confidence in Dominion's offshore wind project amid a $66.8 billion acquisition bid, reversing past skepticism about high costs. The facility is already powering the grid and nearing completion after a federal judge lifted a construction pause.

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