From the Raleigh News and Observer:
Federal regulators say the merger between Duke Energy and Progress Energy can go forward only with sweeping restrictions.
The Federal Energy Regulatory Commission's 97-page ruling, issued late Friday, raises the possibility that the merger is in trouble unless the companies can find a way to resolve the agency's numerous concerns.
The agency said the corporate merger would "have an adverse effect on competition" in the Southeast's electricity market, characterizing the problems as "significant," "systematic" and "severe."
Read more: http://www.newsobserver.com/2011/10/02/1533954/merger-plans-trouble-feds.html#ixzz1Zenykr2KRead the full articleSubscribe to XpressMail. Free Sneak Peek. Every Week.
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