The Progress-Duke merger was approved earlier this month by the Federal Energy Regulatory Commission, which imposed more than a dozen conditions.
Those new conditions – and their potential effect on electricity customers – were the subject of Monday’s hearing. The N.C. Utilities Commission also permitted questions about recent modifications to the utilities’ settlement with the Public Staff, in which the companies agreed to absorb about $450 million in merger-related costs instead of passing those costs on to customers. ..."
Read more here: http://www.newsobserver.com/2012/06/25/2158777/state-regulators-expect-to-rule.html#storylink=cpy
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