Raleigh News&Observer: Decision on Progress-Duke Energy merger could come “any day”

From the Raleigh News&Observer: “The state’s lead utility regulator suggested Monday that a much-anticipated N.C. Utilities Commission ruling on the proposed merger between Progress Energy and Duke Energy could come any day. …

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


Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.