With public hearings set to begin next week on the historic merger between Duke Energy and Progress Energy, the number of critics has dwindled to a handful.
The two electric utilities, on the verge of forming the nation's largest power company, are now asking state officials to sideline what's left of the opposition. The companies want the N.C. Utilities Commission, which will decide on the merger, to disallow arguments that groups critical of the proposed merger hope to make next week in Raleigh.
The environmental groups and other nonprofits ... contend the two merging utilities have failed to propose a remedy for the economic damage the state will suffer after the companies eliminate hundreds of jobs. Progress, for example, has said it would cut 700 to 1,000 jobs in Raleigh, eliminating up to half its downtown work force....Read the full article