News & Observer reports:
Duke Energy and Progress Energy will offer to limit their corporate profit on the sale of large chunks of power in this state to assure federal regulators that the two companies will not manipulate electricity prices after the they merge. ...
The proposed measures would be in place for eight years, under the companies' proposal.
Presumably the two companies would pocket less money but the economic impact of the proposal won't be known until regulators and others analyze the data. ...
Read the full article
Duke Energy and Progress Energy will offer to limit their corporate profit on the sale of large chunks of power in this state to assure federal regulators that the two companies will not manipulate electricity prices after the they merge. ...
The proposed measures would be in place for eight years, under the companies' proposal.
Presumably the two companies would pocket less money but the economic impact of the proposal won't be known until regulators and others analyze the data. ...
Read the full article
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Some more details in the Charlotte Observer
http://www.charlotteobserver.com/2011/10/08/2673582/utilities-revamp-merger-proposal.html
By Jeff Fobes
10/08/2011