Charlotte Observer reports:
Duke Energy hopes for approval Monday to quickly respond to federal regulators who say its planned merger with Progress Energy would hurt competition for wholesale electricity in the Carolinas.
The Federal Energy Regulatory Commission surprised the companies Sept. 30 by finding "significant" failures in tests of the combined companies' market power. FERC approved the merger on the condition that Duke and Progress soften their grip on the wholesale power market, such as by selling power plants. ...
Duke has asked the N.C. Utilities Commission to waive its required 30-day review period on Monday so the companies can file a swift response with FERC. Duke and Progress want to close their merger by year's end. ...
Read the full article
Duke Energy hopes for approval Monday to quickly respond to federal regulators who say its planned merger with Progress Energy would hurt competition for wholesale electricity in the Carolinas.
The Federal Energy Regulatory Commission surprised the companies Sept. 30 by finding "significant" failures in tests of the combined companies' market power. FERC approved the merger on the condition that Duke and Progress soften their grip on the wholesale power market, such as by selling power plants. ...
Duke has asked the N.C. Utilities Commission to waive its required 30-day review period on Monday so the companies can file a swift response with FERC. Duke and Progress want to close their merger by year's end. ...
Read the full article
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