All Posts Tagged 'merger' (2)

On Monday, July 2, Duke Energy completed its long awaited merger with Progress Energy to become the largest utility company in the US as measured by enterprise value, market capitalization, generation assets, customers and numerous other criteria. Duke now operates five utilities in six states serving over seven million customers.The company will remain headquartered in Charlotte, with substantial operations in…

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.

At the conclusion of a brief public hearing in Raleigh, Commission Chairman Edward Finley Jr. said participants in the merger proceedings are welcome to make more filings for the commissioners to consider. But Finley warned that the…