Duke Energy Seeks State's OK To Fast-track Fed Response

Duke Energy is looking for help from North Carolina regulators to keep its planned merger with Progress Energy on schedule.

The Charlotte Observer reports Duke Energy has asked the North Carolina Utilities Commission to waive its required 30-day review period on Monday so the companies can file a swift response with federal regulators.

Duke and Progress want to close their merger by year's end.

The Federal Energy Regulatory Commission said last month the combination would hurt competition for wholesale electricity in the two Carolinas. 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.

The companies proposed one of the other options FERC suggested by offering excess energy to wholesale buyers in their Carolinas territories.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 131968523 - witn.com/a?a=131968523
Gray Television, Inc.