NC OK's Duke Energy For Fast-Track Federal Response

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

The News & Observer of Raleigh reported the North Carolina Utilities Commission on Monday waived its 30-day review period so the companies can file a tweaked merger plan with federal regulators.

State regulators normally require a first look at filings with the Federal Energy Regulatory Commission that could affect price and service in North Carolina.

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

Federal energy regulators last month told Duke and Progress to soften their grip on the wholesale power market, such as by selling power plants.

The companies proposed a different option than FERC suggested by offering excess energy to wholesale buyers in their Carolinas territories.


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  • by insider on Oct 18, 2011 at 02:48 AM
    Duke's CEO recently told a room full of government officials that southern electric rates have been too low for a long time now and will climb 30% over the next few years. This merger will ensure that those rates increase. Just what we need....an electric utility that is too big to fail. The taxpayers will no doubt be helping Duke build nukes soon.
  • by Michael Location: Vanceboro on Oct 17, 2011 at 10:08 PM
    And since the North Carolina Utilities Commission members are appointed they don't have to worry about being voted out !
  • by taxman Location: wilson on Oct 17, 2011 at 05:10 PM
    Yes certainly, hurry-up and rush thru the process so Duke Energy can meet their timing and all the execs get hefty bonuses. You Regulators forget that you are supposed to be working for the state of NC and hence the customers of these people and supposed to protect the customer's interest ? Maybe the Duke Energy board of directors has "reached" the regulatory agency responsible and "greased the skids" so to speak ?
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