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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