Duke Energy and Progress Energy File Market Power Mitigation Plan with the North Carolina Utilities Commission

CHARLOTTE, N.C. and RALEIGH, N.C., Feb. 22, 2012 /PRNewswire/ — Duke Energy and Progress Energy today filed a second wholesale market power mitigation plan with the North Carolina Utilities Commission (NCUC) as part of their proposed merger. “The intent of this merger is to strike the right balance between the…

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FERC Rejects Market Power Mitigation Proposal in Duke-Progress Merger

The Federal Energy Regulatory Commission (FERC) today rejected Duke Energy Corp. and Progress Energy, Inc.’s proposed mitigation plan to remedy their merger’s harmful effects on competition, saying it cannot unconditionally approve the merger until the applicants remedy the harmful effects on competition previously identified by FERC. On Sept. 30, 2011,…

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Energy merger by year-end looks doubtful

By: JOURNALNOW STAFF McClatchy-Tribune RALEIGH, NC | It’s looking less likely that Duke Energy and Progress Energycan meet their goal of merging by year’s end.”Given the amount of approvals needed, you could certainly look at it that way,” said Duke Energy’s Tom Williams.On Monday, the companies asked the Federal Energy Regulatory Commission to…

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