Tagged: Progress Energy

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Local News
4:24 pm
Thu July 26, 2012

Watchdog Group Calls For New Hearings In Duke Merger

Credit Duke Energy/Flickr
Duke Energy building in Charlotte

The outspoken watchdog group NC WARN has begun a legal effort to have state regulators retract approval of the merger between Duke and Progress Energy.

The North Carolina Utilities Commission is already taking a second look at the Duke/ Progress merger in light of the company's last-minute change of CEO.

But NC WARN would like the whole thing reopened, which would force Duke to justify the merger again, and give regulators the option of rejecting it.

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