Activists protest Duke Energy’s annual meeting – Rocky Mount Telegram

CHARLOTTE – Environmental activists are blocking a train shipment of coal to a Duke Energy plant outside of Charlotte. The action comes the same day the utility company is holding its annual shareholder’s meeting in North Carolina’s largest city. (More)

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Progress and Duke Energy Merger

City files third objection to Duke-Progress Energy merger – Rocky Mount Telegram

Rocky Mount and New Bern continue to fight a merger that proposes to create the nation’s largest utility company.

The opposition comes at a time when Duke Energy Corp. and Progress Energy Inc. are facing a tight deadline for getting their planned $26 billion merger completed. (More)

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Progress and Duke Energy Merger

Duke, Progress move back merger date to mid-year – News & Observer

Duke Energy and Progress Energy have delayed the closing date of their corporate merger as the two North Carolina electric companies face tough regulatory scrutiny of their proposed $26 billion deal.

In a memo to employees issued today, the companies said the earliest their merger could now close is May or June. Just last month, Charlotte-based Duke and Raleigh-based Progress predicted they could finish their merger as soon as March. (More)

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ElectriCities

Progress-Duke delay good for Eastern N.C. – Source: The Rocky Mount Telegram

Some welcome news came this week with the announcement that Duke Energy’s plans to gobble up Progress Energy had been delayed by federal regulators.

Rocky Mount and New Bern can claim victory in the announcement, which experts predict will delay any utility merger for at least three months. (More)

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New Bern NC – Duke-Progress merger blocked by regulators – Source: Sun Journal

City of Rocky Mount Responds to Recent FERC Order–Rejection of Duke-Progress Energy Merger

ElectriCities

New Bern NC – Duke-Progress merger blocked by regulators – Source: Sun Journal

A merger between Duke Energy and Progress Energy to form the largest utilities company in the country has be blocked by federal regulators.

The Federal Energy Regulatory Commission said in a statement Thursday that Duke and Progress have not done enough to protect competition in North Carolina and South Carolina. (More)

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City of Rocky Mount Responds to Recent FERC Order–Rejection of Duke-Progress Energy Merger

ElectriCities

Commission delays Duke-Progress merger – Source: The Wilson Times

The Federal Energy Regulatory Commission on Wednesday rejected Duke Energy Corp. and Progress Energy’s proposed mitigation plan to remedy their merger’s harmful effects on competition.

It became another hitch in the large proposed merger between the two energy giants. But it doesn’t stop the merger itself. Still, the ruling could delay any approval into next year. (More)

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City of Rocky Mount Responds to Recent FERC Order–Rejection of Duke-Progress Energy Merger

ElectriCities

City of Rocky Mount Responds to Recent FERC Order–Rejection of Duke-Progress Energy Merger

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Rocky Mount NC & New Bern NC: Feds deny, delay Duke-Progress merger again – Source: News & Observer

ElectriCities 

Feds block Duke-Progress merger

North Carolina AG opposes Duke Energy rate hike – Source: Bloomberg Businessweek

DURHAM, N.C.

North Carolina Attorney General Roy Cooper says he’s opposing Duke Energy Corp.’s proposal to raise the rates consumers pay for electricity.

Cooper said Thursday the Charlotte-based utility’s bid to raise rates by an average of about 17 percent during hard economic times would make it harder for families to make ends meet. (Read more)