Duke Energy, NCEMPA deal imminent? Wilson Times

The potential sale of N.C. Eastern Municipal Power Agency electric generation assets to Duke Energy Progress could be announced soon.

Graham Edwards, chief executive officer of ElectriCities, said in May that a purchase offer could be made as early as July or soon thereafter. No announcement was made during NCEMPA’s Wednesday meeting in Wilson.

Grant Goings, Wilson city manager and member of the Electricities Board of Directors, said that a deal could be forthcoming and continues to speak well of the possible sale that could lead to lower Wilson Energy electric rates.

"Negotiations are continuing and we hope to finalize the deal very soon,” Goings said. "I truly believe the parties are going to reach a deal but there still will remain some regulatory and legislative hurdles to clear. Our city council is on record supporting these negotiations and we will do everything we can to see an outcome that benefits our customers and our community.” (Source: Read more)