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Duke And Progress Energy To Merge

Duke Energy and Progress Energy officials announced today they are merging their companies. Duke Energy will be the name of the combined company. Its headquarters will be in Charlotte and it will become the largest utility in the country. Progress Energy C-E-O William Johnson will be the new Duke Energy leader. He says the merger is good for North Carolina:

"You know, this combination allows us to do something unique, which is to operate our generating system as one company in the Carolinas. And that efficiency in running the generation system will provide, we think, benefits of 600 to 800 million dollars for customers in the Carolinas for the next five years."

Johnson would not go into detail about possible lay-offs as a result of the merger. He said only that the company expects to lose workers through attrition and retirement.

Leoneda Inge is the co-host of WUNC's "Due South." Leoneda has been a radio journalist for more than 30 years, spending most of her career at WUNC as the Race and Southern Culture reporter. Leoneda’s work includes stories of race, slavery, memory and monuments. She has won "Gracie" awards, an Alfred I. duPont Award and several awards from the Radio, Television, Digital News Association (RTDNA). In 2017, Leoneda was named "Journalist of Distinction" by the National Association of Black Journalists.
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