Most Active Stories
- Statue Of A Homeless Jesus Startles A Wealthy Community
- 'Alarming' Number Of Teachers Resigning In Wake County
- UNC’s New Grading System Could Show What That ‘A’ Is Really Worth
- Not Enough Doctors? How The Medical Education System Is Contributing To The Shortage
- 'Completely Unique': Cave-Dwelling Female Insects Have Penises
Hosts, Reporters and Producers
Business & Economy
Tue June 26, 2012
State Regulators Consider Duke-Progress Merger
The decision to permit a Duke Energy-Progress Energy merger in now in the hands of state regulators.
Gurnal Scott: North Carolina Utilities Commission chairman Ed Finley was non-committal after yesterday's hearing.
Ed Finley: We hope to rule as expeditiously as we can now that everything is in.
Duke Energy hopes it's sooner rather than later. The utility claims fuel cost savings over six years and not making customers pay for layoffs will benefit consumers. Jim Warren of energy watchdog group NC WARN says his group still believes the commission is ignoring secret deals that Duke Energy will make customers pay for
Jim Warren: They can't simply blow it off. We think it has to happen and that examination has to happen before the merger is finalized.
Duke Energy is still targeting July 1st as the date the 23-million-dollar deal becomes final.