Duke Energy

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.

Duke Energy officials hope a state Utilities Commission hearing today is the final hurdle before a merger with Progress Energy is complete.

Gurnal Scott: The commissioners will hear from company leaders about how consumers will be protected as Duke Energy seeks to become the nation's largest utility. Spokesman Tom Williams says the last year and a half since announcing the 26 billion dollar merger has prepared them.

RTI International has been awarded 4-point8-million dollars to develop technology to help reduce the energy needed to power manufacturing facilities.

Leoneda Inge:  RTI International will partner with Duke University and Veolia Water Solutions in Cary to develop a system that will allow heat from industrial processes to treat waste-water.  David Danielson is Assistant Secretary of Energy Efficiency and Renewable Energy for the US Department of Energy.  He says his office is funding 13 projects in this first round.

Duke and Progress Energy have filed an updated merger plan with federal regulators.  The companies filed a “market power” mitigation plan they hope will move the process along.

It could be six months before the Duke Energy-Progress Energy merger is complete.

A Durham-based environmental group warns utility companies are trying to add nuclear capacity without significantly reducing their use of coal power. A report from NC WARN focuses on what they call the "Southeast Five." That includes both Duke Energy and Progress Energy. Jim Warren is executive director of NC WARN.

State regulators continue a hearing today about whether Duke Energy and Progress Energy should merge.

The North Carolina Utilities Commission will hear testimony Tuesday on the proposed merger of Duke Energy and Progress Energy. The Commission will hear from company officials in favor and from environmental groups opposed to the merger. Tom Williams is a spokesman for Duke Energy.

Several environmental groups have filed a challenge to the proposed merger of Duke Energy and Progress Energy. The merger between the two North Carolina-based companies would create the country's largest utility. Southern Environmental Law Center attorney Gudrun Thompson says that makes Duke and Progress responsible for leading the way in developing clean energy resources.

An exemption for biomass facilities from carbon dioxide limits under the Clean Air Act is being challenged in court. The Environmental Protection Agency is exempting biomass facilities from the rules for the next three years because they're considered carbon-neutral or low-carbon emitters. Frank Rambo is the senior attorney for the Southern Environmental Law Center working on that case.

Duke Energy

Duke Energy CEO Jim Rogers says his company will continue to pursue building new nuclear plants in the Carolinas. Rogers spoke yesterday during a hearing of the North Carolina Utilities commission. Rogers was discussing the development of the Lee Nuclear Station in South Carolina. Duke is asking to spend $285 million to continue to develop the plant. Some of the money will likely come from a rate increase on North Carolina customers.

One of the biggest solar farms on the east coast is now generating power for customers of Duke Energy. The joint project with Sun Edison is located in Davidson County. Jason Walls works for Duke Energy. He says the facility will generate enough electricity to power 26-hundred homes.

An Electric Marriage

Jan 10, 2011

A surprising but not shocking marriage was announced in North Carolina today.  Two – well branded utility companies – decided to get hitched. And if regulators approve the merger of Duke Energy and Progress Energy – the union will form the largest utility company in America.

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:

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