NC WARN filed notice with the NC Court of Appeals on January 9, 2013 that it is challenging the NC Utilities Commission’s approval of the 2012 merger between Duke Energy and Progress Energy, which created the largest US electric utility. We are alleging numerous errors in the Commission’s process and its end result, and are seeking to revoke or modify the merger so that Duke’s management and stockholders – not its customers – bear the costs of its corporate mistakes and secret deal-making.
The court heard oral arguments on November 6, 2013. A ruling is not expected for several months.
For more on NC WARN’s work on the merger, you can:
Check out our August 2012 ad campaign: What is Duke Hiding?
Read the news release about the ad (August 16, 2012)
Read more articles and press releases on the Duke-Progress merger:
Watchdog group wants probe of Duke Energy negotiations, Charlotte Business Journal, January 28, 2013
Group claims Duke Energy’s talks with state regulators were improper, Charlotte Observer, January 28, 2013
Did Duke CEO and Top Regulator Break the Law by Cutting Deal on Merger Scandal?, News Release from NC WARN, January 28, 2013
Jim Rogers: Duke Energy merger with Progress was worth it, Charlotte Observer, January 17, 2013
N.C. environmental group sues to overturn Progress Energy-Duke merger, Tampa Bay Times, January 10, 2013