Critics of the proposed merger between Progress Energy and Duke Energy urged state regulators Monday to hold another round of public hearings to explore alleged secrets and rumors about the utility merger that could sap the public benefits of the $26 billion deal.
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Two consumer groups join challenges to merger of Duke Energy and Progress Energy – The Tampa Bay Times
FCAN (Florida Consumer Action Network) is backing environmental and consumer watchdog group NC WARN’s request filed Monday with the North Carolina Utilities Commission for a public hearing to review fresh concerns about the merger.
Duke Doesn’t Deny NC WARN Merger Concerns – News Release by NC WARN
This was released before the North Carolina Utilities Commission order for a very limited hearing next Monday, June 25 at 2 p.m.
NC WARN Says Changes in Duke-Progress Merger Harm the Public – News Release from NC WARN
Groups from 5 merger states urge NC hearings; WARN calls for sunshine on 15 secret deals and for attorney general to investigate backroom pressure over SC nuclear project.
See NC WARN’s motion
See NC WARN’s letter to Attorney General Roy Cooper
Merger could hinge on secret Duke Energy study on broken Progress nuclear plant – Note to Editors
NC WARN today received information from an unnamed source claiming to represent Duke Energy shareholders who want out of the Duke-Progress merger.
Duke Energy – Progress Energy merger filings concede additional costs – The Charlotte Business Journal
North Carolina’s utility-customer advocate says conditions federal regulators have placed on Duke Energy’s planned $26 billion purchase of Progress Energy will increase monitoring costs to the merged company and could lead to additional losses on power sales to wholesale power marketers.
Duke Energy rate break for big businesses challenged by WARN – The Charlotte Observer
An advocacy group has challenged Duke Energy’s plan to give large commercial and industrial customers a break on most of the 7.2 percent North Carolina rate hike granted in January.
Is Duke Energy’s Rate Plan a Kickback Scheme for Favored Big Customers? – News Release from NC WARN
NC WARN today filed a challenge at the NC Utility Commission against a new Duke Energy program that would refund, to selected large customers, nearly all of last year’s controversial 7.2% rate hike.
Feds give conditional okay to Progress Energy merger with Duke Energy – The Tampa Bay Times
After two do-overs, federal regulators granted conditional approval for the merger of Progress Energy and Duke Energy, clearing the way for the two companies to form one of the largest utilities in the country.
N.C. regulators set one-week deadline for all filings in Progress-Duke merger – The News & Observer
The N.C. Utilities Commission said Tuesday that it wants all merger paperwork submitted within a week to give itself several weeks to decide on the proposed mega-merger between Progress Energy and Duke Energy.