An advocacy group asked the N.C. Utilities Commission on Thursday to reconsider its approval of the Duke Energy-Progress Energy merger, claiming Duke hid plans to spend more than $2 billion in nuclear plant upgrades.
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Watchdog group calls for new hearings in Duke merger – WFAE
Commission Must Revisit Utility Merger Approval – NC WARN News Release
State regulators must reopen evidentiary hearings and require Duke Energy to prove why its already-sullied takeover of Progress Energy should not be revoked. Click here for news release and three legal motions.
Click here to listen to an audio recording of the press conference.
How the utilities panel failed us – Column by Rick Martinez in The News & Observer
After listening to the hours of hearings probing the 20-minute tenure of former Progress Energy CEO Bill Johnson at the merged Duke Energy, I can’t escape this conclusion: The new Duke Energy board is much better at protecting its shareholders than the state Utilities Commission is at protecting North Carolina’s ratepayers.
Nukes at the core of Duke-Progress marriage – The Independent Weekly
Retreating Duke Energy Withdraws Kickback Scheme – News Release from NC WARN
Under cover of a public storm involving a corporate merger scandal that has shaken the largest U.S. power company, Duke Energy last week withdrew a proposed program to refund to a select group of large customers nearly all of last fall’s controversial seven percent rate hike that was levied against all Duke Energy Carolinas customers.