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New Bern FERC showdown over Duke Progress merger outcome
The city of New Bern opposed a proposed Duke Energy of Charlotte purchase of Progress Energy of Raleigh, a merger affecting 7.1 million electricity customers across several states. FERC ordered mitigation to limit anti competitive effects, while local officials and ElectriCities debated remedies and potential rate impacts for Eastern North Carolina. Officials emphasized the need to curb high bills and protect regional competition.
MENTIONED IN THIS ARTICLE
Bettis
Washington, D.C
FERC
Duke Energy of
Charlotte
Progress Energy of
Raleigh
Carolinas
Florida
Kentucky
Indiana
Ohio
Duke
Progress
New Bern
John Coyle
Coyle
Bill Johnson
Progress Energy
Graham Edwards
ElectriCities
Eastern Carolina