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Duke Energy

Duke-Progress merger facing competition worries

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The merger of Duke Energy and Progress Energy to form the country's largest electric company is not getting the approval needed by federal regulators. Full story...
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Duke Energy asks NC regulators for 7% rate rise

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North Carolina utilities regulators are opening hearings into whether Duke Energy should be allowed to raise electricity rates by more than 7 percent. The North Carolina Utilities Commission begins hearings Monday on Duke Energy's request for a 7.2 percent rate increase. Full story...
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Duke Energy agrees to 7.2% rate increase

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Duke Energy has agreed to a 7.2 percent rate increase for its customers in North Carolina, cutting its initial proposal in half. Full story...
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Duke, Progress want new hearing on merger

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Duke Energy and Progress Energy have asked federal regulators to take another look at their merger proposal. Full story...
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Duke-Progress to hurry solutions on competition

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Executives of Duke Energy and Progress Energy say they'll need only about two weeks to address federal regulators' concerns that their merger will too heavily concentrate the Carolinas electric power market. Full story...
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NC opens hearings on Progress-Duke Energy merger

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Critics are telling North Carolina regulators they should only allow Duke Energy and Progress Energy to merge and become the largest electric utility in the country if they also make revolutionary changes in how they operate. Full story...
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Duke, Progress want limits on NC's merger hearings

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Duke Energy and Progress Energy are asking North Carolina regulators to skip consideration of the economy in deciding whether to approve the companies' merger into the country's largest electric utility. Full story...
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Groups challenge Duke-Progress Energy merger in NC

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Some environmental groups have filed last-minute challenges to the proposed merger between Duke Energy and Progress Energy. Full story...
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Progress Energy to make big job cuts in Raleigh

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Progress Energy plans to cut as much as half of its work force at its downtown Raleigh headquarters if its planned merger with Charlotte-based Duke Energy is approved. Full story...
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Progress Energy to make big job cuts in Raleigh

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Progress Energy plans to cut as much as half of its work force at its downtown Raleigh headquarters if its planned merger with Charlotte-based Duke Energy is approved. Full story...
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Shareholders set to vote on Duke-Progress merger

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Shareholders of North Carolina's two largest utilities are voting on whether to merge the two electric companies into the country's largest utility. Full story...
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Duke Energy guarantees $10M for convention in NC

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One of Charlotte's biggest companies is guaranteeing a $10 million line of credit for the 2012 Democratic National Convention. Full story...
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NC officials get details on Duke-Progress deal

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The financial combination of Duke Energy and Progress Energy won't lead to too many changes for their North Carolina customers and regulators. Full story...
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NC advocate wants Duke-Progress merger savings

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North Carolina's chief consumer advocate for utilities says state regulators will insist on ratepayers getting some of the savings from the merger of Duke Energy and Progress Energy. Full story...
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Duke Energy to buy Progress Energy

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Duke Energy and Progress Energy announced today that both companies’ Boards of Directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. Full story...
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