Duke, Progress Aim To Ease FERC's Merger Concerns

Law360, New York (February 17, 2012, 1:37 PM EST) -- Duke Energy Corp. and Progress Energy Inc. are eyeing transmission improvements and other measures for a revised plan that they hope will allay the Federal Energy Regulatory Commission's competition concerns over their proposed $26 billion merger, executives said Thursday.

FERC in December found that the proposed mitigation plan Duke Energy and Progress Energy jointly filed in October did not substantially eliminate the opportunity for the merged entity to act anti-competitively in North and South Carolina. While the agency didn't reject the merger outright, the decision pushed...
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