Law360, New York (April 23, 2012, 3:46 PM ET) -- A South Carolina city blasted Duke Energy Corp. and Progress Energy Inc. on Friday for allegedly trying to “game the system” with a deceptive antitrust plan linked to the energy giants' proposed $26 billion merger, which will create the country's largest utility.
The city of Orangeburg filed a comment with the Federal Energy Regulatory Commission, saying that the most recent power mitigation plan that the two energy companies delivered to the federal agency in March was both insubstantial and craftily worded to circumvent any real divestiture...
$26B Duke, Progress Merger Plan Faces Antitrust Heat In SC
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