Duke, Progress Try To Zap FERC's Antitrust Concerns

Law360, New York (March 26, 2012, 7:07 PM EDT) -- In another bid to win support from federal regulators, Duke Energy Corp. and Progress Energy Inc. on Monday promised transmission line upgrades and deals with power wholesalers as steps to preserve competition after a $26 billion merger that would create the nation’s largest utility.

A previous version of the so-called market-power mitigation plan was rejected in December by the Federal Energy Regulatory Commission, which said “market power concentration in the Carolinas would rise to unacceptable levels” under the proposed framework.

In the plan filed Monday, Duke...
To view the full article, register now.