FERC Asks Duke, Progress For More Info On Merger Plans

Law360, New York (April 11, 2012, 1:36 PM EDT) -- The Federal Energy Regulatory Commission on Tuesday sought additional information on measures Duke Energy Corp. and Progress Energy Inc. plan to take to evade antitrust clamps for their planned $26 billion merger.

In a letter to the companies, the energy overseer asked for clarification on a series of new transmission line projects the companies are proposing in order to allow other companies to deliver energy to the companies’ service areas and consequently fend off the regulator’s concerns about the merger's effects on the energy market....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.