Tuesday, March 8, 2011

Duke Energy to pursue more acquisitions - CharlotteObserver.com

John Murawski
March 7, 2011
"'We'll be in a stronger position to continue the consolidation, which I think is inevitable in a very fragmented market in the U.S.,' Rogers said. 'As you think about how this industry has consolidated over the last 20 years, it continues.'

Rogers told the British newspaper that talk of future acquisition is premature, but noted that post-merger, Duke will be in a stronger position to continue expanding. The Duke-Progress combination will create the nation's largest electric utility with 7.1 million customers and a market capitalization of about $38 billion."

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