Thursday, March 17, 2011

State advocates seek more say in Duke-Progress merger | Charlotte Business Journal

John Downey

Duke and Progress say they need approval of the merger from only North Carolina and Kentucky. That has raised concerns that utility customers in other states might not share as completely in the savings and other concessions the utilities might make to gain approval.

The Office of Rate Intervention in the Kentucky attorney general’s office organized a working group involving other states served by the two utilities. So far, the Public Staff of the N.C. Utility Commission, the Ohio Consumer Counsel the Indiana Office of Utility Customer Council and the S.C. Office of Regulatory Staff have agreed to participate.

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