Tuesday, September 6, 2011

SC, NC regulators OK Duke-Progress merger accord - Business - TheState.com

Jim Davenport
"On Tuesday, the South Carolina Office of Regulatory Staff approved a settlement agreement that requires at $650 million in retail electric customer savings during the first five years of the merger. That money would be used to offset fuel cost increases, a key component of electricity bills, said Dukes Scott, the agency's executive director.

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