Friday, October 7, 2011

F.C.C. Plans to Direct More Support to Broadband -

"The plan would transform the largest component of the fund, which provides $4.5 billion annually to subsidize residential phone service in rural areas that would otherwise be uneconomical for companies to serve.

The money would instead go to a new Connect America Fund, providing both wired and wireless Internet access to homes, businesses and “anchor institutions” like libraries and public service organizations."

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Thursday, October 6, 2011

Progress CEO: Power rates could rise for 20 years - Charlotte Business Journal

John Downey
"He noted the Federal Energy Regulatory Commission ruling, which will require additional conditions on the merger because of harm it will do to wholesale power markets in the Carolinas. He said Progress and Duke will file steps it proposes to take to address those issues in two weeks. And he says the companies still hope to close the deal before the end of the year.

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Sunday, October 2, 2011

Duke-Progress merger troubles regulators - Local/State -

John Murawski
"As a result, the commission conditionally approved the merger but said the two electric utilities had 60 days to propose solutions if they wished to proceed with the merger. The agency's suggested remedies are to sell off power plants, build new transmission lines, or join a regional transmission authority.


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