Thursday, April 26, 2012

New Bern, Rocky Mount criticize Progress, Duke merger proposal - Local/State -

John Murawski, 04/26/12

In filings Wednesday with the Federal Energy Regulatory Commission, the towns characterized the companies’ March proposal as “legal legerdemain” that would do little to address concerns raised by creating the nation’s largest electric utility. The legal fight waged by the two eastern North Carolina towns was largely dismissed as quixotic until the federal commission stunned Duke and Progress executives last year by soundly rejecting the merger.

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