Friday, May 4, 2012

Progress and Duke dismiss critics as merger ruling looms -

John Murawsky
The News & Observer
The two electric companies urged the Federal Energy Regulatory Commission to reject objections to the proposed merger and quickly approve the deal in a regulatory filing this week.
Raleigh-based Progress and Charlotte-based Duke are anticipating a decision from the federal commission as early as next month. The commission has twice before rebuffed the merger, but each time gave the power companies an opportunity to revise their application.

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