Saturday, June 30, 2012

SCE&G wants rate hike for electricity - Business -

Kristy Eppley Rupon
Paired with a fuel-cost reduction, the rate hike would come out to an extra $6.67 a month – or about $80 a year – for a customer who uses 1,000 kilowatt hours a month, the utility estimated.

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NC regulators clear hurdle to Duke-Progress merger - Businessweek

RALEIGH, N.C. (AP) — North Carolina utilities regulators on Friday approved the long-planned takeover of Progress Energy by Duke Energy, clearing the last major hurdle to creating the largest American electric company.

Tuesday, June 26, 2012

NC regulators hear arguments in energy merger - Businessweek

A spokesman for the North Carolina Utilities Commission said the final verdict will not likely be handed down the day of the hearing, but could come this week.

Duke Energy and Progress agree to FERC conditions on merger | Financial News

The pair made a compliance filing with FERC, after saying earlier in June that the conditional orders by the regulator were a positive development which would allow them to wrap up the merger by the planned deadline on 1 July.

Sunday, June 24, 2012

NC regulators to hear opposition to utility merger - State & Regional -

 Allen Reed
NC WARN is trying to put the brakes on the $23.4 billion merger that would span six states, employ nearly 30,000 workers, serve more than 7 million accounts and have more than $100 billion in assets. The nonprofit argues the marriage between the energy giants will increase prices that customers pay. They say the companies have hid millions of dollars in costs that will raise utility rates.

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