Saturday, March 30, 2013

FERC Takes Hard Line With New Power Transmission Rule - Law360

 By Keith Goldberg
According to the rule, a single public utility transmission provider, by itself, cannot satisfy the regional scope requirement. Duke had argued that its utilities Duke Energy Carolinas LLC and Carolina Power & Light Co., doing business as Progress Energy Carolinas, comprised two transmission providers, but FERC disagreed in rejecting their compliance proposal Feb. 21. Duke acquired CPL parent unit Progress Energy Inc. in a $26 billion deal in July.

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