Court upholds Duke-Progress merger approval | CharlotteObserver.com

By Bruce Henderson
bhenderson@charlotteobserver.com

By Bruce Henderson The Charlotte Observer

Posted: Tuesday, Mar. 04, 2014

Read more here: http://www.charlotteobserver.com/2014/03/04/4740317/court-upholds-duke-progress-merger.html#storylink=cpy

The N.C. Court of Appeals has upheld state approval of Duke Energy’s 2012 merger with Progress Energy, which created the nation’s largest utility.

The court ruled Tuesday on challenges to the $32 billion deal that were filed by the city of Orangeburg, S.C., and the Durham advocacy group NC WARN. The groups appealed approval of the merger by the N.C. Utilities Commission.

Read more here: http://www.charlotteobserver.com/2014/03/04/4740317/court-upholds-duke-progress-merger.html#storylink=cpy