Wednesday, March 5, 2014

Court upholds Duke-Progress merger approval |

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.

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