Duke-Progress offer cheaper peak power for fed OK - BusinessWeek

Emery P. Dalesio

"The companies said rather than selling off any assets, they would limit profits on wholesale electricity by selling into its Carolinas markets at cost plus 10 percent for eight years. The companies said they would limit the electricity sold at that price the excess not needed by customers up to 800 megawatt-hours in the summer and 225 megawatt-hours in the winter.

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F.C.C. Plans to Direct More Support to Broadband - NYTimes.com

By EDWARD WYATT

Published: October 6, 2011

"The plan would transform the largest component of the fund, which provides $4.5 billion annually to subsidize residential phone service in rural areas that would otherwise be uneconomical for companies to serve.

The money would instead go to a new Connect America Fund, providing both wired and wireless Internet access to homes, businesses and “anchor institutions” like libraries and public service organizations."

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Progress CEO: Power rates could rise for 20 years - Charlotte Business Journal

John Downey

"He noted the Federal Energy Regulatory Commission ruling, which will require additional conditions on the merger because of harm it will do to wholesale power markets in the Carolinas. He said Progress and Duke will file steps it proposes to take to address those issues in two weeks. And he says the companies still hope to close the deal before the end of the year.
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Duke-Progress merger troubles regulators - Local/State - NewsObserver.com

John Murawski

"As a result, the commission conditionally approved the merger but said the two electric utilities had 60 days to propose solutions if they wished to proceed with the merger. The agency's suggested remedies are to sell off power plants, build new transmission lines, or join a regional transmission authority.

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Faulty gauge leads SC nuke plant to shut down - State & Regional - Wire - TheState.com

"HARTSVILLE, S.C. — Progress Energy officials say a faulty electrical relay has caused a reactor to shut down at the Robinson Nuclear Plant near Hartsville.
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ECT.coop » First in US Co-op Loan Program

Michale W. Kahn, ECT Staff Writer

"Central Electric Power Cooperative has received a $740,000 Department of Agriculture loan. Columbia, S.C.-based Central will use the funds to underwrite 100 residential loans for an energy efficiency research pilot over the next year.

The zero-percent interest money comes from the Department of Agriculture’s Rural Economic Development Loan and Grant program, or REDLG. State co-op officials said this is the first time a REDLG loan has been used strictly for energy efficiency.

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How Government Can Stimulate Green Technology - Room for Debate - NYTimes.com

Lisa Morganelli

"How the U.S. Can Be Effective"

Lisa Margonelli, is the director of the Energy Policy Initiative at New America Foundation. She is the author of "Oil on the Brain: Petroleum's Long Strange Trip to Your Tank" and published the Energy Trap.

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