SC Utility News Digest - a Service of the Terreni Law Firm, LLC
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 - TheState.com
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.
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.
Saturday, June 23, 2012
Duke Energy names S.C. president - Charlotte Business Journal
John Downey
Gillespy takes over in South Carolina as parent company Duke Energy Corp. prepares to merge with Progress Energy Inc. The operations of the two utility subsidiaries will remain separate for several years after the merger. But Gillespy will be in charge of regulatory issues, government relations and community affairs for both the Duke and Progress utilities in the state.
Gillespy takes over in South Carolina as parent company Duke Energy Corp. prepares to merge with Progress Energy Inc. The operations of the two utility subsidiaries will remain separate for several years after the merger. But Gillespy will be in charge of regulatory issues, government relations and community affairs for both the Duke and Progress utilities in the state.
Friday, June 22, 2012
AT&T fighting FCC over special access - Eliza Krigman - POLITICO.com
Eliza Krigman
Special access isn’t as high-profile as fights between AT&T and the Federal Communications Commission over other issues, such as net neutrality regulations or the telecom company’s failed bid to acquire T-Mobile USA. But it makes for another bitter dispute between AT&T and the FCC, one that could wind up in court.
Special access isn’t as high-profile as fights between AT&T and the Federal Communications Commission over other issues, such as net neutrality regulations or the telecom company’s failed bid to acquire T-Mobile USA. But it makes for another bitter dispute between AT&T and the FCC, one that could wind up in court.
Wednesday, June 20, 2012
Support for mini-nuclear reactors gaining steam in SC - Business - TheState.com
Jeff Wilkinson
The U.S. Department of Energy has given the green light for three companies to partner with SRS to potentially develop the nation’s first mini-reactors there. The three companies are competing with other plant design companies across the nation – and each other – for federal matching grants totaling up to $452 million to support engineering, certification and licensing for up to two mini-reactor designs. Winners are expected to be announced later this summer.
The U.S. Department of Energy has given the green light for three companies to partner with SRS to potentially develop the nation’s first mini-reactors there. The three companies are competing with other plant design companies across the nation – and each other – for federal matching grants totaling up to $452 million to support engineering, certification and licensing for up to two mini-reactor designs. Winners are expected to be announced later this summer.
Monday, June 11, 2012
Duke Energy, Progress Call FERC Decision 'Positive' for Merger | Fox Business
"We are pleased that the FERC has conditionally approved the merger, our Joint Dispatch Agreement and Joint Open Access Transmission Tariff," Jim Rogers, Duke's chairman, president and chief executive said in a statement. "We will quickly complete the evaluation of the conditions in the orders while working to obtain the remaining regulatory approvals to close the merger on July 1."
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