The North Carolina Utilities Commission approved the $32 billion merger of Duke Energy and Progress Energy on June 29, 2012. Under the NC Utilities Commission order, the combined company will retain the name, Duke Energy and will be headquartered in Charlotte. Once combined Duke Energy and Progress Energy will be the world’s second-largest private utility, according to Duke Energy.
The North Carolina Sustainable Energy Association (NCSEA) intervened in the merger proceedings.
NEWS ALERT: NC Attorney General Launches Probe of Duke-Progress Merger In Wake of CEO Change. Click here to read the complete story.
Similarly, the NC Utilities Commission has scheduled an investigation and hearing on Tuesday, looking at why Duke Energy decided to replace CEO Bill Johnson with Duke's James Rogers. To read the Commission order, click here.