Duke, Progress Merger Provides Bigger Clout to Efficiency, Nuclear

"The giant merger between the utilities Duke Energy Corp. and Progress Energy Inc. may have a telling impact on the congressional debate over U.S. energy policy during the new session.

The more than $13 billion utility merger announced earlier this week would provide electricity service to upward of 7 million customers in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio, if approved by federal and state regulators and the Justice Department. It would have the third largest fleet of nuclear plants. Both companies have made moves away from their coal generation to natural gas, although coal still provides more than half of the generation in the combined fleet."

Katherine Ling reports for Greenwire January 13, 2011.

Thursday, January 13, 2011