corporate mergers

Did Duke Energy's secret talks break the law?

January 29, 2013 - An environmental watchdog group has petitioned the N.C. Attorney General to reopen the probe into the controversial Duke-Progress merger, pointing to CEO Jim Rogers' newspaper interview in which he contradicted official testimony and described what sounds like illegal secret talks with state regulators during merger settlement negotiations.

Public gets last chance to weigh in on Duke-Progress merger

September 19, 2011 - The N.C. Utilities Commission will hold a public hearing on Tuesday, Sept. 20 about the proposed merger of Progress Energy and Duke Energy to form the nation's largest electric utility, which would operate under the Duke Energy name. The hearing represents the public's last chance to weigh in on the plan. If the merger is approved, the company would become the largest U.S. utility, worth over $35 billion and with more than 7 million customers in the Carolinas, Florida, Indiana, Kentucky and Ohio.