corporate mergers
July 3, 2012 -
Environmental and press watchdogs say Duke Energy is violating public records laws by keeping secret the special rate deals it negotiated with 17 major customers to win their support for the merger, which got final regulatory approval yesterday. In addition, regulators are questioning a surprise change in leadership at the newly merged company.
December 15, 2011 -
Federal regulators have ruled that the plan to create the nation's largest electric utility could allow the company to act anti-competitively. The decision comes after major environmental groups struck a deal that would have required the merged company to promote greener power.
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.
December 1, 1974 -
This article originally appeared in Southern Exposure Vol. 2 No. 4, “Focus on the Media.” Find more from that issue here.