nc utilities commission

June 15, 2012 - The deal to combine the two North Carolina-based utility giants has won conditional approval from federal regulators, but could it fall apart over worries about Progress Energy's Crystal River nuclear debacle in Florida and other expensive problems?

May 2, 2012 - A watchdog group has filed a petition with North Carolina regulators seeking to change the way the power giant sets its rates, which dramatically favor energy-hungry data centers run by well-heeled companies like Google, Apple and Facebook over residential customers and small businesses.

January 17, 2012 - The N.C. Attorney General says the utility giant's proposed 7.2% rate hike unfairly favors investors over ordinary consumers, while public-interest groups accuse the company of taking from the poor to give to Google and other corporate energy hogs.

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.