Duke Energy Corp. and Progress Energy today filed applications with the North Carolina Utilities Commission, asking for approval for a merger the companies announced in January. Charlotte-based Duke and Raleigh-based Progress would become the largest electric utility in the U.S. if the deal is approved. The application to the utilities commission outlined customer benefits expected from the [...]
A merger of Charlotte-based Duke Energy Corp. and Raleigh-based Progress Energy would be good for ratepayers, the president of Progress says in the company’s annual report released today to shareholders. “By joining forces with Duke Energy, our neighbor for more than a century, we will be in a better position to manage the transformation occurring [...]
Duke Energy Corp. CEO Jim Rogers today called for ”purpose-driven” capitalism, saying said North Carolina’s biggest competition is global. “Our greatest competition isn’t inside North Carolina,” Roger said at a meeting of the North Carolina Chamber of Commerce in Durham. “Our biggest competitors aren’t the companies and states in the South, or the East or West coasts. [...]
In many people’s minds, Charlotte is still Banktown. So says a survey conducted as a starting point for a public relations campaign launched this year by the Charlotte Chamber of Commerce, Charlotte Center City Partners and Charlotte Regional Partnership to encourage positive press about the city. The 61 site selectors — consultants who help a [...]
While the seeds were already planted, the recession and the tremors it sent through the financial sector helped pave the way for new industries in Charlotte. Although the city is still known as a banking capital, some expect those new industries — energy, foreign investments, biotechnology and small and minority-owned businesses — to substantially change [...]
Duke Energy’s planned merger with Raleigh-based Progress Energy will energize the Queen City’s plans to become an energy capital, Charlotte officials said. This morning, Charlotte-based Duke said it is merging with Progress, in a $26 billion deal that will create the largest utility in the U.S. Charlotte would remain the headquarters of the new company, [...]
Charlotte-based Duke Energy Corp. said today that it is merging with Raleigh-based Progress Energy in a $26 billion deal that will create the largest utility in the U.S. The combined company, Duke Energy, will be headquartered in Charlotte but “maintain substantial operations in Raleigh,” Duke said. It will serve 7.1 million customers in North Carolina, South Carolina, [...]
