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Duke, Progress Energy merging

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, Florida, ...

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