Duke Energy promises over $1 billion in savings over a decade from merger of North, South Carolina utilities

Carolinas merger sought for Duke Energy Carolinas, Duke Energy Progress

(The Center Square) – Charlotte-headquartered Duke Energy would like to get federal and state permissions to enjoin Duke Energy Carolinas and Duke Energy Progress in the Carolinas, saying it could

Duke Energy seeks to merge Carolina utilities

CHARLOTTE — Duke Energy Corp. says its move to combine electric utility subsidiaries in North and South Carolina into one entity could save customers more than $1 billion over a decade.

Duke Energy promises over $1 billion in savings over a decade from merger of North, South Carolina utilities

The two entities own 34,600 megawatts of energy capacity, producing electricity for 4.7 million residential, commercial and industrial customers in service areas covering 52,000 square miles.

E&E News: Duke Energy seeks to merge Carolina utilities

The power company projects retail customer savings from the deal to reach more than $1 billion through 2038.