RALEIGH, N.C. (AP) -- Opponents of the creation of the nation's largest electric utility have one more chance to plead their case before energy regulators.
The North Carolina Utilities Commission will hold a hearing about the merger between Duke Energy and Progress Energy on Monday in Raleigh at the behest of environmental nonprofit NC Waste Awareness and Reduction Network. It is likely the last hurdle for the marriage of the two companies, which have until July 8 to complete the merger that started in January 2011.
NC Warn says the two utilities have hidden millions of dollars in costs that will ultimately raise utility rates. Duke and Progress say the merger will actually save $650 million by combining jobs and those savings will trickle down to customers.