Public hearings continue all day Wednesday in Raleigh on the proposed merger between Duke Energy and Progress Energy.
The N.C. Utilities Commission started the hearings yesterday with impassioned pleas from residents to block the merger, followed by statements from Duke CEO Jim Rogers and Progress CEO Bill Johnson. The agency, which is expected to approve the merger, has set aside the rest of the week to hear from experts.
The North Carolina electric companies want to create the nation's biggest utility with 7.1 million customers in six states. Rogers and Johnson laid out the rationale for the merger Tuesday as a strategy to create the financial heft needed to embark on multi-billion dollar construction projects.