Duke Energy Moves To Become Largest Utility in the U.S.
In a move that would create the largest utility in the United States, Charlotte, N.C.-based Duke Energy and Raleigh, N.C.-based Progress Energy announced on Jan.10 that they plan to complete a $13.1-billion all-stock merger before the end of the year.
The combined company, to operate as Duke Energy, would have more than seven million electric customers and 57.2 GW of company-owned electric generation. Duke Energy operates in the Carolinas, Indiana, Kentucky and Ohio, and Progress Energy operates in the Carolinas and Florida.