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Duke Progress Merger

(Photo by Davis Turner/Getty Images)

Duke, Progress Agree To New July Merger Deadline

RALEIGH, N.C. (AP) — Progress Energy and Duke Energy have agreed that July will be the new deadline for completing their merger to create the country’s largest electric utility.

CBS Charlotte–01/10/2012

(Photo by Davis Turner/Getty Images)

Duke-Progress Merger Facing Competition Worries

RALEIGH, N.C. (AP) — Federal regulators are blocking the merger of Duke Energy and Progress Energy to form the country’s largest electric company, ruling the companies haven’t done enough to protect competition in their North Carolina and South Carolina home markets.

CBS Charlotte–12/15/2011