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Duke Energy Buys Progress Energy In $13 Billion Deal

Core Drama At Largest US Electric Company Lingers

RALEIGH, N.C. (AP) — The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina’s two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.

CBS Charlotte–07/30/2012

Duke Energy Buys Progress Energy In $13 Billion Deal

Duke Energy Faces Shareholder Suit Over CEO Switch

CHARLOTTE, N.C. (AP) — Duke Energy Corp. is facing a shareholder lawsuit alleging directors of America’s largest electric company hurt investors by misleading North Carolina regulators about who the CEO would be after taking over Progress Energy.

CBS Charlotte–07/17/2012

(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