Progress-Duke merger approved by N.C. regulators
Published Fri, Jun 29, 2012 11:14 PM
State regulators on Friday finally approved the merger between Progress Energy and Duke Energy, ending an 18-month legal marathon and clearing the way for the creation of the nation’s largest electric utility with 7.1 million customers.
Dominion Virginia Power Earns ‘Emergency Recovery Award’ for Power Restoration Efforts
WASHINGTON, March 21, 2012 /PRNewswire/ — The Edison Electric Institute today honored Dominion Virginia Power with the association’s “Emergency Recovery Award” for outstanding power restoration efforts in the wake of a major hurricane in August 2011.
FirstEnergy-Allegheny Energy Merger Closes Effective Today
AKRON, Ohio, Feb. 25, 2011 — FirstEnergy Corp. (NYSE: FE) announced that its merger with Allegheny Energy, Inc. (NYSE: AYE), has closed, effective today, marking the beginning of combined operations. This follows the company’s acceptance of conditions included in yesterday’s Pennsylvania Public Utility Commission approval.
Regulators reject Duke-Progress Energy merger plan
RALEIGH, N.C. (AP) – Federal regulators are blocking Duke Energy’s (DUK) planned acquisition of Progress Energy (PGN) to form the country’s largest electric company, ruling the companies haven’t done enough to protect competition in their North and South Carolina home markets.
Pepco Invests $521 Million in Infrastructure Improvements in 2011
WASHINGTON D.C. – Pepco, a utility affiliate of Pepco Holdings, Inc. (PHI), today announced it invested more than a half billion dollars in infrastructure improvements in 2011, completing the first full year of a comprehensive multi-year effort to improve electric service to customers. In 2011, Pepco invested $521 million in capital improvements, an increase of 45 percent compared to one year ago when capital expenditures were $359 million. These investments, along with Pepco’s 2011 operations and maintenance expense of $420 million, an increase of 19 percent compared to 2010, are beginning to produce tangible improvements for our customers in electric system reliability, restoration and customer service. Pepco plans to invest an additional $2.7 billion in capital improvements over the next five years.