Duke Energy and Progress Energy recently filed a second wholesale market power mitigation plan with the North Carolina Utilities Commission as part of their proposed merger.
The North Carolina Utilities Commission has up to 30 days to review the mitigation plan before it is filed with the Federal Energy Regulatory Commission, which required mitigation measures to offset market power concerns in the Carolinas resulting from the proposed merger.
"The intent of this merger is to strike the right balance between the customer and shareholder benefits, and that continues to be our goal," said Jim Rogers, chairman, president and CEO of Duke Energy.
