Dive Summary:
- North Carolina regulators received notice from the city of Orangeburg, S.C., that Orangeburg will appeal the June 29 order that allowed Duke Energy and Progress Energy to merge and become one company.
- In the notice, stating that Orangeburg will take its case to the N.C. Court of Appeals, Orangeburg argues that that the decision to allow the original ruling was arbitrary and "not in the public interest.”
- The North Carolina Utilities Commission has said that Orangeburg had no standing in the merger hearings, since the city voluntarily withdrew from its only contract with Duke.
From the article:
The city of Orangeburg, S.C., has given N.C. regulators notice that it intends to appeal their June 29 order approving Duke Energy’s $32 billion merger with Progress Energy to the N.C. Court of Appeals. ...
