Duke-Progress deal a win for alliances, nuclear power

The megamerger of Duke Energy and Progress Energy paves the way for more consolidation of US utilities and could boost the ‘nuclear renaissance’. Alexander Osipovich reports

Last month, US regulators approved the merger of Duke Energy and Progress Energy, clearing the way for the formation of the country’s largest utility. The $26 billion transaction between the two North Carolina-based companies will create a sprawling super-utility with 7.1 million customers across six states and more than 57,000 megawatts of generation capacity. Notably, the decision came on the heels of another major utility deal, the $7.9 billion merger of Chicago-based Exelon Corporation and