CHARLOTTE — Duke Energy Corp. has filed with state and federal regulators to merge the company’s utility services provided by Duke Energy Carolinas and Duke Energy Progress. The Charlotte-based company aims to have its two subsidiaries sharing electricity service by Jan. 1, 2027, projecting customer savings of $1 billion by 2038.
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The applications were filed with the N.C. Utilities Commission, S.C. Public Service Commission and Federal Energy Regulatory Commission. Those bodies are likely to spend months examining the proposal before rendering a final verdict.
The company pledged additional savings for customers after 2038 but did not specify the potential savings.
Duke Energy bought Raleigh-based Progress Energy Inc. in 2012 for an inflation-adjusted price of $36.5 billion. As part of the purchase, Duke committed to combining utility services at an undetermined time after working through the extensive corporate combination the deal brought.
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