Duke Energy and Progress Energy Have Merged
Duke Energy completed its merger with Progress Energy on July 2, 2012. The merger, which was announced in early 2011, gained approval from both companies’ shareholders and all necessary regulatory bodies.
Based in Charlotte, N.C., the new Duke Energy is the largest regulated utility in the U.S., with approximately 7 million customers across six states.
Benefits of the new Duke Energy:
- The strategic combination of companies will deliver future savings from streamlining corporate services and enabling better access to financial markets to mitigate rising electricity prices.
- $650 million in guaranteed savings for Carolinas customers from fuel and joint dispatch.
- Better access to financial markets for power system modernization investments will lower the total cost to customers.
About Us — Information about our company, its leaders, generation fleet and more.
Merger News Release — Additional details on the merger.
Investor Relations — Resources for Duke Energy individual, institutional and fixed income investors.