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ChiefJoJo

Could Duke & Progress Energy merge?

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Just to play the devil's advocate, the article says the opposite. That prices would likely decrease due to the consolidation. They would gain supplies, technology, resources, capacity/generation, etc. and thus be able to lower prices.

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^They obviously are not going to say this merger will increase rates (its called corporate speak)-see the banking industry where consolidation has resulted in the addtion of exorbinant fee increases, decreased access to services, etc. (just the opposite of what they claimed). Would you favor a consolidation of pharmaceutical companies or oil companies?-consolidation leads to reduced market competition which in turn results in higher prices and decreased quality of services (most of the time).

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