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ChiefJoJo

Could Duke & Progress Energy merge?

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This article says it could. It doesn't seem likely in the short term, but it would likely create one of the largest--if not the largest--public utility in the nation.

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^Doubtful this would get through regulators-this would be the first step for monopolization of energy utilities in the US.

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Could this be compared to the TVA? They monopolize several states. I realize they are a government agency.

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I don't think I'm in favor of consolidating energy companies, it would put a monopoly on our area and probably increase rates!

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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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