Duke Energy

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Duke creates largest U.S. utility with Progress deal

Duke Energy said Monday it agreed to buy Progress Energy Inc for $13.7 billion in stock, creating the largest U.S. power company.

The transaction would create an industry giant with approximately 7.1 million electricity customers in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio, and 57,000 megawatts of generating capacity. Get the full story »