ElectriCities Statement Regarding Duke/Progress Merger
January 11, 2011ElectriCities is closely following this week's news that Duke Energy and Progress Energy are planning to merge. ElectriCities CEO Graham Edwards has spoken with Duke Energy and Progress Energy executives, and both have committed to working closely with ElectriCities.
The proposed merger is a very complex transaction subject to many regulatory approvals. Duke Energy and Progress Energy estimate the merger will close in the fourth quarter 2011.
We are establishing a work team to lead the Power Agencies and ElectriCities through the merger process and review the effects of this transaction. It is very early in the process, and it will take time to identify and evaluate the potential impact on the Power Agencies and ElectriCities. Nonetheless, be assured that this team will fully evaluate this transaction and take the necessary steps to protect the interests of our members.
ElectriCities will apprise the Boards of Commissioners and Board of Directors of developments every step of the way.
Quick Links
Power Problems?
Call (828) 438-5277 to report a power outage, electric problem or a downed power line. Always stay clear of downed power lines. Even if the lines appear harmless, they could still be energized and deadly.
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Call (828) 438-5245 to apply for new service or for billing questions.
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Dan Brown • Director
Phone: 438-5277
Billing: 438-5245
E-mail the Electric Dept.
The Electric Department is located on the first floor
of City Hall.
City of Morganton • 305 E. Union St. Suite A100, Morganton, NC 28655 • (828) 437-8863