Dive Summary:
- Duke Energy's North Carolina President Brett Carter said that the recent merger settlement will allow the company to focus on the future of the company.
- Carter said the merger provides potential opportunities for innovation, including updates to its generation fleet that he said could result in environmental benefits.
- A separate settlement was also reached that requires Duke to have an independent entity survey its North Carolina customers about their electric service, as well as to survey employees about the merger.
From the article:
He said the combined utility has a larger workforce that allows it to respond faster. The utility sent nearly 3,000 people to help restore power following Hurricane Sandy, and he said there’s “no way” the utility could have done that as a standalone entity.
“Our economic development efforts are getting stronger,” Carter also said. “Duke Energy and Progress Energy had two very different models in economic development – we’re adopting the best of both.” ...
