You may have to send your electricity payments to a new power company beginning next year.
Progress Energy announced this week that it plans to merge with Duke Energy, making it the country’s largest utility.
The new company will be called Duke Energy.
If the merger is approved, the company will serve over 7 million people in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio.
The company will have about 57 gigawatts of domestic generating capacity using coal, nuclear, natural gas, oil and renewable resources.
If the merger gets shareholder and regulatory approval it should be complete by the end of this year.
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