COLUMBIA, S.C. (AP) -- South Carolina utility regulators say they have received approval to participate in discussions about the proposed merger of two North Carolina-based power companies.
The South Carolina Office of Regulatory Staff said Wednesday that North Carolina regulators last week approved their request to intervene and become a party of record in the merger of Duke Energy Corp. and Progress Energy Inc.
Both companies sell electricity in South Carolina, and the Office of Regulatory Staff will have a say in whether their two operating electric utilities can merge.
The state agency represents South Carolina residents in utility regulation cases and makes recommendations to the Public Service Commission, which sets rates in the state.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
TV Station Profiles & Public Inspection Files forWACH