Duke Energy Corp. is buying Progress Energy Inc. for more than $13 billion in stock in a deal that would create one of the nation's largest utilities.
NEW YORK (AP) -- Duke Energy Corp. is buying Progress Energy Inc. for more than $13 billion in stock in a deal that would create one of the nation's largest utilities.
The transaction between the North Caolina utilities would create a company with about 7.1 million electric customers in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio.
It would also have a sizable business in nuclear energy.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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