COLUMBIA, S.C. (AP) -- South Carolina utility regulators say they will participate in hearings about the proposed merger of two North Carolina-based power companies.
The South Carolina Office of Regulatory Staff says it has filed to intervene and participate in hearings on the merger of Duke Energy Corp. and Progress Energy Inc. The deal needs approval from North Carolina regulators.
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.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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