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January 11, 2011

Duke-Progress Merger Creates Nation's Largest Utility Company 
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In business news, Duke Energy has acquired Progress Energy in a nearly
$14 billion deal, creating the nation's largest utility company. The
joint company will also become the third largest provider of nuclear
power in the country. Analysts say the merger may help Duke expand its
nuclear capacity in an attempt to build new reactors. Jim Warren of the
North Carolina Waste Awareness and Reduction Network said, "Duke's
purchase of Progress is being seen largely as an effort to power up
financially to build nuclear plants."



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