Duke Energy and Progress Energy File Updated Settlement Agreement in N.C.
The agreement was filed with the NCUC today. It is subject to approval by the NCUC after action by the Federal Energy Regulatory Commission (FERC) on various merger-related filings.
The filing is a supplement to a previous settlement agreement filed Sept. 2, 2011. It addresses state regulatory issues raised by the market power mitigation proposal filed with the FERC on March 26, as well as clarifying provisions included in the previous settlement agreement.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.