Clean energy groups reach settlement with Duke Energy in merger proposal

The North Carolina Justice Center, represented by the Southern Environmental Law Center, was one of multiple groups to reach a settlement agreement with monopoly utility Duke Energy in its request to the North Carolina Utilities Commission to combine its Carolinas and Progress subsidiaries.

“We will be vigilant to ensure that the promised cost tracking results in actual savings for NC ratepayers and will continue to push Duke Energy, in light of its record profits, to make energy more affordable, particularly for those households that are already struggling to pay their current energy bills,” – Claire Williamson, senior energy policy advocate,  North Carolina Justice Center.

If the agreement is approved by the commission, the proposed merger will improve energy affordability for North Carolina residents, help put downward pressure on energy bills, and provide more reliability.

Read the full press release here