Duke Energy Savings Details Melting Progress In The New Filing Systems

Duke Energy Savings Details Melting Progress In The New Filing Systems: Duke Energy took the PACE on the proposed U.S. $ 13.8 billion purchase of Progress Energy, formally request the North Carolina and Kentucky regulators for approval of the transaction.

Companies have also filed a complaint with federal authorities to approve its plans to exploit the duke and the development of power plants in the Carolinas as a single fleet, although the two utilities Carolina will continue to operate as subsidiaries independent.

Duke intends to acquire advanced end of this year. The new company will be called Duke Energy Corporation and will continue to work in Charlotte. He should be the largest regulated AC power in the country.

Duke has about 1.1 million customers in Ohio, 235,000 customers in Kentucky and 790,000 customers in Illinois.

Deposits provide more details about the cost of public services holding companies that operate fleets wait. But that does not give specific information to be recorded at the lower fuel consumption and associated costs in the Carolinas.

Duke and Progress say they expect the regulators to keep NC 364000000 U.S. dollars within five years after the merger directly from the Combined Fleet. This was largely due to an increased use of more efficient plants in each of the fleet to meet demand with Carolina.

The companies expect to save more than 330.7 million U.S. dollars in fuel costs. Shoulder attributed to increased purchases of coal can save $ 115 million for transportation costs and the supply rail. Almost 184 million U.S. dollars can be saved, say, using improved methods of Prince mixed coal plants. $ 32 million can be saved in natural gas purchases.

This equates to 694.7 million dollars in five years - more or less half of 600 million $ 800 million, the company has when they announced their merger on 10 January.

Presentation to the Kentucky no specific promises of savings. But as the presentation of North Carolina, said he would be savings from consolidation and rationalization of operations at the enterprise level.

And the deposits in both states to recognize the Duke will make cuts in the lists of employees. Duke has about 3,100 in Cincinnati.

"To the extent possible, the company will manage these reductions through normal retirement, attrition, possible voluntary retirement programs and other similar measures, rather than compulsory redundancies, both public discourse applications.

Storage and the Federal Energy Regulatory Commission was made several hours in order to get NC State Utilities Commission, which paved the way for the federal application.

Utilities also ask regulators to allow NC fleets combined. The next month, expect to file a similar request on SC regulators.

But Duke and Progress say they do not need the approval of the merger of South Carolina. They also say they should not make official documents in Florida, where progress, or Ohio and Indiana, where the Duke, utilities of the state. The companies say they will work to keep the authorities of these countries, said a merger case.