Hi there,

As President Trump says critical coverage of him is "illegal," we need independent media more than ever! Democracy Now! relies on listeners, viewers and readers like you to report on the issues that matter most in this increasingly perilous environment.Thanks to a group of generous donors, all monthly donations started today will be DOUBLED, which means your $15 gift is worth $30. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today.Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Duke-Progress Merger Creates Nation’s Largest Utility Company

HeadlineJan 11, 2011

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.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top