Duke EP to buy cities’ shares in power plants for $1.2B


The Daily Advance

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Duke Energy Progress is offering $1.2 billion for shares in the power plants owned by Elizabeth City, Edenton, Hertford and 29 other eastern North Carolina cities — a deal that if approved, is expected to result in lower energy costs for thousands of residents across the region.

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for a very, very, very big increase in your electric rates. Do you really think Duke is not going to make money in this deal????

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