CPL merged with FPL creating Progress Energy. Now Progress and Duke want to merge.
Part of the price increase is to pay for the packages to the people who will be laid off.

If the two companies think that it makes money sense to merge then they should eat the short term decrease in profit to get the long term profit.
Certainly the consumer should not have to pay for the merger...
On the other hand a coal power power plant in my county is shutting down soon to comply with EPA regulations. There was a report in the WSJ yesterday about the Federal agency responsible of power production that is not speaking up about how the EPA regulations is going to decrease the limited surplus of power production and how this might effect the stability of the power grid.
With the shutdown of the local coal fired plant, the power will have to be made up somewhere or else. Coal is the cheapest power producer so rates will have to go up to replace this plant and one or two others that Progress is having to shut down.
Progress sends us a note about letting them control our AC. I do not like the idea and for the pittance they pay us for the trouble it is not worth it.
Later,
Dan