Duke, Progress Energy clear merger hurdle

Osman Gulseven submits:Utility stocks are known to be the dividend kings of the market. Among the utility companies, electric utility companies are among the safest investments, offering regular dividends. These companies are subject to regulations, yet most of them have almost monopoly power in their region.

By Sneha Shah:When we started analyzing Duke Energy (DUK), we thought it was a safe bet during volatile times. However, as we went deeper into the company's business model and performance, we found that DUK has some big risks as well. Introduction

By Osman Gulseven:Duke Energy Corporation (DUK) improves the lives of people each and every day by supplying electric and gas services in a sustainable way.

[AP] - Federal energy regulators are giving Duke Energy and Progress Energy 60 days to describe how they would remedy anticompetitive effects of their merger in their North Carolina and South Carolina home markets if they're allowed to form the country's largest electric company.

Greentech Media submits: By Katherine Tweed

David Hunkar submits: Charlotte-NC, based Duke Energy (DUK) has announced a deal to buy Progress Energy Inc (PGN) for $13.7 billion in an all-stock transaction. The combined company to be called Duke Energy Corp would be the largest utility in the U.S.

[AP] - Duke Energy Corp. is buying Progress Energy Inc. for more than $13 billion in stock in a deal that would create one of the nation's largest utilities.

[AP] - Duke Energy Corp. is buying Progress Energy Inc. for more than $13 billion in stock in a deal that would create one of the nation's largest utilities.