Duke and Progress Energy Deal - Strengths of the New Entity to Boost the US Power Industry New Report
Duke Energy completed its acquisition of Progress Energy in July 2012. The deal, valued at $32 billion, was announced in January 2011, making Duke Energy the largest electric utility in the US. The newly-formed entity now has a market capitalization of $49 billion and more than $100 billion worth of total assets (Duke Energy, 2012). The Duke and Progress Energy deal has paved the way for strong growth opportunities for Duke Energy, as well as the overall power industry in...
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