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for Independent Weekly Vol. 28 Issue 11, Mar 2011
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Abstract:
Progress Energy and Duke Energy are proposed to merge. Progress Energy has a nuclear plant at its Shearon Harris site in Wake County and is considering building more reactors there. Duke Energy, meanwhile, is in preconstruction of a nuclear plant in South Carolina which would supply power to both states. The company is seeking permission to invest more money. If the plant gets built, total cost would be $11 billion. Consumers express concerns about rate increases from this proposed construction.