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Archive for January, 2012

Duke-Progress agree to new July merger deadline

Tuesday, January 10th, 2012

RALEIGH, NC (AP) — Progress Energy and Duke Energy have set July as their new deadline for completing their merger creating the country’s largest electric utility.

The companies said in a filing with the Securities and Exchange Commission that they agreed last week to forgo a termination date in the merger agreement until July. A Duke Energy spokesman did not immediately respond to messages seeking comment Tuesday.

The companies had pressed all of last year to complete their deal by the end of 2011. That target was upset when the Federal Energy Regulatory Commission said the companies haven’t done enough to protect competition in their North Carolina and South Carolina home markets.

Duke and Progress said last month that revising their deal to satisfy federal regulators would take until March at the earliest.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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Back Then – Pearl Harbor spurs spate of local stories

Tuesday, January 10th, 2012

Looking back in the StarNews archives.

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Shore Shack offers doughnuts, more

Tuesday, January 10th, 2012

The doughnut shop opened at Wrightsville Beach in October.

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NC panel – Sterilization victims should get $50K

Tuesday, January 10th, 2012

People sterilized against their will should be paid $50,000, a task force voted Tuesday.

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Police investigating shooting on Dawson Street

Tuesday, January 10th, 2012

Wilmington police were investigating a possible shooting Tuesday morning on Dawson Street.

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