The Public Service Commission (PSC) of South Carolina on April 30 approved a settlement on Duke Energy’s proposed combination of Duke Energy Carolinas and Duke Energy Progress that will allow the two utilities to merge their operations to create long-term savings.
The targeted effective date for the combination is Jan. 1, 2027, according to Duke Energy, which said all benefits of the combination will flow to customers.
“This approval by the commission is about delivering real, long-term savings for our South Carolina customers,” said Tim Pearson, Duke Energy’s South Carolina president. “By combining our two utilities, we will reduce customer costs, simplify operations, promote regulatory efficiencies, and support economic growth across the Carolinas.”…